{"id":2752,"date":"2024-10-22T08:34:07","date_gmt":"2024-10-22T08:34:07","guid":{"rendered":"https:\/\/apex-aiexperts.com\/?p=2752"},"modified":"2024-10-22T08:34:07","modified_gmt":"2024-10-22T08:34:07","slug":"what-is-bitcoin","status":"publish","type":"post","link":"https:\/\/apex-aiexperts.com\/es\/what-is-bitcoin\/","title":{"rendered":"\u00bfQu\u00e9 es Bitcoin?"},"content":{"rendered":"

Depends on who you ask. If it\u2019s Warren Buffet, he\u2019d say it\u2019s \u201cprobably rat poison squared<\/a>\u201c. (But then\u00a0invests in a digital bank<\/a>\u00a0that focuses on crypto.)\u00a0<\/p>\n\n\n\n

Unless you\u2019ve been living under a rock or never leave your sofa and just binge-watch Netflix shows all day long, you\u2019ve probably heard of bitcoin.<\/p>\n\n\n\n

Bitcoin is known as the original cryptocurrency<\/strong>.<\/p>\n\n\n\n

The first of its kind.<\/p>\n\n\n\n

Bitcoin is a new kind of \u201cmoney\u201d, a digital<\/em> currency that\u2019s designed to let you store, send, and receive \u201cmoney\u201d online sin<\/em> any banks or other financial institutions.<\/strong><\/p>\n\n\n\n

Unlike fiat currencies, such as the U.S. dollar or the British pound, Bitcoin is not controlled by any central bank or government. Instead, rules that govern its use and supply are controlled by software<\/strong>.<\/p>\n\n\n\n

In 2008, Bitcoin was created by a mysterious person calling himself, \u201cSatoshi Nakamoto<\/strong>\u201d.<\/p>\n\n\n\n

To this day, his true identity remains anonymous. Nobody knows (at least publicly) who Satoshi Nakamoto is.<\/p>\n\n\n\n

Since he\u2019s the creator of Bitcoin, I also like to call Satoshi Nakamoto the \u201cBitcoin God<\/strong>\u201d.<\/p>\n\n\n\n

The Bitcoin God could be a man, woman, group of people or even a highly intelligent space alien. Nobody knows!<\/p>\n\n\n\n

What we do know is that on Halloween (October 31) in 2008, Satoshi Nakamoto published a white paper titled \u201cBitcoin: un sistema de dinero electr\u00f3nico entre iguales<\/strong><\/a>\u201d.<\/p>\n\n\n\n

It was a 12-page summary of the Bitcoin God\u2019s creation. The white paper provided a technical overview of Bitcoin and described how it would all work operationally.<\/p>\n\n\n\n

\n

A white paper<\/strong> is a document written by a creator(s) of a crypto project that explains the project\u2019s purpose and  provides technical information regarding its underlying technology.<\/p>\n<\/blockquote>\n\n\n\n

In early January 2009, the first version of Bitcoin software<\/strong>, version 0.1, was released on an obscure mailing list<\/a>.<\/p>\n\n\n\n

The software controls the creation and use of bitcoins and imposes a fixed supply of 21 million. <\/strong>Bitcoins are created through a process called \u201cmining\u201d which now involves specialized computers competing to win a number-guessing game where the winning \u201cminer\u201d is rewarded with brand new bitcoins.<\/p>\n\n\n\n

About 19 million<\/strong> of those have been created (or \u201cmined\u201d) so far with the last bitcoin expected to be mined in 2140.<\/p>\n\n\n\n

Bitcoin\u2019s fixed supply is in contrast to traditional fiat currencies, such as the U.S. dollar, which can be created at will and in unlimited quantities<\/strong> by central banks.<\/p>\n\n\n\n

Bitcoin devotees believe that since there is a limit on the number of bitcoins that will ever exist, this scarcity <\/strong>is where Bitcoin gets its value.<\/p>\n\n\n\n

Satoshi Nakamoto made Bitcoin\u2019s source code open to the public<\/strong> and encouraged others to continue developing Bitcoin.<\/p>\n\n\n\n

\n

Open source software means the source code is not proprietary. Any developer can view the source code and modify it.<\/p>\n<\/blockquote>\n\n\n\n

Over time, the original source code was then refined by other software developers, many of whom worked on a voluntary basis similar to the volunteers that write and edit the pages of Wikipedia.<\/p>\n\n\n\n

In late April 2011, Satoshi Nakamoto sent one of the software developers a brief email saying, \u201cYo! I\u2019m out! \"\u270c\ufe0f\"\u201d<\/p>\n\n\n\n

Just kidding, The real message was, \u201cI\u2019ve moved on to other things.\u201d And then he disappeared, never to be heard from again.<\/p>\n\n\n\n

And the rest is history.<\/p>\n\n\n\n

Wait. What? He\/she\/they\/it just bounced?!<\/p>\n\n\n\n

Yep.<\/p>\n\n\n\n

Satoshi Nakamoto ghosted the Bitcoin community! \"\ud83d\udc7b\"<\/p>\n\n\n\n

I don\u2019t know how it feels to be ghosted but I\u2019m sure some of y\u2019all do and I\u2019m sure it feels horrible.<\/p>\n\n\n\n

But it\u2019s all good though, the disappearance of its creator wasn\u2019t fatal to Bitcoin.<\/p>\n\n\n\n

After more than a decade,<\/strong> Bitcoin continues to run strong, allowing users from around the world to transact in bitcoins with each other.<\/p>\n\n\n\n

The first known exchange rate for bitcoin was in October 2009. With $1<\/strong>, you could buy 1,309 bitcoins<\/strong>! \"\ud83d\ude31\"<\/p>\n\n\n\n

It wasn\u2019t until February 2011 when the price of bitcoin reached parity<\/strong> with the U.S. dollar, where $1 = 1 bitcoin.\"\u2696\ufe0f\"<\/p>\n\n\n\n

As confidence in Bitcoin grew, so did the demand for the cryptocurrency, which increased its price.<\/p>\n\n\n\n

In 2013, bitcoin went from $13<\/strong> a $1,157<\/strong>! A gain of 8,800%!<\/p>\n\n\n\n

In 2017, probably when Bitcoin finally lost its status as an \u201cunderground\u201d currency, started the year at $1,000 and almost hit $20,000<\/strong>\u2026before crashing hard.<\/p>\n\n\n\n

But Bitcoin has proven that it\u2019s hard to kill.<\/p>\n\n\n\n

In November 2021, bitcoin\u2019s price reached an all-time high at over $68,000<\/strong>. \"\ud83d\ude80\"<\/p>\n\n\n\n

What\u2019s crazy is that Satoshi Nakamoto still owns over 1 million<\/em> bitcoins! But while the Bitcoin God is now a bazillionaire<\/strong>, becoming rich wasn\u2019t the reason for creating Bitcoin.<\/p>","protected":false},"excerpt":{"rendered":"

Depends on who you ask. If it\u2019s Warren Buffet, he\u2019d say it\u2019s \u201cprobably rat poison squared\u201c. (But then\u00a0invests in a digital bank\u00a0that focuses on crypto.)\u00a0 Unless you\u2019ve been living under a rock or never leave your sofa and just binge-watch Netflix shows all day long, you\u2019ve probably heard of bitcoin. Bitcoin is known as the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,12],"tags":[],"class_list":["post-2752","post","type-post","status-publish","format-standard","hentry","category-beginners-guide-to-bitcoin","category-learn-crypto"],"_links":{"self":[{"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/posts\/2752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/comments?post=2752"}],"version-history":[{"count":1,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/posts\/2752\/revisions"}],"predecessor-version":[{"id":2753,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/posts\/2752\/revisions\/2753"}],"wp:attachment":[{"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/media?parent=2752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/categories?post=2752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/tags?post=2752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}