One direction four physical copy bitcoin
I love a feel-good bitcoin story as much as the next gent. So it's a kind of complicated process how bitcoin is created or mined. And so those were sort of the one direction four physical copy bitcoin rules that were laid down. We're talking about bitcoin, the digital currency that was created in So that's the sort of thesis on this.
There would only ever be 21 million bitcoins created. You know, they took bitcoin for - the waiters and waitresses took bitcoin. And so just to see the way that this software, you know, it - that this piece of program that this anonymous person wrote - the way it can sprout up and create all these things in the real world - you know, going to these gorges in China where there are now people just living in these enormous industrial sites, working on this - it's - that's, I think, what's been the most incredible to see.
You know, that's particularly attractive in countries where it's hard for people to get bank accounts and where, you know, places like India, again, or Africa, where people are sort of locked out of the online economy because they can't get a credit card, they can't get a debit card. And certainly there are countries where the government has issued currency and then the government has fallen and the currency has turned out to be worthless. So what is a bitcoin? You can one direction four physical copy bitcoin - at least early on, you could essentially get free bitcoin if you joined the network.
And I think there's no doubt that there probably is going to be some reckoning here. I was going to say that. I mean, like, the price of bitcoin has been shooting straight up, but things that go up sometimes come back down. We're talking about a distant future.
So you can't just say, well, I want to create new bitcoin. Although its roots were in idealism and libertarianism, it first became widely used for purchases on the dark web, the sites on the Internet black market selling drugs one direction four physical copy bitcoin sex. People are speculating that this will serve more purposes in the future and will be more valuable to more people in the future than it is today. We got a while.
I mean, it's also very easy to sort of move money around the globe so, you know, it takes a long time right now to make a sort of one direction four physical copy bitcoin basic bank transfer to India, to China. And I should say that applies not just to individual computers, but also to, like, whole networks and to hospitals and, you know, around the globe. Well, the idealism that fueled bitcoin at the beginning, the place where you've seen that one direction four physical copy bitcoin out is in countries where people have their money trapped or are losing money because the local currency is, you know, is experiencing hyper inflation and so people are losing all of their savings and looking somewhere outside of the government's control to put money. I don't know the odds.
Well, you are certainly right. Yeah, so this was the original. You give them new bitcoins. And so it incentivized people to join the network. It's a kind of interesting process.