Bitcoins are stored in addresses on the blockchain.
Remember the guy in Post #6 who created notes that didn’t represent actual value? Well if he creates too many, the money will eventually inflate and have less…
Last post I covered how money is created through deposits at banks. This technique is called fractional reserve banking. As a review, banks only store some of the…
Humans eventually figured out that precious metals made great money. Let’s take gold as an example.
Because not everyone wants apples. Dollars, on the other hand, can be exchanged for almost anything. They are widely accepted as a way to buy whatever you want. You can…
There are many strengths, but the biggest flaw I have discovered is how difficult it is to explain. I’m sure some people have a succinct elevator pitch or a well written tweet on the topic, but I have found that to properly explain…