BITCOIN
No subtitle needed.
This currency hides some secret that I believe will never be revealed.
Like God Yahweh, powerful in three religions, even if with different names: in Islam, Allah; in Judaism, Yahweh; in Christianity, the holy trinity in one God borrowed from the Jewish Yahweh.
Never seen, like all the invisible gods, powerful, immeasurable, all-powerful, omnipresent, eternal, immortal, unknowable.
This is BITCOIN: invisible, powerful, immeasurable, all-powerful, omnipresent, eternal, immortal, unknowable.
Just as God has a spirit, BITCOIN has the blockchain.
Theories of money and currency have completely overflowed and surrendered to the indecipherable soul of BITCOIN: without backing, without monetary authority; with no known human origin, it seems like a spiritual entity since it is virtual. Bitcoin requires no kind of backing, no metals, no commodities, no nationality, no origin. Unlike the principles of international exchange currencies, it is not subject to disputes over political, geographic, or ideological borders. It is completely free and libertine. It breaks all the principles of validating theories about strong currencies and means of exchange that are current in all manuals ever written. It is not subject to inflationary effects, merely fluctuating according to the adjustments of its random convertibility. Therefore, it is not subject to the rules of Central Banks. It cannot be revoked, controlled, or even used as political control.
BITCOIN has shattered all conventions about the meaning and function of currency as a means of payment, with the effect of economic and political control. Bitcoin has proven that since the introduction of painted money, replacing silver and gold coins with a value in pesos, it has created true fiat currency, and it exists simply because it has a usefulness in representing values and goods, without any of the players being able to gain a greater advantage than any other player in the monetary system.
BITCOIN is the true MAXMIN, the cell point in the theory of fires where no player can win or lose more than the other player in the game.
When you make an incoming transaction in the cryptocurrency system, you seek a banking authority that interfaces your local monetary position with a fully encoded and encrypted record in the so-called blockchain, which is the encrypted accounting book, a kind of database that has a key for the holder of the cryptocurrency value position. It has a double-entry system: one for credit and one for debit. The third piece of information is the key for which the credit or debit transaction is intended. My question is: is there an auction for the sale and/or purchase of cryptocurrency, because the virtual authority must deliver currency when exchanging crypto positions for financial assets, and vice versa, entry into the crypto system consists of leaving currency in exchange for blockchain positions.
In the first case, there is no deposit into a current account in the banking system to enter and exit the cryptocurrency system.
If there is no such auction to settle cryptocurrency demands, then the secret of cryptocurrencies is revealed, which would be a banking authority that performs the exchange as if the cryptocurrency were another common currency.
Since I have never transacted in cryptocurrencies, I am forced to believe that there is an auction in crypto mining or mining when a withdrawal or deposit is made, which are exchange transactions with cryptocurrencies.
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