Bitcoin is moving from its Deceptive phase to a very Disruptive phase. This Blog is going to explain why, and what you may want to do. For starters, bitcoin is a digital currency. Bitcoin is divisible down to 8 decimal places, or 0. You can buy things with bitcoin, sell things for bitcoin, and exchange bitcoin for other currencies and vice versa.
At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer bitcoin 1 3, and reduces the need for lawyers in transitions… all good things. Much the same way email changed the way we thought of mail. Can you remember life before email? Bitcoin is following the 6Ds and is on a bitcoin 1 3 to go from deceptive to disruptive over the next 1 - 3 years.
Allow me to explain. Bitcoin is digitized money — it is a global, bitcoin 1 3 digital currency. Every bitcoin is traded, earned, sold, exchanged and bitcoin 1 3 in cyberspace.
Bitcoin software was released to the public in and for the bitcoin 1 3 few years has been growing in its deceptive phase. Few heard about it, few used it and accepted it. As described below by my friend Barry Silbert founder of Second MarketBitcoin is bitcoin 1 3 to enter its disruptive phase where its rate of acceptance and use will explode, as will its value. Bitcoin is eliminating or dematerializing the use of physical money bills and coinseven credit cards.
But more than that, it is also dematerializing read: Bitcoin eliminates middlemen banks, lawyers, exchanges and demonetizes the cost of transactions. It makes it cheaper to use, spread and share money. Bitcoin makes access to capital available to everyone, where there are no banks, no ATMs and no credit card suppliers.
Ultimately, as we move over the next 6 years to a world of 7 billion digitally connected humans, Bitcoin makes currency available to anyone with a connection to the internet. He provided an excellent overview of its near-term trajectory, summarized below. Here the software is released to public and most technologists and hackers started playing with the code. During this phase, there was no apparent value to currency yet; mining bitcoin 1 3 was easy and could be done by a single person on a MacBook or PC.
There was a lot of early hype and press around Silk Road where you could buy drugs. This spurs the first generation of bitcoin companies to build basic infrastructure: We are right in the middle of Phase 3 right now. Thousands of bitcoin companies are getting funding. Fall thru will like see the start of the Wall Street Phase. Here we will begin to see bitcoin 1 3 money acknowledging digital currencies as an asset class, and they will begin trading it, investing it and creating products around it.
This marks the start of the disruptive phase. When consumers feel it is easy, safe and secure to use bitcoin. Learn, do, teach… Go experiment!
Create a bitcoin wallet and buy some bitcoin. There is no better way to learn than by doing. Two bitcoin 1 3 the most popular platforms are:. For those of you in my Abundance Community, we will be discussing bitcoin 1 3 in more detail.
We will talk about how they work, how you start investing, how you mine, how you get involved, how to create a wallet, and how to begin acquiring bitcoin. If you want to sign up, go to www. Celularity Planetary Resources Inc. Bitcoin Going from Deceptive to Disruptive. What exactly is bitcoin? Two of the most popular platforms are:
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