Bitcoin Global on Clubhouse

Description

Bitcoin (Data+Money) is hard, sound money as a cash commodity in the form of peer-to-peer nano-transactions which are established as a private exchange of a tokenized security issued as a fee-for-service to a network of honest mining nodes who are economically incentivized to compete within a lawful system for the right to secure and preserve an immutable yet amendable entry in a global, public, scalable, triple entry ledger of account.

“The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime.  Because of that, I wanted to design it to support every possible transaction type I could think of.” — Satoshi Nakamoto

“The design supports a tremendous variety of possible transaction types that I designed years ago.  Escrow transactions, bonded contracts, third party arbitration, multi-party signature, etc.  If Bitcoin catches on in a big way, these are things we'll want to explore in the future, but they all had to be designed at the beginning to make sure they would be possible later.” — Satoshi Nakamoto

“The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user runs their own NNTP server. The design supports letting users just be users. The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms. The rest will be client nodes that only do transactions and don't generate.”
— Satoshi Nakamoto

“The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling. If you're interested, I can go over the ways it would cope with extreme size.”
— Satoshi Nakamoto

*The vast majority of “crypto” is a scam.