Five years ago Bitcoin wasn’t even a blip on the radar, nobody knew or cared.
Today, Bitcoin is one of the fastest growing industries in the world.
Seriously, if you’re not paying close attention to Bitcoin right now, listen up. We’re about to drop some knowledge on you that might change your life.
Quick Facts:
Bitcoin was created by an anonymous person who goes by the cover name
of Satoshi Nakamoto. I mean… this fact alone should sell you on how
exciting Bitcoin is.Over $260 million of venture capital has been injected into Bitcoin
companies to date, and more than 50% of that was invested in 2014
alone.Bitcoin reduces the cost of financial transactions to almost
nothing. Amazing.Bitcoin isn’t just a currency. Data can be stored directly on the
Bitcoin blockchain, enabling developers to create so many different
types of applications, that we haven’t even thought of most of them
yet. (The blockchain is a decentralized system where all Bitcoin
transactions are saved).“Ok, awesome, Bitcoin sounds like it’s doing well. But is it really that popular? When will everyone be using it?”
Yes. Great question. I will tell you the answer right now.
- In order to make Bitcoin mainstream, someone needs to make a viral
Bitcoin product that everyone uses. Likely, the people using this
product will not even be aware that it’s powered by Bitcoin (similar
to how you use Facebook, but don’t really care what type of
development languages they use). - To increase the chances of this viral Bitcoin application being
created sooner rather than later, we need to increase the amount of
smart people experimenting with Bitcoin and starting companies.
This is where you come in action.
There is so much opportunity in Bitcoin. Most things that can be done today haven’t been thought of. There are even things that could be done that people have thought of but nobody is doing them yet.
The market is wide open. Your imagination and drive are the only things limiting you.
If you are at all curious about Bitcoin, I highly encourage you to take an hour to learn more about it. I guarantee you that once you start learning about Bitcoin, you will never be able to stop. You will be addicted.
Yes. Bitcoin is complicated. Yes, it can be daunting. But don’t worry about that. Just start learning and see where that takes you.
"Bitcoin reduces the cost of financial transactions to almost
nothing. Amazing."
False. Lately bitcoin is slow and expensive. And it is hardly decentralized when there is only a small group of miners and developers fighting each other all the time to do what is right for themselves and not what is best for the bitcoin blockchain and its users. So nothing gets done. And bitcoin gets slower and more expensive.
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100% agree there are so many ways we can incorporate Bitcoin into our every day business!! @ch00fy
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