This website and the information contained within should not be treated as investment advice or guidance. The website aims to provide an overview of a new technology. Any investments in speculative assets is done so at one's own risk.
Welcome!
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We aim to help you understand Bitcoin and the wider cryptocurrency world.
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We offer a simple overview to the potential future of money.
We explain why Bitcoin is not a scam, a ponzi scheme or many of the other things wildly reported in the mainstream media.
We know the concept of cryptocurrency can be daunting initially. It is technical and covers understanding of:
finance, monetary history, mathematics, computer science, monetary policy, fiscal policy,
psychology, sociology, game theory, the list goes on…
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However, we will try to break it down for you and explain why this will likely be the greatest invention of the 21st century, bringing equality, peace and prosperity to the world.
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Please note: Bitcoin is the original and largest cryptocurrency and is very different from Bitcoin Cash, Bitcoin SV, Bitcoin Gold, Bitcoin Diamond, etc. Be careful if purchasing that you are looking at the correct one.
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Embrace Change
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Why was Bitcoin created?
Simply, Bitcoin is electronic cash that does NOT require a third party (i.e. a bank) to authenticate transactions between users. Exactly the same as physical cash where one person hands another a banknote but digital. Digital transactions were previously only possible with a bank as a middleman.
Who can use it?
Bitcoin does not discriminate and is a purely voluntary system. Anyone with access to a simple smart phone and an internet connection can use it. Once you own Bitcoin all you need is a physical or memorised private key (12-24 word password to your money). It is censorship resistant and incorruptible.
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How many bitcoin exist?
The total supply cap is predetermined at 21 million. Each bitcoin can be divided into 100 million Satoshis. This means you can own a fraction of a bitcoin. And just to be clear - they are not physical! The protocol (rules) enforces the finite number (unlike modern currency) so wealth can't be debased.
How do I store it?
Bitcoin is held in a wallet. This can be a paper wallet, mobile wallet or a hardware wallet. A hardware wallet is regarded as the safest. Ultimately all you need is a way to keep your private key (password) safe. Many people keep funds on exchanges which is dangerous. Exchanges are third parties and can lose funds.
What gives Bitcoin value?
This is slightly more complicated but involves supply and demand. This depends on user adoption, miner costs and the supply halvings. The most clear way to model value so far has been with stock-to-flow (used with gold and precious metals), which is detailed further in the link.
What is decentralisation?
Decentralisation is where no one person, body or entity is in control. The system relies on the consensus of its users. Anybody can come in and out of the network voluntarily. This is important because it prevents a small number of people having all the control, which should lead to fairer outcomes.
Where can I buy bitcoin?
For UK residents, there are many exchanges over which bitcoin can be purchased. Coinbase and Kraken are regarded as two of the biggest and most trusted companies offering bitcoin and other cryptocurrencies.
It is important NOT to leave the majority of your holdings on an exchange. The whole point of bitcoin is to be your own bank and not require or rely on a third party. Presently, it is generally considered safest to transfer holdings to a hardware wallet. As infrastructure develops everything will become easier and more user-friendly.
For a lot of people, purchasing a relatively small amount and getting familiar with how to transact is a good place to start. If you decide to purchase some Bitcoin please use the link below to go through to the Coinbase website and receive $10 free.
Bitcoin: Money for the people.
We strive to build a better world and obtain true freedom for all.
Feedback and constructive criticism are welcomed to improve and develop the website.
Where referral links are used we often generate a small commission, which supports the site. The following address can also be used for any donations to continue development.
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BTC
Donation Address
bc1qawqat77002nlz2z56gkkydpdhpsu3eezad2mjv
BTC
Donation Address
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