Why Bitcoin?
Straight to the point! Watch this video and get the basics and benefits of Bitcoin in under 33 minutes. A must-watch for anyone new to Bitcoin:
Bitcoin – The Revolution of Money
Bitcoin is more than just digital money. It’s an open, decentralized financial system that operates independently of governments and banks. Here are the key benefits, briefly outlined:
- Inflation Protection: With a fixed supply of 21 million Bitcoin, it’s a deflationary currency.
- Independence: No bank can control or block your money.
- Censorship Resistance: Transactions cannot be stopped or censored.
- Global Currency: Bitcoin knows no borders – available worldwide, 24/7.
- Low Transaction Fees: Compared to traditional banks, Bitcoin transactions are often cheaper and faster (especially with the Lightning Network), particularly for large sums or cross-border payments.
- Security: The Bitcoin network is one of the most secure in the world.
- Transparency: Every transaction is publicly visible, yet remains anonymous.
- Self-Sovereignty: You have full control over your money – no reliance on centralized institutions.
- Portability: With your 12- or 24-word backup phrase, you can carry your Bitcoin anywhere in the world, all in your head.
Want to dive deeper into Bitcoin?
Explore these YouTubers for more insights into Bitcoin::
- Blocktrainer
- Was Bitcoin bringt mit Niko Jilch (from Austria)
- Robin Seyr (from Austria)
- Sunnydecree
- Bitcoin verstehen
- EinfachBitcoin
- Bitcoin Hotel
- derHelper
- The Bitcoin Podcast
- HalloBitcoin
- RobinHD
- Bitcoin2go
Check them out and dive even deeper into the Bitcoin universe!