Bitcoin Basics

Category: What is Bitcoin?

Aug 22

“Bitcoin will measure prices falling to their marginal cost of production over time. Prices of everything will fall against it. While in fiat terms, prices of most things will rise. Your view of the world depends on what you use to measure it.”— Jeff Booth
Aug 20

“Bitcoin is not just money; it’s a new form of digital power projection, akin to a cybernetic weapon.”— Jason P. Lowery
Aug 18

“Satoshi opened a portal into the digital realm, allowing energy to flow through and bringing life to cyberspace.” Michael Saylor
Jul 1

“Bitcoin has a couple of things going for it: One is that it is distributed, with no single point of failure, no ‘mint’, no company with offices that can be subpoenaed and arrested and shut down.”— Hal Finney
Jun 27

“The proof-of-work chain forms the block chain, but also a time chain, because the work done is cumulative and the transactions timestamped.”— Satoshi Nakamoto
May 28

“Bitcoin is a bank in cyberspace, run by incorruptible software, offering a global, affordable, simple, & secure savings account to billions of people that don’t have the option or desire to run their own hedge fund.”— Michael Saylor