Post
Topic
Board Bitcoin Discussion
Re: What Bitcoin unit look like in real life
by
suzanne5223
on 12/12/2022, 10:31:52 UTC
Google searches return a ton of articles discussing the blockchain system and the idea of mining. However, I've discovered that none truly respond to the query
The use of search engines like Google will only feed you with a lot of possible junk articles which are full of false information. This forum alone is enough for you to learn and understand what BTC is truly is.

What is Bitcoin?
Bitcoin is an innovative digital currency created to introduce the world to a new level of financial and investment possibilities while giving them the needed liberation.

I can produce a one-pound bill for a friend to grasp and inspect if they were to ask me, "What is a pound?" When he inquires about what a bitcoin is, what can I provide for them to review? Is there a list of figures I can print out and use as my reference? Alternatively, should I point to an entry on a public ledger and say, "There! That shows my bitcoin history!"

Basically, I'm curious to know what a bitcoin or any cryptocurrency unit looks like in real life.
You cant print BTC like the government print fiat, to generate a new BTC you'll have to mine BTC and BTC mining executes 3 different important jobs on the BTC network which are securing the network, making transactions go through, and generating new BTC. However, you need to show your wallet ledger or balance to anyone before teaching about BTC if you show your wallet history you're exposing yourself to physical and online attacks.