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What is Bitcoin? What is Crypto? How is Bitcoin different than fiat or crypto? What is digital money?
Payments are stored and transferred on a digital global ledger through a decentralized network of independent nodes across the world.
What is Bitcoin?
Bitcoin is a peer-to-peer electronic payment system.
For the first time in history, the ledger does not require a third party (a middleman). Anyone can transfer and store their value directly — with no reliance on a centralized third party.
We are transitioning from land based nation states to a digital global network of protocol states.
In a digitally controlled global network, your speech and identity will be the inaudible oscillation of your transactions — your voice, your speech, your transactions, and your identity will all be tied together.
Bitcoin's verifiable and trust-less exchange enables human freedom and free speech to continue across a digitally connected landscape, without a centralized referee to oversee or approve your transactions,
Bitcoin is not only a digital currency, but a mathematical expression that honors your hard work and can uphold your freedom into the digital future.
Forms of Digital Currency
There are many different forms of digital currency.
What is Crypto?
In the past 40 years, the world has evolved from a primarily tangible world to a digital world. Our money is no longer physical, but digital. A Cryptocurrency is a digital token that acts as money.
Today there are more than 18,000 cryptocurrencies. The global cryptocurrency market cap today is valued at $3.62 Trillion. The market cap of Bitcoin (BTC) is at $2.06 Trillion. Bitcoin dominates the crypto market with over 57% of the total market cap.
{Source: Coingecko}
The world is currently experiencing a transformation of fiat money to digital money and we see the rise of many monetary permutations and forms.
Crypto
$ETH $SOL $XRP : A Cryptocurrency is any digital token that acts as money. Digital currency is simply a digital ledger of exchange, where each transaction is represented and verified mathematically via an encoded protocol.
Meme Coins
$PEPE $TRUMP $DOGE : A Meme Coin is a digital token issued by a private entity. Meme Coins are not backed by any underlying asset and its value is pure speculation.
Stablecoins
$USDT $BUSD $GUSD : A Stablecoin is a digital token issued by a private entity. Stablecoins are backed 1:1 to an underlying supply, typically a fiat currency like the USD and pegged to the value of the asset hel d in reserve.
CBDCs
eNaira e-CNY : A CBDC is a digital token issued by the government. CBDCs are owned and controlled by the government and allow them to have full access to personal financial records, activities, relationships, political and religious affiliations.
Wrapped Bitcoin
$WBTC : Wrapped Bitcoin is a is a type of token on the Ethereum blockchain that represents Bitcoin. Wrapped Bitcoin acts like a bridge between two of the largest cryptocurrency ecosystems.
Bitcoin
$BTC : Bitcoin is a digital token issued with no owner. Bitcoin is limited in supply, verifiable, wholly decentralized with power spread across thousands of independent nodes and not pegged to any underlying asset.
How is Bitcoin different?
Bitcoin is a cryptocurrency, but its unique combination of features distinguishes it from any other cryptocurrency or money in human history.
Bitcoin is a digital currency recorded on a blockchain ledger available instantly, to any person, at any time, anywhere in the world.
Bitcoin enables you to transfer money person-to-person on a decentralized network securely without involving a bank or institution.
Bitcoin enables you to transfer or store the energy of your hard work at your discretion, without loss, with 100% transparency and mathematical verifiability.
Digital Currency Key Features
Bitcoin is very different than any other Cryptocurrency, and operates via Proof of Work (PoW) mechanism.
Each Crypto has unique properties and aims to solve different problems, but only Bitcoin is 100% transparent, wholly decentralized and values freedom above power.
KEY FEATURES
Most Crypto use other mechanisms like Proof of Stake (PoS) or Proof of History (PoH) — all of which trade strength and resilience for other features.
Influence is proportional to amount staked. Large staking pools or exchanges can potentially influence the network.
BTC VS ETH
Some Crypto ledgers include more data like contract states, which add complexity.
This makes it more difficult to understand the ledger and less transparent, requiring specialized tools to verify.
Trust is tied to a small group of people, the validator network or a foundation.
BTC VS XRP
Most Crypto has centralized control through early investors or a foundation. Key validators and developers govern decisions.
These groups wield significant influence and can steer control and wealth towards founders or select groups.
BTC VS SOL
We are witnessing a historical transformation from a fiat based economy into a digital energy based currency and global human-to-human network.
Bitcoin is a novel form of currency that stores and transfers a human’s energy without loss. It is the first currency ever to exist that honors a human’s work one-to-one.
With Bitcoin, your energy is indicated on a digital ledger which is verified by mathematical computation and visible on the digital blockchain by anyone, anywhere on earth.
Humans historically have experimented with different forms of currency, each with their own innate fallacy. Through human ingenuity of mathematics and digital cryptography, Satoshi discovered the hardest, strongest, most accountable currency to ever exist.
Bitcoin indicates on a digital ledger, the worth of your work, your time, your effort, without loss, freely available and readily accessible to all.
Bitcoin is not a moral code, but Bitcoin honors a moral code. One for one. No cheating, no hiding, no favors, no walls, no loss, no borders, no ask. Your work, your value, stored directly, one for one.
Bitcoin is Different. — Bitcoin is Decentralized, Independent, Transparent, Permissionless, Limited Supply, Censorship Resistant, Verifiable through Computation.
Bitcoin is not a moral code, but honors a moral code.
Bitcoin honors your time and work.
Your time and energy is your wealth. Conserve your stored energy in the only asset that honors your value without loss or trickery.
Bitcoin is not a moral code, but honors a moral code.
Bitcoin honors your time and work.
Your time and energy is your wealth. Conserve your stored energy in the only asset that honors your value without loss or trickery.
