7c1964b9-55b7-4768-8d1b-268ee4589a7e

7c1964b9-55b7-4768-8d1b-268ee4589a7e

ME
Mr Esco
Aug 12, 2023
2 min read

An excerpt from a lovely article I just wrote recently. It's not published yet.


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What is Bitcoin?



At its core, Bitcoin is three essential things:




a data transmission protocol over the internet, 


a distributed public ledger or Blockchain, and 


a digital money value system or cryptocurrency.



?Bitcoin is a platform that allows you to build whatever you want in a creative mode - starting from a currency system to a tokenized world.



Many wondered why Mr. Nakamoto hadn't explained what Bitcoin is for in greater detail. The answer to that question is simple: They did not know.



?Bitcoin doesn’t have to be one thing. It can be many things for different people. Bitcoin is what you want it to be.



Who is Satoshi Nakamoto?



The pragmatic answer: Nobody knows, it can be either a man, a woman or a group.


The poetic answer: Satoshi Nakamoto is every single one of us.




If you're asking yourself why he decided not to reveal his Identity, the answer may be simple. It's not a good idea for his identity to be displayed because of the security concerns he may be exposed to from bad intended actors. 



Andreas M. Antonopoulos - one of the original Bitcoin advocates - compares the situation to a Greek mythology tale. Prometheus stole fire from the gods and gave the technology to men. Same with Bitcoin and Satoshi Nakamoto. Satoshi stole money from the State - he stole the technology of money - and gave it directly to men.


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About the Writer

ME

Mr Esco

0 MPXR
xoxo

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