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The Genesis Blog - Bitcoin, Cryptocurrencies and Why You're Missing Out

This is my genesis blogpost. Blockchain is gonna change the world and I'm here to explain you why, I'm a programmer, owner of a marketing/communication company, a financial market & cryptocurrency trader and educator. Welcome to my blog.

Bitcoin is an implementation of whats called a Blockchain, this is a decentralized database that can server as many things one of them being a value transfer like a payment :).

The keyword here is decentralization, unlike traditional FIAT currency like $USD or $EUR, Bitcoin ($BTC) has a limited supply of 21million and is not controlled by a central authority. It's network is secured by a global decentral network of people who contribute power to secure and encrypt the data so it remains valid. This makes sure the database can never be tampered with.

What people fail to realize though is these cryptocurrency networks (or Blockchain implementations aka Bitcoin & altcoins) have intrinsic value to exist and a known finite supply. When the 2008 crisis hit a lot of people lost trust in the banking system, the is the fundamental reason Blockchain technology exist of which Bitcoin is simply its inception. The genesis blocks contains a link to a news article about an approved bank bailout. Since it's original creator is still anonymous and can be anyone from a crazy Australian Dr. to NSA like governement agencies we just have to assume it was built with good intent and that it clearly fills a need for a decentralized way of transferring value.

Bitcoin/Blockchain/cryptocurrencies are the e-mail of money, e-mail server communicate with eachother through a written protocol and Blockchain allows for secure transfer of value without any middle man. In following blogs I will go further into markets and the true value of these tokens and coins.

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