What is the White Paper
Today Kelly and I want to talk about our mission.
One of our passions/missions is to educate people about bitcoin because we see this as a new evolution of money as well as being the transfer of wealth which, if you have any religious background, has talked about for a long time. It also feels like a step closer to another theory: One World Government, One World Currency. It seems like this could be the start of that era.
I saw an article about this other day that was written in 1986 what an amazing image, I think that gold coin around its neck looks a lot like a bitcoin – and that was in 1986. It certainly feels like that prediction is coming to fruition.
We are going to start at the beginning and the beginning for Bitcoin is the white paper that was written in 2008.
Satoshi Nakamoto is credited as the author of the white paper. Now we don’t know if Satoshi Nakamoto is a person a male or a female or a group of people when we look at the white paper we see the reference to the word “we” rather than I so there is a uncertainty as to who is Satoshi Nakamoto is. The bitcoin white paper was released in 2008 and what the white paper talks about is a new peer-to-peer currency and it was developed as a way to transact peer-to-peer without the need for a financial institution, the white paper talks about the technical details of how the system works and goes into the formulas, the reasons and the mathematics behind it talking about why we need a system like this also the fact that the Bitcoin blockchain is based on a trustless system meaning we don’t have to trust a third party we are trusting in the maths of the system. We will eventually have less need for our financial institutions as we become our own bank.
It came at a time when there was an all time low level of trust with governments and banking institutions. The Bitcoin white paper was released just after the global financial crisis and that came about because of the unsustainable loans, it came on the back of corporate corruptions, insider trading all sorts of things shenanigans going on in the financial sector so the timing was right and what we’ve been seeing is a massive amount of adoption over the last nine years although it’s been slow it has been steady and in the last 12 months we’ve seen a greater adoption because bitcoin is becoming more spendable but back to the white paper it talks about transacting key things .
Then it goes into techie details as it is an open source platform so even the code is in the white paper.
Bitcoin is about a decentralised system so when we’re looking at our banks you’ve got the single system (centralised) where the banks have their own database but if that database is hacked or corrupted then that database is fallible. With a decentralised system what we have is individual nodes across the globe working independently on verifying transactions so if all the nodes except one were to fail we only need one node for the bitcoin system to be up and running once again. This is the revolutionary kind of technology that is ‘blockchain technology’ and it is disrupting all sorts of industries banking and payment systems certainly we’ve heard lots behind the scenes uptake from the banking and government systems, although what we hear in the media is that government is anti-cryptocurrency. The reality is that they are trying to catch up with the technology and introduce regulations so that they can present it in a way that benefits them rather than us.
If you’re starting out in bitcoin it is very important to read the paper because you even if you go on Youtube and someones reading it for you, you really want your own interpretation of it because there are a lot of different interpretation even though they’re the same thing it’s kind of like the bible, everybody interprets things differently and they’re reading the same words so it’s very important for you to do that research for yourself because with the bitcoin and the ecosystem that it is creating it is about taking responsibility for yourself and your family its becoming your own bank and when it comes to money that is a huge responsibility put on you and it is time for all of us especially women to step up and be able to take control of that side of thing in our life.
It is time for us to step up and take responsibility for our finances if you are ready to learn more take a look at our masterclass with the adoption of bitcoin and blockchain technology absolutely it is your responsibility to get yourself educated because we believe this is the new evolution of money a transfer of wealth and the one world currency, the one world government although you know… that’s a little bit of a conspiracy theory but that type of conspiracy theory has been around for such a long time and it does seem to be playing out, and we’re all for that.. we’re 100% on board because we want to live in a world where we are in control.