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Tony Robbins uses the personal blog to explain Bitcoin to consumers
The problem with investing in the cryptocurrency industry this year was mainly the lack of information. There are a lot of people who are already investing in the industry, but consumers who do not know the bitcoin and the rest of the industry tend not to invest more. Tony Robbins he acknowledged the shared problem on a Twitter post today, December 30thth, 2018.
The post said,
"What the hell is bitcoin, and how does it work?" Find out here. "His post links directly to his personal website, where the New York Times bestselling author n. 1 has described the information that consumers need to know about Bitcoin. Call Bitcoin a "new concept"
Noting that the lack of understanding is mainly due to the lack of information.
It starts easily, with Bitcoin classified as a cryptocurrency. Explain the concept of a cryptocurrency, adding,
"The value of bitcoin fluctuates wildly based on supply and demand and its perceived value."
The blog notes that the current value is $ 9979 for Bitcoin, although this is a sign that the blog is quite old, considering that the last time Bitcoin held that value was more than a year ago. Today, at 5:45 pm PST, Bitcoin is priced at $ 3,845. Robbins notes that Bitcoin is limited in its offer, since more than 21 million Bitcoins will never be created.
The next, Robbins takes the blockchain, explaining that the record of each transaction is held on this public ledger. Working out, the article said,
"It's a bit like solving a riddle in a computer game that reveals a part of the game that was previously inaccessible." In exchange for solving these problems, the computer owner receives bitcoins. "The mathematical algorithm adjusts the difficulty level so that the bitcoins are not released in the world too quickly.This process is known as mining. "
He says that anyone with a computer and the ability to "solve an algorithm" can use my tokens. Miners have increased during the last year and miners receive rewards for transaction validation. Robbins also notes that bitcoin is different from the currencies of the past as it is decentralized.
A decentralized currency is managed by people on it rather than by a single entity. Accounts can never freeze, a central power can not alter value and can be used anywhere. At the time of the article, Robbins claimed that these digital assets can not be taxed. However, a note from the editor says
"Bitcoin is currently taxed as fixed capital in the United States, and bitcoin-producing miners must declare the fair market value of their digital currency on the day it was extracted as income, as do contractors who are paid in bitcoins. ".
The article concludes with a reflection on the reasons that have led Bitcoin in the latest news. However, since the article, the industry now knows that there are many reasons why Bitcoin has been in the news, including volatility, theft and the current debate on the true price of the fund . However, end up on this note:
"If the adoption of bitcoin continues to grow, the financial structure as we know it will be modified, but nobody knows how."
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