Bitcoin Is Better Money
Channel: Musa The Giant!
Date: 2019-11-11

#bitcoin #bitcoinismoney #whatisbitcoin #cryptocurrency
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What is Bitcoin and How Does It Work?

Bitcoin is a *Global Decentralised Digital Cryptocurrency.* 

It was created and launched by someone who decided to call him/herself *Satoshi* *Nakamoto* back in January 3rd, 2009 . Nobody actually knows who Satoshi Nakamoto is.

Since Bitcoin is a *Decentralised Digital* *Cryptocurrency,* it means that is does not have one single point of failure, no one can shut it down, there is no Bitcoin Server or Building that you can shut down, it is completely distributed across the Internet.

Bitcoin is not controlled by any Bank or Government. Bitcoin is the kind of money that you can send and receive anywhere in the world within seconds without involving a financial institution like a Bank, PayPal, or Money Gram etc...

Bitcoin transaction fees are very small compared to bank transaction and monthly fees. Bitcoin transaction fees only apply when you do those transactions, there are no monthly fees for just having a Bitcoin account, also called a *Bitcoin Wallet.* 

 *Bitcoin is a system of FREEDOM* because it allows anyone, anywhere in the world to create a Bitcoin account/Bitcoin Wallet without having to produce any form of identity like an ID Book, Proof of Residence, or a letter from the council.

The only requirement for creating a Bitcoin account/Bitcoin Wallet is an email. It doesn't matter how old or young you are, as long as you have a valid email address, you can create your own Bitcoin account/Bitcoin wallet and have access to Bitcoin.

When you have your own Bitcoin Wallet on your smart phone/Tablet/Laptop/Desktop or any device with Internet access, you are essentially *your own bank* !

Compiled by:
Musa "TheGiant"
MusaTheGiant.com