Bitcoin challenge questions to 🇹🇿⚡️Tanzania \ stacker news ~bitcoin

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Bitcoin challenge questions to 🇹🇿⚡️Tanzania

10.1k sats \ 8 comments \ @BitcoinBeachZanzibarhotel 3 Mar 2023 bitcoin

Swahili :leo nitakua na maswali kumi (10) yanayohusu pesa za kidigitali , watu 50 wa kwanza kujibu vizur na kwa uelewa mzuri watazawadiwa sats 10.

English :this evening I will be having ten (10) questions concerning digital currency , the first 50 people who will answer the question in accurate way and well explained will be rewarded 10sats each

Kiswahili :lengo langu ni kutaka kujua ni wanachuo wangapi tanzania ⚡🇹🇿wanauelewa na pesa za kidigitali hasa bitcoin na kwa mtazamo wao wanaichukuliaje kati ya bitcoin na tanzania shillings.

English :My goal is to know how many students in Tanzania ⚡🇹🇿 understand digital money, especially bitcoin, and from their point of view, how do they perceive it between bitcoin and Tanzania shillings?

Kiswahili :lengo la bitcoin (sats)for tanzania ⚡🇹🇿⚡ project ni kuelimisha jamii hasa vijana kuhus teknolojia ya sarafu za kidigitali hasa bitcoin na pia kutoa elimu bure kuhus bitcoin na kuweza kufikia vijana 10,000 na kuwaelimisha zaidi

English :The goal of bitcoin (sats) for tanzania ⚡🇹🇿⚡ project is to educate the community especially young people about digital currency technology especially bitcoin and also to provide free education about bitcoin and be able to reach 10,000 young people and educate them more.

Swahili :Maswali yote kumi nitayatuma .👇🏽👇🏽

English:All ten question I will share them here 👇🏽👇🏽

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Questions in English

1 .what is bitcoin ??

2.what is wallet of satoshi ?and it's function ?

3.what is sats ? And 1 bitcoin is equal to how many sats ??

Do you think what is the difference between decentralized system and centralized system with examples??

5.what do you think about the fiat money and bitcoin ,which one will be the future money and why ??

6.mention at least four bitcoinb/sats wallets you know ??? And which one do you have ,??

7.who is satoshi nakamoto and what was the first price of bitcoin in 2009??

$ 1 is equal to how many sats and bitcoin ???

9.how many sats do you have and if you don't have why don't you have ???😃😃😃⚡

Why bitcoin is for everyone and everywhere across the world and our fiat money ( tanzania shillings ) is not for everyone and everywhere across the world?

Maswali kwa Kiswahili

1 .bitcoin ni nini ??

2.mkoba wa satoshi ni nini?na kazi yake?

sats ni nini? Na bitcoin 1 ni sawa na sats ngapi ??
Je, unafikiri kuna tofauti gani kati ya mfumo wa madaraka na mfumo wa kati kwa mifano??

5.una maoni gani kuhusu fiat money na bitcoin ,ni ipi itakuwa pesa ya siku zijazo na kwanini??

6.taja angalau pochi nne za bitcoinb/sats unazozijua ??? Na wewe una yupi,??

7.satoshi nakamoto ni nani na bei ya kwanza ya bitcoin mwaka 2009 ni ipi??

$ 1 ni sawa na sats ngapi na bitcoin ???

9.una sati ngapi na kama huna kwanini huna???😃😃😃⚡

Kwa nini bitcoin ni ya kila mtu na kila mahali duniani kote na pesa zetu za fiat (shilingi ya tanzania) si za kila mtu na kila mahali duniani kote?

Bitcoin for freedom to everyone

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0 sats \ 1 reply \ @josephjoeyjoe 3 Mar 2023

Bitcoin is.

0 sats \ 0 replies \ @BitcoinBeachZanzibarhotel OP 4 Mar 2023

Bitcoin is a digital currency which operates free of any central control or the oversight of banks or government.instead it relies on peer to peer software and cryptography

0 sats \ 1 reply \ @nerd2ninja 3 Mar 2023

1 .what is bitcoin ??

Bitcoin is an agreement.

The fact that Bitcoin is an agreement is usually expressed by saying it is "consensus". The current agreements are, there will never be more than 21 million Bitcoin, the initial distribution of Bitcoin will only ever happen through mining rewards, the mining rewards will be 50 Bitcoin per block and the reward will be cut in half every 210,000 blocks until it reaches 0, transaction fees will be charged based on the virtual byte size, 1 virtual byte if full nodes don't need to use CPU power (segwit space) and 4 virtual bytes if full nodes need to use CPU power to verify the data (input and output space). There are more, but I'll stop here.

2.what is wallet of satoshi ?and it's function ?

"Wallet of Satoshi" is an account that you do not control. Its the same as your account balance in stacker news.

This is different from something like Pheonix or Breez which are still trusted but have more control, or blixt which gives the user all the control, but compared to Pheonix or Breez requires a greater understanding of how Bitcoin works to use it.

3.what is sats ? And 1 bitcoin is equal to how many sats ??

1 sat (named after satoshi) is 100 millionth of a bitcoin decimal. 0.00000001 Bitcoin is one sat, the same way that $0.01 is one cent.

Do you think what is the difference between decentralized system and centralized system with examples??

A decentralized system is an agreement, like the agreement that people born of the same parents are family. Like the agreement that people in a family support each other.

A centralized system does not ask for agreement. The person who controls it, simply does whatever they desire.

5.what do you think about the fiat money and bitcoin ,which one will be the future money and why ??

I think fiat money's only value is the demand for it to pay taxes. On the other hand, Bitcoin is desired as a fair agreement system across all places in the world. For this reason and other reasons too, I think Bitcoin is the future of money.

6.mention at least four bitcoinb/sats wallets you know ??? And which one do you have ,??

Breez Pheonix Blixt Electrum

I have used Breez, but I use both Pheonix and Blixt on the regular these days. I have also used Electrum in the past, in fact that was the first lightning wallet I had ever used, but it was a bad experience because I didn't understand things like who I should be choosing as a channel partner and channel management and how to back up channels which are things Pheonix and Breez take care of for you.

Please read this person's review of Bitcoin wallets in places with bad internet: https://bitcoinmagazine.com/culture/top-bitcoin-lightning-wallets-in-slow-internet

7.who is satoshi nakamoto and what was the first price of bitcoin in 2009??

I don't know who Satoshi Nakamoto is other than he was a programmer who wrote the paper describing the purpose of, and the computer code for Bitcoin. Bitcoin did not have a dollar price in 2009, but had a price of $0.0008 in 2010.

$ 1 is equal to how many sats and bitcoin ???

Bitcoin has no top because the dollar has no bottom. However, the daily price is determined by what people are willing to buy Bitcoin for and what people are willing to sell Bitcoin for across all places where people are buying and selling Bitcoin.

9.how many sats do you have and if you don't have why don't you have ???😃😃😃⚡

Never tell anyone how much money you have. It will keep you from being robbed.

Why bitcoin is for everyone and everywhere across the world and our fiat money (tanzania shillings) is not for everyone and everywhere across the world?

Bitcoin is for everyone because there is no possible way for me or anyone else to stop someone from using it. The tanzania shilling on the other hand I can only imagine is only really useful for paying taxes, other than that it has no value whatsoever. Even the US dollar has a value that is only based on what people actually need to pay taxes and all of its value above that is undeserved.

Being in my part of the world, why would I as someone who doesn't live in Tanzania want a shilling? On the other hand, you can spend Bitcoin in El Salvador, the Phillipines, Hong Kong, Japan, the US, Nigeria, South Africa because between all the people who live in these places we all agree that we like Bitcoin as being a good and fair system.

Bonus video. "The Power of Faith": https://www.youtube.com/watch?v=EPspYa8TLlA

0 sats \ 0 replies \ @BitcoinBeachZanzibarhotel OP 4 Mar 2023

Fantastic and great answer thanks a lot bitcoin for freedom ,sorry where are you from

0 sats \ 3 replies \ @AJ1992 3 Mar 2023

Lol 10 measly sats.. you're SOOOO generous..

Greedy fucker

0 sats \ 2 replies \ @BitcoinBeachZanzibarhotel OP 4 Mar 2023

Sorry am not greedy am doing this to support and help people in my country Tanzania 🇹🇿⚡️To learn more about bitcoin since a lot of people term bad bitcoin ,also with my bitcoin challenge questions has help almost 100 university student until now to learn more about bitcoin as well as technology on Blockchain technology and so many other things

0 sats \ 1 reply \ @nerd2ninja 4 Mar 2023

"Everyone responsible for the confusion between Bitcoin and crypto; read this" A letter from "Bitcoin Ekasi" South African organizers.

#104126

https://bitcoinekasi.com/

I think you should contact the Bitcoin Ekasi organizers. They can help you I think.

15 sats \ 0 replies \ @BitcoinBeachZanzibarhotel OP 4 Mar 2023

Thanks very much