What is Bitcoin?
My name is Dan Watson. I love many things in life but two of those things happen to be technology and money. This is why I absolutely LOVE the idea of combining the two….
At the time of me writing this, there are literally thousands of cryptocurrencies on the market right now. In order to better explain what they are, I think it is best to start with the granddaddy of all cryptocurrencies which is Bitcoin.
Bitcoin is a cryptocurrency and worldwide payment system. It also happens to be the first decentralized digital currency, as the system works without a central bank or single administrator. This system was designed to work as a peer-to-peer network, a network in which transactions take place between users directly, without any intermediary or third party nessecary.
These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed and viewable ledger. This ledge is called a blockchain. Bitcoin was actually invented and released by an unknown person or group of people under the name of Satoshi Nakamoto and released as an open-source software in the year 2009.
On 18 August 2008, the domain name “bitcoin.org” was registered. In November that year, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System was posted to a popular cryptography mailing list. Nakamoto implemented the bitcoin software as open source code and released it in January 2009 on SourceForge as well. The actual identity of the person(s) known as Satoshi Nakamoto remains unknown even to this day.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Research produced by the University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
In January 2009, the bitcoin network came into existence after Satoshi Nakamoto mined the first ever block on the chain, known as the genesis block. Embedded in the coding of this paticular block was the following text:
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.
This note has been interpreted as both a timestamp of the genesis date and a derisive comment on the instability caused by fractional-reserve banking systems.
The receiver of the first bitcoin transaction was cypherpunk Hal Finney, who created the first reusable proof-of-work system (RPOW) in 2004. Mr. Finney downloaded the bitcoin software the same day it was released, and received 10 bitcoins from Mr. Nakamoto. Other early cypherpunk supporters were Wei Dai, creator of bitcoin predecessor b-money, and also Nick Szabo as well.
In the early days, Nakamoto is estimated to have mined 1 million bitcoins by him/herself. That sounds like a lot but back in those days it was worth nothing. These days mining is a large and profitable business and there are several ways to mine cryptocurrency for youself. You can find out more about that by clicking HERE.
In 2010, Satoshi Nakamoto handed over the network alert key and pretty much all control of the Bitcoin Core code repository over to a man named Gavin Andresen. Gavin actually later became the lead developer at the Bitcoin Foundation. After that point, Nakamoto subsequently quietly disappeared seemingly from the face of the earth as nobody has heard from him since.
Now, let’s be honest with ourselves for a minute, here. Isn’t it about time that we admit the current system that we live in and the educational system in this country has failed us all by teaching everybody to become obedient little worker slaves who are taught to accumulate large sums of student loan debt. This is all while sacrificing YOUR time freedom in exchange small amounts of money for 40 years or more at something called a J.O.B. which I could be argued is an acronym for “Just Over Broke”.
What if I were to tell you that you could indeed earn more than your parents and teachers ever did by using technology available to just about anybody? What if I were to tell you that a 6 or even 7 figure income was possible? What if I were to tell you that this is possible with NO college degree and NO high school diploma, either? Would it be worth it for you to take a minute or two to read further if it meant possibly achieving a life of freedom that most people can only ever dream about? Would it be worth developing skills that will allow you to do what ever you want, anytime you want? And without ever having to answer to a boss or manager or supervisor or having someone else dictate your schedule and your life?
We now live in an age where all the information in the world is literally at everyone’s fingertips and the average teenager can go online to become much more financially educated than their family and in a very short period of time. Only one more question remains here. Who is the person that you want to become? Do you enjoy sacrificing your time freedom in exchange for money or would you rather take control of your financial education and create a lifestyle of complete freedom that most people only daydream about while they are at their J.O.B.?
I have developed a strategy that if followed closely and consistently, will allow you to stack a large and diverse portfolio of many different cryptocurrencies and for NOTHING out of pocket!
Yes, you read that correctly. This will not cost you a dime. Only a little bit of time. This is a very simple and easy to follow strategy that can be used by absolutely anyone to stack some serious crypto!
The first step to this process is going to be to get a small but steady stream of crypto flowing into our wallet each day. We can and will add to this in very short order. But first, you will need to download the Cryptotab Chrome browser extention (or their entire browser which is what I use) by clicking the banner below:
If you have never used cryptocurrency before, or would like to follow our crypto stacking strategy, simply click the big “NEXT” button below to get started with our free recommended wallets!