In the ever-evolving landscape of finance and technology, Bitcoin has emerged as a revolutionary force, capable of reaching corners of the world where traditional banks find it challenging to tread. The fundamental distinction lies in the nature of their operations: banks, driven by the need to generate profits, are often deterred by the costs associated […]
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The term “open source” is one that you’re likely to hear a lot in the Bitcoin community. It means different things to different people but there are a few core ideas that appear to be important to open source supporters. All open source projects seem to be run by the people who use them. One […]
For centuries it has been privileged knowledge that whoever controls the people’s means of exchange, controls the people. Luckily, that power dynamic is being challenged by an open-source math equation known as Bitcoin. For the first time in the modern history, the power over centrally issued money and physical control over money is being shifted […]
For those of us who live in the developed world, we often take for granted how our monetary systems work. We think that anyone can go to the bank and open an account and have access to all of the things in life that we use in our daily lives. Well, that’s not the reality […]
Back in 2009, Bitcoin was published as a sort of open-source peer-to-peer math experiment for cypherpunks and utopian technologists. Since then it has grown to be something much more than that. It has proven itself as the most sound form of money in all of history. For this very reason, it will also prove to […]
Bitcoin has value for many reasons but one of its most commonly cited use cases is as a safe-haven asset. Bitcoin is like a bank account that is not subject to the laws of any single jurisdiction which is one of the many reasons it has become a safe-haven of choice for many savers and […]
“Paper is poverty. It is only the ghost of money and not money itself.” This is a direct quote from a letter that was sent from Thomas Jefferson to Edward Carrington in 1788 in reference to the creation of banknotes. Paper money seems to work for a number of economies around the world so what […]
When you put your money into your bank account, you probably think that it’s your money and that you control it. I would like to agree with you but that’s not quite how the legal system says it works. When you put your money into a bank, they legally own it and your balance is […]
We have all probably used a credit/debit card or a trusted third party payment network to purchase something whether it be online or at a brick and mortar store. When you make a payment, you might also think that you’re only paying with your money but that isn’t the reality. With every swipe of your […]
One of Bitcoin’s most amazing properties is that it puts the users in direct control of their own money. What you may not fully understand are the immense implications that really has on the daily lives of billions of people around the world. Bitcoin is a financial system that is based on ownership rather than […]