This is more of an open letter to you who has stumbled across this website and is therefore interested in knowing more about Bitcoin and perhaps even start using it. I’ll start off with the question – what prompted me to start all this off?
Ever since I started studying Bitcoin and other virtual currencies in 2013, I was always frustrated by the gap between those who are more technologically-adapt than others and understood the basic workings of Bitcoin relatively quickly, and those who would perhaps like to learn more about it but are daunted by what initially appear as very complex workings and hocus-pocus stuff. Indeed, one of my main challenges while writing my Doctorate of Law thesis was simplifying the workings and functions of Bitcoin, whittling it down to a level where it could be understood by the man on the street, that same man who is proficient in other useful areas but perhaps not in Bitcoin. That’s fine, I thought to myself; it is, after all, the child of a marriage between technology and the economy which is extremely complicated and not yet fully understood to this very day (like most teenagers nowadays). But how long can we afford to keep this wonderful invention to ourselves and not share it with those who would benefit the most?
I have attended various seminars, courses and workshops on the subject, and every one of them starts off with a deja-vu moment – the inescapable question “What is Bitcoin? How does it work?”. In my presentation at the 2016 International Chamber of Commerce – Financial Investigation Bureauforum held in Malta in May, 2016, I was asked to explain Bitcoin and the blockchain to the attendants in thirty minutes. The presentation ended up taking more than an hour, with my desperate looks at the moderator being met by an encouraging nod as the audience erupted with questions and a rare thirst for more knowledge on the subject. That’s when I thought to myself that before scheming grandly about cryptocurrency adoption, of Bitcoin ATMs, of overthrowing financial institutions and of eradicating poverty, one should tackle the root of it all – explain exactly what Bitcoin, and more importantly, what the underlying blockchain technology brings to the table.
This is simply an effort to educate all those who wish to learn more, to experience the greatest shift in technology since the invention of the Internet, and to enter a new era in mankind. I am sure that right now you must be thinking that this is all elusive thinking, over-optimistic declarations that every salesman will try to pitch at the unwary prospect. All I will suggest is: take a look at what the giants in the technology industry are doing with the blockchain, and you will see for yourself that this is not a whimsical fantasy; now is the time to learn more about the blockchain. Feel free to contact us and we will be more than happy to help in any way we can to welcome you into this exciting new age.