Zen Yotta Mond Data
Not quite complete draft of an article I'll be finishging/publishing ASAP. Still have a few paragraphs left, but give it a read and tell me how you like it. pitts@moneybutton.com to reach me, if you give me some good criticism I'll return your money back to you.
Dedicated to my wife & children: I started blogging and posting on social media in 2017 as an open letter and wisdom-transfer to them, with as many personal stories as I can include. If no one reads my writing but them, the time spent is worthwhile.
How many people have asked? How many people have answered; yet, you still don't REALLY know what the hell BitCoin is. Some say it's just digital money. The "digital" part is obvious, it typically means computers and computer networks are involved. But what about "money"? What is money? This question was the basis for the last article which you can read here: What is Money?: https://medium.com/@EquityDiamonds/why-many-smart-coders-dont-get-bitcoin-6c87239253d1
Money is always a proof of work. It's not just any proof of work but the MOST EFFICIENT proof of work (more than gold, or electricity, or cow chips) which allows people to conduct commerce. Armed with this knowledge, it's now appropriate to move on to the trillion dollar question: What is BitCoin?
When done reading this article, here is the expected rewards for the reader - whether the reader is an artist, a Wall Street financier, or a software engineer:
Comprehensively: you will have a much clearer idea of the computational revolution about to occur in the next 25 years - thanks to the unleashing of BitCoin with it's full arsenal of tools in 2020. Let's get started.
It took a bona-fide pantomath to create BitCoin (our next article is on that topic), so why not start off with words right from the stallion's mouth?
"We're limiting ourselves in thinking about bitcoin as just money, or as just transactional exchanges. It is so much more. We have to start thinking, not just money, but a full digital rights network, a full transaction network for FILES that link to redeemable contracts. Then we'll start actually understanding what this is all about." - Satoshi Nakamoto to Nick Szabo, 2015 [1]
The Bitcoin network provides a commodity marketplace for...