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    3. What You Need to Know About Bitcoin: A Simple Guide for Beginners

    What You Need to Know About Bitcoin: A Simple Guide for Beginners

    Posted By: First1
    Date: 29 Jul 2017 22:13:55
    What You Need to Know About Bitcoin: A Simple Guide for Beginners

    What You Need to Know About Bitcoin: A Simple Guide for Beginners by Florino Alfeche
    English | July 20th, 2017 | ASIN: B0744ZJ155, ISBN: 1521903115 | 36 pages | MOBI | 0.33 MB

    A simple introduction to Bitcoin. This book is a simple introduction to Bitcoin and assumes minimal technical knowledge.

    Although people refer to bitcoin as a decentralized digital currency, I prefer to think of it as an electronic asset, to sidestep questions around which government backs it and who sets the interest rate, which is often a mental block in understanding Bitcoin.

    As an electronic asset, you can buy bitcoins, own them, and send them to someone else. Currently (Sep 2015) there are around 14 million bitcoins that have been created, increasing by 25 bitcoins every 10 minutes or so, with an agreed limit of 21 million, the last of which should be created a little before the year 2140.

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