As Brexit negotiations ensue, how will ongoing uncertainty affect the financial markets?
Nvidia: Worst Performer in the S&P 500 at the End Of 2018, Hasn’t Finished Selling Leftover Inventory from Crypto Boom
$4B Staked Funds in PoS Cryptocurrencies With EOS Topping the List, Says Latest Diar Report
Crypto Scores Big-Name Backer in Chicago’s Mayor: “Alternative Currencies Will Happen”
Ethereum Price (ETH) Trading Near Crucial Juncture Versus Bitcoin (BTC)
Lightning Labs Releases ‘Loop’ Feature for Bitcoin Payments Channels
Ethereum Price Analysis: ETH Turning Bullish, Targets Fresh Weekly Highs
Key Bitcoin (BTC) Investors Join Hands: Morgan Creek Funds Ikigai
Facebook Seeks Counsel to Forge Blockchain Partnerships for New Products
ZK Labs offers support to non-ICO projects through community audit initiative
This Short Animation Might Make You Think Twice About Taxes
HoneyMiner Launches Mining 101 Education Portal
CoinMarketCap Indices Listed on Bloomberg, Nasdaq
QuadrigaCX’s Legal Representatives Create Affected Users Committee
Backed By US$44M In Funding Singapore Crypto Exchange Startup Ecxx Gears Up For Launch
Government of Bermuda grants Omega One first cryptocurrency exchange license
Nasdaq, Bloomberg and Reuters Add CoinMarketCap Crypto Indices
Swiss Federal Assembly Approves Instructions on Cryptocurrency Regulation
BTC-e main accused Alexander Vinnik continues hunger strike as maximum term time is exceeded
THÉO Project launches Syná Desktop for fully integrated crypto wallet suite
Tony Robbins Explains How Bitcoin Works to His 3 Million Followers
If you’ve recently wondered, “What the heck is bitcoin, and how does it work?” then you’re probably new around here. Life coach, Tony Robbins, just explained all to his 3+ million Twitter followers, and just in time for New Year.
Tony’s Tweet links to a blog post on his website credited to ‘Team Tony’, which they must have written at the start of the year, based on the quoted bitcoin price ($9979).
Perhaps the bitcoin price 00 volatility at that time made him choose not to promote the post until now. Something must have stopped him because the guy seems to put virtually every thought he has on Twitter.
What the heck is bitcoin, and how does it work? Find out here. https://t.co/KkenntACZd
— Tony Robbins (@TonyRobbins) December 30, 2018
Anyway, the blog post suggests that trying to explain Bitcoin is like trying to explain the Internet in the 1980s. The difficulty being that Bitcoin is a brand new concept. Well to the majority of Tony Robbins fans it probably still is.New Year’s Revolution
After going into some detail on the basic tenets of what Bitcoin is, how it works, and the mining process, Team Tony tries to answer the question of ‘What separates Bitcoin from currencies that have gone before it?’
i.e. They try to explain its decentralized nature… and do a surprisingly good job of it.
No single bank, government, company or individual owns the network or has control over it. This means that your accounts can never be frozen, a government cannot devalue the currency, it can be used in every country…
Well, that’s got to sound pretty appealing, even to your average Tony Robbins fan; let’s hope they don’t…
Why Is This Important?
…more ominously, because of the anonymous nature of bitcoin, the technically savvy can avoid taxation and use bitcoin as payment for any kind of illegal good or service.
Despite slipping into FUD mode, the fact that Tony Robbins has tweeted about Bitcoin (and the timing) is significant. As one of the best-known life coaches in the world, Robbins has an almost fanatical devotion from his followers.
Introducing 3 million of them on Twitter alone – many of whom will not already be crypto-savvy – to Bitcoin at a time when people are thinking about financial plans for the coming year, could be a big deal indeed.
It also comes at a time as when Bitcoin awareness is also being spread by the likes of other influential figures like Jordan Peterson and even publications like Time magazine, which stressed that Bitcoin is important for freedom in the world.
Does Tony Robbins’ article do a good job explaining Bitcoin? Share your thought below!
Images courtesy of Shutterstock
The post Tony Robbins Explains How Bitcoin Works to His 3 Million Followers appeared first on Bitcoinist.com.