What is BTC?

[Link: bitcoin.org]

This is the White Paper that started it all. 9 pages not overly technical.

Basically BTC is digital scarcity. There will only ever be 21 million BTC ever produced. 18 million are currently out there now and 6.25 more are spit out every 10 minutes when each block is "mined". The last BTC is estimated to be mined in 2140.

The mining im less understanding of but basically it is incentive for people like you and me to prove every transaction on the BTC block chain. For your effort you get a part of the 6.25 BTC (which halves every 4 years). You cant compete mining so dont even bother. You can run a node though to strengthen the network.

Theres no goverment and theres no corporation. Just a world wide network of computers running the BTC open source core verifying every transaction on the block chain, all out in the open for anyone in the world to see and verify.

It is traded on exchanges 24/7 365.

The next rabbit hole is hardware wallets. After you purchase BTC on an exchange, if you want you can transfer to a hardware wallet. This is offline cold storage and you can have billions $$$ USD in the palm of your hand.

For a few pennies you can send billions of $$$ or hundreds of $$$ anywhere in the world at the speed of light.

It cant be hacked*, nobody owns it everybody owns it. Its divisible to 100,000,000 Satoshis per BTC.

Its already changed the entire world and hardly anyone even knows whats coming.