Like anything in life, for us to better understand it, we need to acquire knowledge of that thing.

Blockchain and cryptocurrencies are no different.

In 2009 the world was introduced to the idea of a decentralized method of controlling your country issued currency by converting to Bitcoin.

Bitcoin is going through the Three Phases of Truth.

“All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.”

– Arthur Schopenhauer, Philosopher

  1. Bitcoin has been RIDICULED – because of how it was being used when it first came on the scene and people did not understand Bitcoin and the blockchain, Bitcoin was and still is being associated with nefarious activities.
  2. Bitcoin has faced strong OPPOSITION – in some countries, Bitcoin trading and use were banned by the governments of those countries.
  3. Bitcoin is becoming SELF-EVIDENT or WIDELY ACCEPTED – institutions who once called Bitcoin a fraud are now accepting Bitcoin as a form of payment. Governments are now identifying it as a Security to be Regulated and Controlled.

The information above is only a small snapshot into Bitcoin.

It is up to you to gain further knowledge of Bitcoin, blockchain, and cryptocurrencies so that you can make educated decisions instead of relying on what someone eleses opinion.

Regardless of whether you believe it or not, Bitcoin and other Cryptocurrencies are here to stay, and the sooner you start educating yourself about blockchain and cryptocurrencies, the easier the transition will be once it becomes the norm.

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