Bitcoin Express
KnowIt Express · David Neal
جولائی 2018 · Author's Republic · بیان کردہ منجانب KnowIt Express
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آڈیو بک
33 منٹ
غیر اختصار شدہ
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اہل ہے
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reportدرجہ بندیوں اور جائزوں کی تصدیق نہیں کی جاتی ہے مزید جانیں
3 منٹ کا نمونہ چاہتے ہیں؟ کسی بھی وقت سنیں۔ یہاں تک کہ آف لائن بھی۔
شامل کریں
اس آڈیو بک کے بارے میں
Note: You MUST download the accompanying reference material PDF in order to go through the audiobook.
Are your still scratching your head...what is bitcoin? How does bitcoin work? In order to understand bitcoin, you have to understand the difference between currency and money.
Currency is a tangible form of money. In other words, money is intrinsic while currency is extrinsic. For example, paper can represent money; coins can represent money. In this case, currency equals those paper and coins as mediums of exchange. Currency has had an ever-evolving long history: from bartering with commodities like grains and livestock, to trading with stones and coins, and to using paper dollar bill money as we know of today.
The problem with the dollar bill or paper money is that the government can easily print more of this paper that represents money, and has been doing so...thus causing inflation with your paper money to worth less than it actually is. Contrast to gold, the government can't create gold like they do with printed money. The value is based on scarcity. There is only a limited supply of gold out there, maintaining its value; while paper dollar bill can always be printed, decreasing its value.
Bitcoin can be viewed as the digital version of gold because there is only a limited amount of it out there, and it's protected from inflation; nobody can come in and make more of it. Plus, the convenience of bitcoin is you don't have to carry it and worry about where you place it or if it gets lost like if it were physical money in your wallet or purse, but you can use it without actually needing anything on you because it's 100% virtual.
Do you now see the beauty and power of bitcoin?
Throughout history, it's always the early adopters who have an advantage over others to make it big. The bitcoin is still a wide-open territory. Now it's the time for you to jump on the bandwagon to get a piece of the pie before it departs...leaving you behind.
Are your still scratching your head...what is bitcoin? How does bitcoin work? In order to understand bitcoin, you have to understand the difference between currency and money.
Currency is a tangible form of money. In other words, money is intrinsic while currency is extrinsic. For example, paper can represent money; coins can represent money. In this case, currency equals those paper and coins as mediums of exchange. Currency has had an ever-evolving long history: from bartering with commodities like grains and livestock, to trading with stones and coins, and to using paper dollar bill money as we know of today.
The problem with the dollar bill or paper money is that the government can easily print more of this paper that represents money, and has been doing so...thus causing inflation with your paper money to worth less than it actually is. Contrast to gold, the government can't create gold like they do with printed money. The value is based on scarcity. There is only a limited supply of gold out there, maintaining its value; while paper dollar bill can always be printed, decreasing its value.
Bitcoin can be viewed as the digital version of gold because there is only a limited amount of it out there, and it's protected from inflation; nobody can come in and make more of it. Plus, the convenience of bitcoin is you don't have to carry it and worry about where you place it or if it gets lost like if it were physical money in your wallet or purse, but you can use it without actually needing anything on you because it's 100% virtual.
Do you now see the beauty and power of bitcoin?
Throughout history, it's always the early adopters who have an advantage over others to make it big. The bitcoin is still a wide-open territory. Now it's the time for you to jump on the bandwagon to get a piece of the pie before it departs...leaving you behind.
اس آڈیو بک کی درجہ بندی کریں
ہمیں اپنی رائے سے نوازیں۔
سننے کی معلومات
اسمارٹ فونز اور ٹیب لیٹس
Android اور iPad/iPhone.کیلئے Google Play کتابیں ایپ انسٹال کریں۔ یہ خودکار طور پر آپ کے اکاؤنٹ سے سینک ہو جاتی ہے اور آپ جہاں کہیں بھی ہوں آپ کو آن لائن یا آف لائن پڑھنے دیتی ہے۔
لیپ ٹاپس اور کمپیوٹرز
آپ اپنے کمپیوٹر کے ویب براؤزر کے ذریعے Google Play پر خریدی گئی کتابیں پڑھ سکتے ہیں۔
