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Ratio Freedom
ratiofreedom@getalby.com
npub17vad...a0n7
#Freedom researcher and #Bitcoin educator
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ratiofreedom 1 year ago
๐Ÿ”ŽWhy Bitcoin?๐Ÿ”Ž Today, the US government transferred $1 billion in #bitcoin from a seized account to an unknown address. This highlights why Bitcoin's transparency is vital for accountability, offering a clear view of fund movements, unlike traditional opaque systems. image
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ratiofreedom 1 year ago
๐Ÿ“– Bitcoin 101๐Ÿ“– Miners compete by: - Using the fastest and most efficient machines that can perform SHA-256 hashing algorithm - Searching for the cheapest sources of electricity in the world for this computation
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ratiofreedom 1 year ago
๐Ÿ“– Bitcoin 101 ๐Ÿ“– Unlike gold or cash, #bitcoin transactions, once confirmed by the network, guarantee authenticity. No counterfeit risks here as the network recognises, confirms and verifies transactions instantly.
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