Go read the Bitcoin Whitepaper before you ask questions plz.. Bitcoins were worth almost nothing when they were first mined. They were almost a joke. A guy bought a pizza for 16,500 Bitcoins.. They only gained value once people realized there is an algorithmically proven finite amount of them - and there are not enough for everyone.
There is all sorts of data hidden in the blockchain.. Blockchain.info is a good place to start.
It started with an idea published in a whitepaper by a pseudonym of Satoshi Nakamoto. It appears to be a mostly organic open source effort after that.. Then, a group of evil people (called Core or something) basically took over Bitcoin and stifled it. Meanwhile, a group of non-evil people just forked the whole damn thing and that's how Bitcoin Cash got started.. Every other crypto is basically a protocol based off of Bitcoin.. most of the ones that gain a following do so because they add new features. Ethereum is the most ambitious where you can embed a whole running program into the blockchain.. it's also one that is tough to scale.
IMO, a small gradual investment in the Top 5-10 cryptos on coinmarketcap.com is a good idea.
I like the idea of how it is right now.. use whatever the hell currency you trust.. and convert it to whatever one is needed to buy from the vendor you want to transact with..
It is the individual's choice to spend cash on illicit goods and services. Why else does the US Government crackdown on illicit purchases with the US dollar? Oh, that's right, we have laws concerning how we spend the dollar. Did it say it is legal to use the US dollar on illicit goods and services or illegal?
Go read the Bitcoin Whitepaper before you ask questions plz.. Bitcoins were worth almost nothing when they were first mined. They were almost a joke. A guy bought a pizza for 16,500 Bitcoins.. They only gained value once people realized there is an algorithmically proven finite amount of them - and there are not enough for everyone.
There is all sorts of data hidden in the blockchain.. Blockchain.info is a good place to start.
It started with an idea published in a whitepaper by a pseudonym of Satoshi Nakamoto. It appears to be a mostly organic open source effort after that.. Then, a group of evil people (called Core or something) basically took over Bitcoin and stifled it. Meanwhile, a group of non-evil people just forked the whole damn thing and that's how Bitcoin Cash got started.. Every other crypto is basically a protocol based off of Bitcoin.. most of the ones that gain a following do so because they add new features. Ethereum is the most ambitious where you can embed a whole running program into the blockchain.. it's also one that is tough to scale.
IMO, a small gradual investment in the Top 5-10 cryptos on coinmarketcap.com is a good idea.
<3 another person who understands the great scaling debate and how Bitcoin's vision died.
I'll throw my hat into the Monero ring, it's the most important project of all and the closest thing to actual digital cash that exists.
I like the idea of how it is right now.. use whatever the hell currency you trust.. and convert it to whatever one is needed to buy from the vendor you want to transact with..
It was a platform for illicit use. The very reason why this digital currency exploded. But dirty and blood money never lasts, in my opinion.
Cash is a platform for illicit use too.
It is the individual's choice to spend cash on illicit goods and services. Why else does the US Government crackdown on illicit purchases with the US dollar? Oh, that's right, we have laws concerning how we spend the dollar. Did it say it is legal to use the US dollar on illicit goods and services or illegal?