Bitcoin is not MySpace - Bitcoin is not a company, bitcoin is a protocol. Bitcoin is TCP/IP, and that is the standard worldwide because of first mover advantage and network effect.

The reason it’s so hard for most people to understand Bitcoin is that most people don’t really understand money. Money isn’t wealth. It’s an accounting system used to facilitate the exchange of wealth. (The paradox of money is that while everyone wants it, no one actually wants it – they want the stuff they can buy…

Bitcoin actually requires proof of work (computational/electrical energy) - just like how it takes energy to dig out gold, bitcoin also needs energy to be mined. If the basis for sound money is whether or not it can be printed out of thin air, then you should be running away from government issued currencies.

deflation is a problem for debt based currencies like the US dollar. Unless you believe in denying people free choice, people should be free to choose whatever monetary system they want - no one is imposing bitcoin use on anyone. Bitcoin is a voluntary system.

People can be defrauded in dollars, it doesn’t mean no one cares about dollars. Bitcoin itself is extremely secure, but if you hand it over to someone for “safekeeping”, then they will take it, and that is what has happened over and over again in the past. Also, it doesn’t matter at all who satoshi nakamoto is -…

bitcoin can be sent anywhere in the world faster and cheaper than anything else out there.