Learn the Basics to Protect Your Wealth

What Bitcoin Is

Bitcoin can be described many ways, but simply, it is an electronic payment system based on mathematical proof. It was proposed in a white paper in 2008 by someone using the pseudonym Satoshi Nakamoto (his true identity is still unknown). It is a protocol that produces a means of exchange of value, independent of any central authority whatsoever, that could transferred electronically in a secure, verifiable, and immutable (unchangeable) way. + more

It is not only a new asset class, it is one that makes the holder sovereign. It is completely uncensorable. No one – not a government, not a corporation, not a person, not a single group – controls it, because it is truly decentralized. Bitcoin exhibits Aristotle’s four characteristics of good money:

  1. Durability – it does not weather or fall apart;
  2. Portability – relative to its size it is easily moveable and hold large amounts of value relative to its size;
  3. Divisibility – it is easy to separate and put back together without ruining its basic characteristics;
  4. Intrinsic value – it has value in of itself, independent of any other object; it is rare.
Learn More: Why Bitcoin is Important