An illustration of Bitcoin and Cryptocurrency using the Bible and Christianity
Every Christian believes that the Bible is the Word of God.
Every Crypto Evangelist believes that cryptocurrency is the future of money
King James Version is the first officially accepted version of the Bible
Bitcoin is the first version of cryptocurrency
The Bible is freely available for anybody who cares to read, translate, modify and or redistribute. -- Open Source
The source code of the bitcoin software is freely available for the general public, and may be modified and or redistributed . -- Open Source
There are several versions of the Bible and christian denominations.
There are over 1,500 different cryptocurrencies on coinmarketcap.
There are several fake prophets and men of god -- owing to the lack of a central regulatory body and standard.
There are several sh*t coins, scamcoins and con artists. -- owing to the lack of standard. and a central regulatory body.
This is gradually changing as countries such as the United States, the EU etc, have started work in that direction and even obtained some conviction of criminals.
Nobody owns the Bible -- Anybody who believes the Bible is the Word of God and abides by it is a Child of God
Nobody owns Bitcoin -- Anybody who mines, own or use Bitcoin is part of the Bitcoin Network
Cryptocurrency simply means, a peer-to-peer digital money that uses encryption technique to generate more units, transfer, receive, store and verify transactions.
A man or group of people who went by the pseudonym, 'Satoshi Nakamoto' started the development of Bitcoin in 2008 and subsequently handed it over to what has now become the Bitcoin Foundation. -- bitcoinfoundation.org
The process of generating new units of Bitcoin is known as Mining. The process involves running a software on a computer that is connected to the internet that solves mathematical problems with 21 million solution.
Anytime a computer gets the right answer, it is rewarded with a Bitcoin.
Only 21 million bitcoins will ever be in existence. At the time of this post, 16,924,525 bitcoins have been mined. The last bitcoin will be mined in the year 2140. Yes, that's correct. 2140 is 122 years from today.
I believe cryptocurrency is the future of money, and this believe is strongly supported by fact that the the Venezuela has launched El Petro, Russia will be launching CryptoRuble, while some media organizations, including CNN has reported that China is also developing it's own national cryptocurrency.