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Bitcoin, Blockchain and Cryptocurrency Course

But wait. Has somebody ever said what is Bitcoin, officially? What noun would you use? Digital asset?

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Decentralized money? Investment tool?

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Does it matter, even? Well, if you want to stay around like a smart bitcoiner, it may matter a lot. Because a name implies duties and rights.

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XRP could say that very well after being classified and sued as a security, eh? So, what is Bitcoin, exactly?

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Where can we find that information? Sadly or luckilythe answer is nowhere. Did you find just one?

Maybe two or three? We bet the answer is a great no. So, can they use the name like that? Only because they want to? The answer is a huge yes. Because of the MIT license and whatnot.

Craig Wright.

Ce este Bitcoin? Nu este doar una

Source: craigwright. Probably the last of it came from the Australian businessman Craig Wright in January. So, he threatened with legal btc courss against the BTC whitepaper hosters.

This, supposedly, for copyright infringement, even when the cryptocurrency is still open-source and free software.

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As a result, it was quickly created a movement on Twitter under hack bitcoin wallet hashtag BitcoinPdf for the users and companies to share the document on their own websites and networks. Thousands of them joined, and we also shared it pe Alfacash. Now, this can be proved unsuccessful, but what about the governments?

They can say what is Bitcoin as btc courss deem it more convenient for their interests, indeed.

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And not every country or even state will have the same concept. For Estonia, is an asset. So, what is Bitcoin heavily depends on who you ask.

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What is Bitcoin? It was a direct fork from the first cryptocurrency which means the same transaction historyit was supported by some powerful people and community and it brought some technical improvements as well.

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Why not? Our BTC is still the one, but not even because of that.

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Elizabeth Stark put a nice example: imagine that a government or some powerful entity manages to seize and control BTC. A shared collective belief. Bitcoin is controlled by all Bitcoin users around the world.

In order to stay compatible with each other, all users need to use software complying with the same rules.

Bitcoin can only work correctly with a complete consensus among all users. In btc courss Bitcoin BTC is, and will always be, what most users determine that is. Later, only the time will tell.

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