Just 10 years ago, on 31st of October 2008, the 
Only a couple of months after the release of the whitepaper, on 3rd of January 2009, the
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.
The text refers to a headline in The Times published on 3rd of January 2009. This note has been interpreted as both a timestamp of the genesis date and a derisive comment on the instability caused by fractional-reserve banking.
The first open source
One of the most notable transactions in
Content referenced from Wikipedia. Continue reading here...
While the point of this post is to give you a brief overview of the history of
BLOCKCHAIN - The blockchain is a shared public ledger on which the entire
TRANSACTIONS - A transaction is a transfer of value between
MINING - Mining is a distributed consensus system that is used to confirm pending transactions by including them in the blockchain. It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a block that fits very strict cryptographic rules that will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all the subsequent blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively to the blockchain. In this way, no group or individuals can control what is included in the blockchain or replace parts of the blockchain to roll back their own spends.
Content referenced from Bitcoin.org. Continue reading here...
Now that you have a basic understanding on how
The functions that both money and currency serve, are almost exactly the same, with only one exception...
Money is also a store of value, while currency is clearly not. Just for serving that function,
While new coins are being found as a reward for every block found (currently at 12.5 BTC/block), the rewards are cut in half every approximately 4 years, significantly slowing down the creation curve of new coins, until the total supply will be mined out. In other words, over time, less and less coins will be created, and with a steadily increasing demand, and a steadily decreasing supply, the value of each coin can only increase, therefore allowing it to be a store of value.
On the other hand however, the fiat currency that we use on a day to day basis in not nearly as transparent or trustworthy as
The hard earned currency that you sometimes afford to save should go up in value over time, not down. Not even the interest you get from your bank can keep up with inflation, so year after year, you have less and less wealth stored - crazy when you think about it, right?
Learn more about Money vs Currency by watching Mike Maloney's Hidden Secrets Of Money here...
Although I know it's a lot of information, a lot to process and think about, and that it seems very doom and gloom, since the invention of money, civilizations have faced boom and bust cycles of their monetary systems, and the best thing to do right now is to prepare yourself. To learn about how our current monetary system works, as well as what doesn't, and what are the ways we can fix it. Start investing into your knowledge, so you have the necessary tools to also invest your wealth when you will be ready...
To help you in your journey of financial education, I have linked several sources throughout this post, with very useful information on certain topics, and I highly encourage you to go back and read through them, as I am sure you will find the content to be very informative.
Next time I will be posting, now that you have a basic understanding of how both
If you found this information to be useful, and decide to show your support in any way towards me, then I think a simple upvote on this post would be enough for now, and also a follow on the blog 