«The Bitcoin Gospel» ¿Still a simple peer to peer token for the average Joe or only a long-time “hodlers” asset for wealthy whales?

in #cryptocurrency7 years ago (edited)

"Since currently, the market’s rosy outlook is in stark contrast to the prognosis many insiders give to Bitcoin right now"

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"Read and Learn next about how to climb the slope"


Lately, bitcoin's transactions volume has been steadily growing so much that are quickly making blocks full. Pushing up transaction fees as people compete to ensure that their transaction makes it into the next block or one soon after.

Ok, let's check a bit the early holy dream.

Bitcoin and its blockchain technology is not a system based on debt but a system based on ownership. ¡And nobody can censor it, seize it or freeze it!

"To think that it's too late to start with bitcoin is like thinking it's too late to use the internet or to start using a mobile phone these days."

¡Internet is omnipresent in our lives and so will bitcoin!

  • To acquire Bitcoin, you have to buy them on a bitcoin exchange, receive them from someone who owns Bitcoin or mine them.

  • Mining Bitcoin essentially entails verifying pending transactions and recording them in the blockchain.

  • A cryptocurrency token operating under a peer-to-peer network called a blockchain.

  • Only 21 million Bitcoins will be created. ¿Really?

  • And.. erm.. ¿Is it still decentralized?

¡Again! Let's see this closer.

If you want to send Bitcoins, first of all you need to have a bitcoin wallet. You need your private key to sign a message with the input, amount and the output. You then send them from your Bitcoin wallet to the Bitcoin network. Bitcoin miners will then verify the transaction, putting it into a transaction block to be solved.

Then, you have to wait until the miners have finished mining for your transactions to clear, because it must be certified. The standard time for mining a Bitcoin is usually 10 minutes.

Once upon a time when many miners were able to process transactions free of charge, but this is likely to 'change' when block rewards for Bitcoin decreases.

¿Are we witnessing these undesirable 'changes' already?

Spreadsheet Analyzer

Yup! here's my Christmas gift for you buddies. Click over the image above and find a friendly online alt-coins spreadsheet analyzer to fulfill your clairvoyant curiosity. :)

And an even friendlier advice...

Of course, some coins will fail. It’s just the nature of every investment. When choosing a coin to invest in, look into the quality of its developer/s. How active they are in promoting and maintaining it. Current value, market cap, and accessibility on exchanges to help determine whether it will succeed or fail.

Therefore my brainy investor friend. ¡Yeah! Consider exercise and strength your financial muscles lifting weight upon a clear winner within the domains of alternative digital currencies. ¡Steem, SP & SBDs! ¡That's it! The gorgeous new kids on the block with an authentic “Proof-of-Brain” protocol to mine and create ultra fast processing and fee-less digital tokens and meritocratic wealth like no other existing so far.

¿What are you expecting for?

PoW & PoS are just crypto concepts and relics from the past. PoB is indeed the New Crypto Future for the humanity mates.

Well, at least, as long as our society remains composed mainly by ambitious social animals that usually keep their wallets stored inside the entangled entrails of their little heads. }:)

Yep, look who came to stay on TOP!


¿Are you now ready to mine sparkling Steem with a PoB shovel?

Leave a comment. Share your experiences and feedback. ¡Be part of the conversation!

This is a #discussion post!

A #discussion post is intended to spark an engaging conversation with the community. Everyone is encouraged to participate in the discussion below with thoughtful comments! Remember to upvote the comments that are adding value to the discussion. You can read more about the #discussion tag here: Hey Steemains - Let's start a #discussion!

«««-$-»»»

"Follows, Comments, Resteems & Upvotes will be highly appreciated"

Cranky Gandalf

Cheers!! :)

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