Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Bitcoinโs creator, Satoshi Nakamoto, originally described the need for โan electronic payment system based on cryptographic proof instead of trust.โ Each and every Bitcoin transaction thatโs ever been made exists on a public ledger accessible to everyone, making transactions hard to reverse and difficult to fake. Thatโs by design: Core to their decentralized nature, Bitcoins arenโt backed by the government or any issuing institution, and thereโs nothing to guarantee their value besides the proof baked in the heart of the system. โThe reason why itโs worth money is simply because we, as people, decided it has valueโsame as gold,โ says Anton Mozgovoy, co-founder & CEO of digital financial service company Holyheld.
Telegram Be The Next Best SPAC
I have no inside knowledge of a potential stock listing of the popular anti-Whatsapp messaging app, Telegram. But I know this much, judging by most people I talk to, especially crypto investors, if Telegram ever went public, people would gobble it up. I know I would. Iโm waiting for it. So is Sergei Sergienko, who claims he owns $800,000 of Telegramโs pre-initial coin offering (ICO) tokens. โIf Telegram does a SPAC IPO, there would be demand for this issue. It would probably outstrip the interest we saw during the ICO. Why? Because as of right now Telegram looks like a liberal application that can accept anyone - right after WhatsApp and others have turn on the censorship,โ he says.
