WHAT IS BITCOIN?

Bitcoin is software representing a virtual store of value and operates on a revolutionary technology called the Blockchain. A Blockchain is a continuously growing list of records, called blocks, which are "mined" by computers on the network and secured using cryptography. Computers "mine" Bitcoin by recording transactions on the network and then encrypting the records stored on blocks, so the information exchanged cannot be hacked. Bitcoin, and all other digital forms of currency utilizing the Blockchain technology, are referred to as crypto currencies. This Blockchain technology, however, can be applied for more than just currency. For example, can be used as a way to safely store records such as personal ID's or property titles and transfer them over the network fast, secure, and at minimal cost. There are many other applications for the Blockchain which we have only just begun to explore. In the near future, I see everyone getting paid in crypto currency and gaining coins from literally everything we do.

The beauty of Bitcoin is that it's a decentralized platformed, meaning there isn't a central bank or master computer controlling it. All those participating in "mining" and trading Bitcoin are part owner of the network. As more people join and the network expands, the greater the demand will be, hence why Bitcoin is continually increasing in value. Also, the software is written so that only a finite amount can be "mined", capped at 21,000,000 (21 million) total. This means that unlike ponzi schemes, such as FIAT currencies which are controlled by private banks, printed into existence requiring no energy to create, then loaned to us at interest while we're also forced to pay taxes on, Bitcoin is inherently deflationary. The way Bitcoin works is every computer that successfully "mine" blocks on the network is rewarded with a fraction of a Bitcoin. A coin can be divided down to 8 decimal places, therefore, 0.00000001 BTC is the smallest amount that can be handled in a transaction. Bitcoin is a Peer-To-Peer network, so you can send and receive Bitcoin anywhere around the world with minimal transaction fees and without the need for a bank.

Bitcoin is essentially digital gold. Anyone with a computer can download the mining program and create one or more "worker(s)" that join a pool of other "workers" on the network, each of them recording and encrypting data, then storing it on blocks and earning a fraction of a Bitcoin for their work. Every time one complete coin is "mined" from the network, the difficulty for completing subsequent blocks is increased, so more computing power and energy is required to create the next Bitcoin. So far, 16.7 million Bitcoins have been created since its start in 2009 and, on average, between 1,500 - 2,000 new Bitcoins are created daily. Even after all 21 million Bitcoins have been "mined", it's price will only continue to increase as more of the population realizes its potential and the only way to obtain Bitcoin will be to earn or buy it. In January 2017, Bitcoin was valued around $950 per coin, and people thought back then it was too high. At this time, Bitcoin is over $9,500 per coin... that's an increase in value of over 900%! If you would have invested $1000 in Bitcoin back in 2009, when the price was less than $5 per coin, your 200 Bitcoins would be worth $1,900,000 ($1.9 million) today. Believe me when I say that acquiring Bitcoin under $10,000 is still a bargain, because crypto currencies are about to go hyperbolic!

Those who think "they've missed the boat" with Bitcoin have yet to fully understand the potential of the crypto market. Less than 10% of the entire population is trading crypto currencies right now, so just imagine when 1 billion... then 2... then 3... and eventually more than 4 billion people globally decide to dump their rapidly depreciating FIAT currencies in exchange for the increasingly profitable crypto currencies. If any government tries to restrict crypto currencies, that will only increase the flow of capital to nations that embrace it. For example, let's say they make Bitcoin illegal here in America, that won't stop other countries from using Bitcoin and it will enrage all Americans who own and believe in Bitcoin. At this rate, Bitcoin will definitely exceed $10,000 before the end of 2017, and by this same time next year I expect Bitcoin to be around $100,000 per coin. In a few years, after the crypto market has completely devoured the old corrupt FIAT banking paradigm, anyone holding just 1 Bitcoin could potentially be a millionaire. This is the power of Bitcoin and the more people become familiar with the Blockchain, the more wealth we will create and distribute on Earth. Technologies such as the Blockchain is the future and will allow each of us to live like royalty, the abundance coming is truly boundless!

USI Tech Business Presentation
https://www.bitchute.com/video/VjpticGondTi/

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