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What is Bitcoin?

Bitcoin - BTC   BTC Website

Bitcoin is the original Blockchain created on Jan. 9, 2009 by Satoshi Nakamoto

Bitcoin is not controlled by any government or bank.

But it can be outlawed by the government

How the US government seized all citizens’ gold in 1930s     Executive Order 6102


Bitcoin uses cryptography for security

Bitcoin can transfer value between two parties without an intermediary

Bitcoin mining is the process of solving mathematical puzzles that verify the blockchain data.  Rewards are in Bitcoin.

There will only be 21 million bitcoin in existence.

There are over 19 million Bitcoin in existence now.

The Lightening Network is a secondary layer on the Bitcoin blockchain where transactions are faster and less costly than those directly on the Bitcoin blockchain.

It is the lightening network that will possibly make Bitcoin like a reserve currency.

The Best Frequently Asked Questions About Bitcoin, Blockchain and Cryptocurrencies


Deep Dives into Bitcoin and the Lightening Network

What is Bitcoin, and how does it work?

What is the Lightning Network in Bitcoin, and how does it work?

Bitcoin Timeline

2007 Satoshi Nakamoto begins work on bitcoin code

Oct. 18, 2008 domain name is registered

Oct. 31, 2008 Satoshi Nakamoto publishes Bitcoin: A Peer-to-Peer Electronic Cash System

Jan. 9, 2009 the Genesis Block is created and Bitcoin comes into being.

Bitcoin was created in response to a financial crisis

Embedded in the genesis block are the words "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

(Pull up the S&P 500  open to full screen, click on 5 yr time frame and left click and drag the chart to that time: The Great Recession (2007-09)


​Recommended Bitcoin Reading


Who Is Satoshi Nakamoto? @

Satoshi Nakamoto @

Michael Saylor on Bitcoin

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