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Hey, what's going on everybody, my name is Ray, they call me the ray of light. And as because I shed light on this amazing future that we have in front of us today, today, I want to talk about what is Bitcoin? Right? It's the most popular cryptocurrency out there. I'm sure you heard of it, if you're looking into this space, but Bitcoin was created in 2009, by Satoshi Nakamoto it to be a peer to peer Electronic Cash System, right? Really, no one knows who Satoshi Nakamoto is? Or even if it's a group, right? So that the the actual origins of Bitcoin still a mystery. So that's kind of very cool about the Bitcoin Blockchain, right? Today, many people use Bitcoin as a store of value, kind of like what people did with with gold or silver or something like that. But, you know, how does Bitcoin work? Right? Bitcoin is built on a blockchain and therefore is decentralized, immutable and open. It's also hard cat, there will only ever be 21 million Bitcoin ever created. There's he can't, he can't make any more. You can't counterfeit it. There's a like I said, amazing technology within the blockchain itself is that you can't double spend it, there's, like I said, there's a lot of cool thing called a lot of cool features that you can't get in the Fiat world. single purpose, it has a single purpose. Many holders just want it to be a token that stores value, right? Why wouldn't you want something where you could go put whatever Fiat anything, and it always holds it value, its value, not only holds it, it increases? So another one, it's pretty cool about how kind of Bitcoin was built, very focused, right? But people can obviously split off and do different things with Bitcoin, but the main focus is a store value, right? So Bitcoin is arguably the most secure and decentralized of all cryptocurrencies. However, it can only support three to seven transactions per second. This is good enough for its primary use case of storing value. But projects like stacks and lightning are working to let Bitcoin do more things. You can read more about Bitcoin, it might be a good store value for you. This isn't financial advice. But, you know, like, like all like we say all the time, is do your own research. You can look all over the internet for information about Bitcoin, but it's up to you to kind of make your own decision, if that's what you want to make Bitcoin is a store of value for yourself. Right? So, the history of Bitcoin, a little backstory in 2008, we talked about Satoshi Nakamoto. It's a pseudonym. Like I said, no one knows who that is. He published a white paper that outlined a plan for a new electronic cash system that's fully peer to peer with no trusted third party. That's the real beauty of that of what Bitcoin is 2009 the first Bitcoin was mine. Alright 2010, a programmer named Laszlo Han yets. And I'm doing if I miss up his last name, apologies. But Laszlo Hanley, Hendrix makes the first Bitcoin transaction buying to Papa John's pizzas for 10,000 Bitcoin at today's value that's around maybe a little over $300 million for two pizzas, right, we talked about in our group Majan if there was an NFT for that transaction, pretty cool. 2013 Bitcoin experiences several controversies including the collapse of Mount Gox exchange, and the seizure of 26,000. Bitcoins, from Silk Road, a black market exchange for for for Bitcoin. A little quick point I do want to mount a mention about Mount Gox how they say Bitcoin was hacked, the blockchain was not hacked, a centralized exchange that had everybody's passwords and seed phrases. That's what was hacked, right. That's just like you getting on my computer, the blockchain it for Bitcoin was not hacked, right? Just a little caveat there. 2017 bitcoin cash is created as a fork of Bitcoin with larger block size to enable faster peer to peer transactions. That's why you see a couple of different bitcoins out there. 2021 Big shout out to our El Salvador, El Salvador co becomes the first country to to adopt Bitcoin as legal tender. Right? Very cool. Like you're starting to see mass adoption is happening. And, you know, it's only going to continue to happen because this old fiat system, it's not going to sustain things are going to start moving into this digital type currency. And, you know, I think we'll see a hybrid of it. But let's cover next we're gonna go over the second most popular cryptocurrency and it's called Aetherium. Right? Aetherium real quick is also something where everybody builds on. It's the digital real estate of this of this new system that you're starting to see being built. So next one, we're going to talk about Aetherium Thank you for watching. Check us out. Like Subscribe, and Share this video. Take care bye

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