What is #bitcoin ? (Part 1)
▻https://hackernoon.com/what-is-bitcoin-part-1-1755b81984e8?source=rss----3a8144eabfe3---4
It’s easy to believe that you understand something just because you’ve heard the term a bunch of times. At the surface level, this is true. You know what a stethoscope is, because you’ve seen a stethoscope and have seen it being used.At a deeper level, however, there’s a knowledge of what a stethoscope is for. That is, a stethoscope allows you to listen to the sounds made by the body and get clues as to how it’s functioning. A kid may have seen stethoscopes and can maybe even identify one, but not understand what it’s for.Most people know Bitcoin at the surface level; they know that it’s a form of #money and maybe have even bought some. This article is for the people that understand Bitcoin at the surface level but want to understand it at a deeper level.ScarcityResources that are scarce tend (...)