Bitcoin Express by KnowIt Express audiobook

Bitcoin Express

By KnowIt Express  and David Neal
Read by KnowIt Express

Author's Republic
0.57 Hours Unabridged
Format: Digital Download (In Stock)
  • $4.97
    or 1 Credit

    ISBN: 9781982714857

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.

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Summary

Summary

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.

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Author

Author Bio: KnowIt Express

Author Bio: KnowIt Express

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Author Bio: David Neal

Author Bio:  David Neal

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Details

Details

Available Formats : Digital Download
Category: Nonfiction/Business & Economics
Runtime: 0.57
Audience: Adult
Language: English