Random Person Asks You to Give 2 Interesting Facts About Bitcoin (Top Responses)
So this happened, and is worth a post to read some of the commentary from Crypto Twitter.
A random person on the street asks you to give 2 interesting facts about Bitcoin, your response is:
— John Carvalho (@BitcoinErrorLog) September 1, 2018
It's a lot asking anyone anything and you will almost always get different answers and responses from a wide variety of backgrounds, belief systems and personal understandings. Whether its about Donald Trump or asking someone “What is March Madness”, you will likely get 100 different answers if you asked 101 different people. So now let's dive into some of these replies to see what we can learn about how people would explain intriguing facts about bitcoin, the world's leading blockchain cryptocurrency asset.
AVB: 1. No one is in control. 2. Not your keys, not your coins.
Tuur: 1. Was a long time coming: Bitcoin's first building blocks were developed as early as the 1990s. 2. It's like BitTorrent, anyone can run the Bitcoin software on their computer, you don't have to trust any third party.
Michael: (#1) – Regular money is designed to lose value over time. Bitcoin is designed to gain value over time. (#2) – There will never be more than 21 million coins… so, you better get some money of the future NOW!!
Hodlers Watch: At this moment in time The Bitcoin Network makes around 63 quintillion calculations per SECOND !(63,000,000,000,000,000,000), which is more than all the grains of sand on earth, which is estimated at 7 quintillion (7,000,000,000,000,000,000)
Dave B: You can buy a fraction of a bitcoin. There will never be enough bitcoins for every current millionaire in the world to own one.
Masen: 1. No bank account needed 2. No govt can seize your bits
Brian L: 1) Lazlo (the guy who bought “The Bitcoin Pizzas”) also wrote the first bitcoin GPU mining software. 2) Craig Wright is not Satoshi
Blockchain: Bitcoin is 9 years old and it’s ledger has never been hacked.
taipan c: 1. Very difficult indeed to control/corrupt. Even large nation states would likely fail. 2. Studying Bitcoin will lead you to understand that what you just assume is an a-priori system is in fact an illusion that benefits a small group of people.
bitcoiner: 1 – it's government resistant money 2 – everyone will want some.
Nic C: Fact 1: Were never, ever, ever raising the 21m cap Fact 2: fact 1 is true
Holder P: – Bitcoin is deflationary, so unlike paper money, it's value increases over time – Bitcoin is an asset you can carry in your head or pocket and cannot be seized by anyone
Kroustisho: 1- Scarcity. 2- censorship resistance
Alonso V: 1.)it has valued 7050000% in 10 years. 2.) you don't need a bank to transfer it.
Alberto: 1/ It is the most important technological breakthrough since the Internet. 2/ It is a gift for humankind. Its creator is unknown.
Wisemoe: 1)decentralized digital programmable sound money with extremely low barrier to entry 2) Immutable history of transaction (auditability)
Adam D: First asset in the world, which no goverment can seize it.
Lachlan: Bitcoin is neither a coin, nor a bit There will only ever be 20,999,949.97699999 bit coins
CryptoNuggets: 1. Satoshi Nakamoto is from the future. He sent messages back using Quantum time travel to help humanity with this whole currency shenanigans. 2. It's better than USDs
Roger: 1. It has every features to be the new form of money 2. No gov can control it and start printing loads of it to go to war
Josema: 1. You are the only responsible of your money 2. You will learn a lot of interesting things, one of them is that only you decide what Bitcoin is validating your rules.
Rob: 1 – The underlying technology is the most important breakthrough since the internet. 2 – Immutable transaction history
Shem: biggest computer ever built. currently 6th biggest global curreny. soon to be no.1
@ProfFaustus and @officialmcafee to crypto heaven
surferjim: 1. Hardest money ever created by humans that is- unconfiscatable, censorship resistant, decentralized, immutable, worldwide, digital, a value transfer system that no one controls and no one can shut down, and where you control your own $ so you can have monetary sovereignty.
Oliver: 1. I could carry a fortune in my pocket without awhim/her noticing 2. I could send these monies instantly to the other part of the world without him/her noticing
CryptoNautikus: 1. It’s the most scarce (useful) commodity in the universe. 2. The longer Bitcoin exists the more likely it is to continue to exist.
BillM: 1) bitcoin does not and will not finance war. 2) bitcoin is a store of value that will replace gold eventually.
DepNox: 1: My 5 year old holds his own private keys in his brain. 2: It does something far more dangerous than replace fiat currency, it encourages placing savings completely outside of the system which banks rely on.
SharonD: 1. It will be global reserve currency. 2. The only choice you have is time.
RD: 1. Bitcoin is like cash in that the act of holding a private key implies ownership. Implication: Not holding it means you don’t own it. 2. Nobody can take your bitcoin without consent or incompetence. Not even governments.
Bowser: #1 No one controls it. #2 it always works.
Dimitris: Demonstrate instead of talking about Bitcoin: 1. Here is some Bitcoin 2. Please give it to someone else This demonstrates both receiving and sending and encourages more informed questions.
CryptoMcK: 1. Allows people to trust strangers (Byzantine General's problem solution). 2. No central authority, no single point of failure. Pure distribution.
Exodus: 1. Lambo 2. Moon
CoinMoon: 1. Buy 2. Buy more
There are many more worth including but you get the idea! 1) its the future 2) you better get some!