215 sats \ 1 reply \ @DarthCoin 15 Nov \ on: I am new to Bitcoin, please try to answer some of the questions I have. bitcoin_beginners
First of all, did you read all my guides? Especially this one? https://darth-coin.github.io/beginner/5-stages-became-bitcoiner-en.html
What is Bitcoin, really?
Money, digital p2p money. Please read Bitcoin whitepaper: https://bitcoin.org/bitcoin.pdf
How does Bitcoin mining work?
This is quite complex question and cannot be answered in few words and without previous knowledge. Watch this excellent documentary and you will understand it: https://www.bitchute.com/video/RZMmhAnmqOJP?playlistId=gF3xhGBFuDNW And more documentaries about Bitcoin here: https://www.bitchute.com/playlist/4zt6wx6fQIGe/
How does Bitcoin's price fluctuate? What factors influence it?
Bitcoin price in terms of fiat is just a free market mechanism, demand and offer on the currency exchanges. Ignore that price. Concentrate in how Bitcoin can be used, not in how much fiat you can get. Read this excellent article about What gives Bitcoin value: https://fee.org/articles/what-gave-bitcoin-its-value/
What is the future of Bitcoin? Will it replace traditional currencies?
Yes, that is the main goal. To fuck the banks, fuck the govs, fuck fiat. But do not compare Bitcoin with other currencies before you know the difference between money and currency. A currency is created and controlled by decree, by a central bank, by a gov.
Bitcoin is not. Read more here: https://darth-coin.github.io/general/bitcoin-commandments-en.html
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0 sats \ 0 replies \ @Noobboy OP 15 Nov
I am going through all of yours guides one by one and everytime I read, I learn something very new. I really appreciate it.
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