Activity Lesson 5

Proof of work:

Bitcoin mining is the process by which new transactions are added to the Bitcoin blockchain. Miners use specialized computers, called mining rigs, to solve complex mathematical problems in order to validate new transactions and add them to the blockchain. When a miner successfully adds a new block to the blockchain, they are rewarded with a certain amount of Bitcoin.

Since crypto is so new I felt this related to alot of us trying to figure this all out, its a rollercoaster with one minute btc going up and the next down but still in it for the long haul!

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BTC-Meme

BTC breaks the states monopoly over the creation of money and therefore value. It doesn’t care who you are, where your from or what you did, it levels the playing field


We need to hang in there :sunglasses:

This meme communicates the importance of having 100% ownership over my own assets whatever these are digital currencies, or other tokenized assets. FED and governments will have no other option to just accept BTC as it it and at that time they will try to come up with a plan how to use it for their own benefit.

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I picked this meme becuase the fire behind the woman represents down turn of the crypto market back at the beginning of 2020. Even though everything is burning around the woman. Person holding cigarette is lighting up which represents investors either buying bitcoin or holding onto their bitcoin while time are hard in the crypto market.

BTC compared to USD.

I see Blockchain technology as unbreakable bar handle being stuck into world monetary system wheel that has been rolling ever since created and the fear is higher every year since its lowering Centralised Treasury Departments Bureau value supply enormously with mass adoption.


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Bitcoin is a store of value, medium of exchange and unit of account , miners receive a reward for keep the network secure

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One of the valuable features of BTC is that it can be exchanged anywhere in the world without barriers to entry, counterparty risks, or interception. Hence, its neutrality.

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I found this one hilarious. Fiat is truly created out of thin air. Bitcoin uses PoW which is rock-solid.

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Find or create a meme that communicates an aspect of bitcoin (i.e… monetary properties, monetary policy, proof of work or neutrality). Post the meme/gif or a link and add a 1-2 sentence description of what aspect it communicates and why you think it’s effective.

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Repeating a process time and time again without success indicates that a change in thinking is needed. Bitcoin is obvious to anyone who is seeking truthful answers to a real money problem.

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This picture is why I like Bitcoin. It is distributed so that all can see what is going on. That way a few at the top don’t have a centralized secret control.

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This meme highlights the dilemma faced by those who understand the decentralized nature of Bitcoin’s proof of work system compared to trusting centralized banks. By emphasizing the sweat-drenched decision-maker, it effectively communicates the weight of the choice while humorously acknowledging the clear preference towards Bitcoin among those informed.

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Bitcoin doesn’t require anyone for it’s monetary policy.

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