Bitcoin is _us_
Highlighting the community's best explanations for Bitcoin.
One of the main challenges for Bitcoin's mass adoption is the learning curve in understanding Bitcoin's value proposition.
It can take time for some of us to find that "AHA! moment".
Bitcoinis.us is seeking the best explanations for #Bitcoin and why we should own it!
What is Bitcoin? Why is it unique?
How does it work?
Why should you care?
|Tyler Winklevoss (Co-inventor of Facebook)||“We have elected to put our money and faith in a mathematical framework that is free of politics and human error.”|
|Naval Ravikant||"Bitcoin is a tool for freeing humanity from oligarchs and tyrants, dressed up as a get-rich-quick scheme."|
|Peter Thiel (Co-Founder of Paypal)||“Bitcoin is the first [encrypted money] that has the potential to do something like change the world.”|
|Jack Dorsey (Twitter & Square CEO)||"Bitcoin will overtake the dollar in importance as it becomes the single global currency of the internet within a decade."|
|Liran Cohen @itsliran||"...taking back control of what belongs to the people from the hands of large corporations and corrupt governments."|
|Eric Schmidt (Google CEO)||“Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value.”|
|Bill Gates||"Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.”|
|David Marcus (CEO of Paypal)||“Bitcoin is a store of value, a distributed ledger. It’s a great place to put assets, especially in places like Argentina with 40 percent inflation, where $1 today is worth 60 cents in a year, and a government’s currency does not hold value. It’s also a good investment vehicle if you have an appetite for risk. But it won’t be a currency until volatility slows down.”|
|Nassim Taleb||“Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.”|
|Peter Diamandis||"Bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions… all good things."|
|Shiran Brodt||"A hedge on the collapse of the GLOBAL financial system. Meanwhile gold is a hedge which works within the current financial system, as governments still control the supply and means of production."|
What's your definition of Bitcoin?
The more information you provide the higher the chances of your explanation. If the quote is not yours, please credit the other author.