Sign Up On Binance:✅
The developing story of FTX and Sam Bankman-Fried is playing out like a Netflix documentary with each day being a new episode in real time. Crypto Twitter has alleged that Sam Bankman-Fried was on the run and tried to flee to South America. Others believed he tried to flee to Dubai. Cointelegraph reported that Bahamian authorities have Bankman-Fried and 2 other executives “under supervision.” Reuters reported that they reached out to SBF to ask him via text if he left the Bahamas. He said “Nope”. After lying to his followers continually on Twitter about anything pertinent to FTX, it would be very hard to imagine him answering “Yes, I’m on the run”. More and more high-level people are sharing their experiences with SBF and looking back for any red flags, and what they might have missed. Elon Musk took to Twitter to confirm a story about SBF investing $3 Billion into Twitter. Elon said that SBF set off his BS detector. As a guest on the All-In podcast, Brian Armstrong also suggested something was off when he compared Coinbase’s revenues to that of FTX but for whatever reason, SBF had substantially more cash for donations, corporate buyouts, etc.. being heralded in the media as the ‘White Knight’ of Crypto. In his all-in podcast, Chamath Palihapitiya also shared his own experience with Bankman-Fried, but instead of focusing on SBF, Chamath went deeper into the subject and believes there’s a systemic issue at hand that needs to be dealt with immediately.
Bitcoin is a decentralized cryptocurrency initially described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.
Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”
Some concepts for a similar type of decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.
What Makes Bitcoin Unique?
Bitcoin’s most unique advantage comes from the fact that it was the very first cryptocurrency to appear on the market.
It has managed to create a global community and give birth to an entirely new industry of millions of enthusiasts who create, invest in, trade and use Bitcoin and other cryptocurrencies in their everyday lives. The emergence of the first cryptocurrency has created a conceptual and technological basis that subsequently inspired the development of thousands of competing projects.
The entire cryptocurrency market — now worth more than $2 trillion — is based on the idea realized by Bitcoin: money that can be sent and received by anyone, anywhere in the world without reliance on trusted intermediaries, such as banks and financial services companies.
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CREDIT:
$500 Bonus On Binance:✅
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