Are Bitcoins and Unusual Hats the Future of Currency | Idea Channel | PBS Digital Studios
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A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers.Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009 when its implementation was released as open-source software. Can you still get rich with Bitcoin?
You can still get rich off of bitcoin without actually owning it. The smart way to do so would be to buy ancillary businesses that directly benefit from the bitcoin craze, no matter how well or poorly bitcoin actually does. Here are three ways bitcoin can make you rich without the nauseating volatility.
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