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- Herausgeber: Pierce Nakamoto
- Sprache: Englisch
Do You Want To Know How You Can Profit From The Bitcoin Revolution?
It is never too late to learn the ins and outs of bitcoin so you can get started today.
Have you recently been hearing about Bitcoin on the news and it looks like you don't understand what the frenzy is all about? Wondering how to start investing in Bitcoin but don't really know what it is which is making you hesitate to get involved in it because you do understand what it's all about? Are you wishing you could understand Bitcoin but you are afraid that it is too complicated and complex?
Are you also worried about its technicality which is making you believe that you will never understand the concepts? Are you suffering from a future shock but looking for a reason to be optimistic? Do you see the possibility of something new and beautiful but don't know how to express it to your friends?
Then you might have found the perfect book for you. In this book, we take a look at the answers to all of these questions and more.
- What Bitcoin Is.
- How Bitcoin Gets Its Value.
- The Technology That Powers Bitcoin
- How To Profit From Bitcoin.
- Bitcoin Wallets and What They Are.
- And So Much More.....
Das E-Book können Sie in Legimi-Apps oder einer beliebigen App lesen, die das folgende Format unterstützen:
Veröffentlichungsjahr: 2021
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BITCOIN FOR BEGINNERS: A Simple-To-Understand Starter’s Guide To Bitcoin And Cryptocurrency
BY
PIERCE NAKAMOTO
COPYRIGHT ©
Written By PIERCE NAKAMOTO
© 2021 CANADA
All rights reserved. No part of this book may be reproduced or modified in any form, including photocopying, recording, or by any information storage and retrieval system, without permission in writing from the publisher.
Table of Contents
Title Page
Copyright Page
DISCLAIMER:
INTRODUCTION
WHAT IS BITCOIN MINING
WHAT GIVES BITCOIN ITS MONETARY VALUE
HOW TO KEEP YOUR BITCOIN WALLET SAFE
DEBUNKING THE MISCONCEPTIONS ABOUT BITCOIN
HOW YOU CAN BUY YOUR BITCOIN
HOW YOU CAN SELL YOUR BITCOIN
FREQUENTLY ASKED QUESTIONS ABOUT BITCOIN
WHAT IS BLOCKCHAIN TECHNOLOGY AND WHAT DOES IT HAVE TO DO WITH BITCOIN?
DISCLAIMER:
No part of this book should be considered legal or professional advice. Take everything I say in this book as my opinion and regard it as entertainment. You are responsible for your action by acting on the thoughts and views shared in this book.
INTRODUCTION
Digital currency like bitcoin will be an important part of the so-called "Fourth Industrial Revolution" technology, also known as "The Great Reset". The World Economic Forum (WEF) predicts that it will benefit supply chains. But we've also seen early consequences for the Internet of Things and smart cities. During the first industrial revolution of the 1750s, people moved from domestic production to large factory production. We are now entering the Fourth Industrial Revolution that is riding on the backs of many technologies outside of the blockchain, such as AI, machine learning, autonomous vehicles, drones, and more.
We see that the recent Covid-19 pandemic has accelerated the adoption of emerging technologies as we move, in such a way that government does not necessarily have all of the power, towards a cashless, streamlined, and open financial system.
Globally, we are beginning to see such a financial system emerge with blockchain projects like Electroneum, Stellar Lumen, and Ripple. These companies are making attempts to solve many problems for people that are without a bank account. They are the seed of a flourishing microeconomy across the world. Give it ten years, and they can change poor economies.
The plus is, for example, that it is much easier to pay for anything, from ice cream to taxi fare. In general, farmers and artists can take advantage of this. The focus will be more on local economies. People will spend more and more time with their families instead of having to go to work every day. Everything will become automated, which, as a result, will save people more time. We would be able to spend more of our life or more of our time going after the things we had always wanted to do, like learning to play the guitar or learning to paint and so on, instead of having to work at a job we hate.
Of course, one of the downsides is that everything you spend will be tracked. With scandals like Cambridge Analytica, people's views on privacy are constantly changing. There will be some pushbacks of course. Despite the disadvantages, we believe the benefits outweigh them.
Confidentiality is a double-edged sword. You have a side where privacy can be compromised because everything is been tracked. On the other hand, it could be a good thing if everything is tracked. Crimes and fraud would be stopped. There is always a scenario where privacy is directly prohibited to prevent crime. Nevertheless, everyone must win in this situation. Maybe that means sacrificing some privacy for convenience.
However, the past has shown that people do not really mind trading privacy for utility. We have seen this over the past ten years. The fact that we publish personal information on the Internet to access certain services speaks volumes. We are happy to have things like Alexa in our homes today. When we register with Facebook or other social networks, we use our email address, sometimes even a phone number.
To some extent, most people are happy to give up most of their personal information in order to access services. Privacy is undoubtedly something we need more of in the world. Cryptocurrency is a great way to do this. Maybe we need more of that than tracking.
The more the world becomes globalized, the more countries sign trade agreements and the more the European Union grows, the more we will give up our privacy. At the same time, more people will increasingly be drawn to nationalist ideas, as we have seen with Brexit and probably also in Poland and Hungary. In addition, people are increasingly concerned about their privacy.
Of course, some people who want less government control will be skeptical. And that's why we can choose privacy coins. Others will probably want things to be better tracked. Of course, there will be compromises. But when the positive outweighs the negative, people will be open to this new world. In our lifetime, probably the next 50 years, there will be existential issues to think about.
When cryptocurrency started, we were very interested in it from an investment perspective - and of course for money-making. In recent years, especially now in the face of this recent pandemic, we've seen the biggest ramifications and realized that crypto isn't just for people to make money. The Fourth Industrial Revolution has even more to offer.
If the idea of cryptocurrencies had been introduced twenty years ago, it would have encountered a lot more skepticism than it did in 2008. This is all the truer today. We see how people are more open to the idea now. The Fourth Industrial Revolution laid the groundwork, and a future full of cryptocurrencies is now looming before our eyes.
