Monday, July 17, 2017

Bitcoin Thoughts

My thoughts on Bitcoin.... I just write randomly... So, I might not make much sense lolz.

I love Bitcoin but it seems that I can't understand all of the things that involve it. I mean there are lots of terms that I don't understand. It seems I will always be behind when it comes to the topic of Bitcoin lolz.

I am reading lots of tweets and I can't really participate because I don't understand 5 or ten terms. I just know that UASF (User Activated Soft Fork) will really happen on August 1, 2017 and there are different scenarios that can play out. But, of course I think Bitcoin will still survive this. Whatever happens, I'm still going to the bitcoin that the Bitcoin Core developers are coding for.

I don't know why there are those people intent on removing the Core developers lolz. I mean I see everything as an art or craft. These Core developers are excellent , super great, A class, at what they do. I don't know what word to describe how I look up to these people (even though I don't know all of them by name or what they've contributed), I mean, Bitcoin has been running non-stop for 8 years.

I don't understand the Bitcoin code itself, but I understand that there was no problem with the code ever since it ran in 2009. That's an amazing feat. If I'm going to compare them to Naruto ninjas, they are S-rank ninjas. Highly skilled. Why would anyone want to create their own team and create an alternate bitcoin code? For sure they don't have the users in mind, they just want to have something that could help them with their own interest in the matter.

Anyways, I'm going to use this blog as my notebook for all the things I learn about Bitcoin. Since there are only two of us in my social circle who are interested in Bitcoin, (my cousin doesn't blog), this blog can be useful for those who are only starting out with it. I'm sure that when bitcoin catches on with the masses, my relatives and friends would want to know what is it about and this blog may help them a little with their research. I haven't even written my comprehensive "what is bitcoin" article lol. I will have to start there and I may link to lots of websites for just that one. Or maybe create just a short article of why they should care about Bitcoin.... 

Those people who wish Bitcoin would disappear, cannot uninvent this thing. It will forever be here. It's a code, it's block chain, one thing I know in tech, you should make multiple copies lolz. I'm a conspiracy theorist, so I think Bitcoin is being attacked on all sides, code, network, people... I'm still excited to see what happens when I wake up on August 2, my time. This is a historic event, well I guess everything that happens in Bitcoin is historic, nothing like Bitcoin ever existed before. That's why I admire Satoshi Nakamoto so much and the people he cited in the white paper... Even if I don't completely understand this, I just believe that this is the best thing that was ever invented during my lifetime...

My cousin think that Bitcoin will be defeated by the powers-that-be in the future, but we have the time now to take advantage of this. One of my favorite quote from satoshi was when he said: “but we can win a major battle in the arms race and gain a new territory of freedom for several years”

Bitcoin for me is freedom. "They" will never ever control it and they cannot control all the people involved or using it. They can do all the psy ops they want, the good thing about Bitcoin is it's open and everything is discussed in public, nothing is hidden. I think that's the best way to determine if the person is on your side or not, by the actions they do, if it's good for Bitcoin, then he is on your side, if it's not, then he's an enemy.

I want to write things about Bitcoin but when I start, I find out, I don't know everything about it and I need to research and then there are new things to learn and need to start over again. It's like a never ending layer of info I need to learn lolz. Anyways, I will start with the basics, I am so late in the game but I really want to learn this, it just takes time and lots of reading and watching and comprehending lol.

Well, I guess I don't really have to learn all the technical stuffs, I mean it's like how I use this computer and the electricity, I don't know how this computer works, all i know is that when i turn the power button on, it works and I can do stuffs on my computer... When I turn the electricity on, I have no idea HOW the power travel from the power plant to my home, but I know that when I turn the switch on, I have light.

However, Bitcoin is so fascinating to me, that I think I want to learn everything about it...

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