Naveed Haider Malik

If No Bank Owns Bitcoin, Why Is It Still Working After 15 Years? $BTC.


In my first post I asked a simple question.

If no bank and no government owns $BTC and controls it, why is it still working?

I searched and found the answer. It's actually simple.

Bitcoin works because a bank is replaced by 3 things:

1. A shared notebook called Blockchain
Imagine a Google Sheet copied on thousands of computers worldwide.

When you send $BTC, all computers write it at the same time. No one can erase it because everyone has a copy.

2. Thousands of computers checking, not one manager. In a bank, one manager checks.In Bitcoin, thousands of computers check your transaction. If one computer lies, the other 9999 rejects it.

3. Rules are in code, not made by a person
Bitcoin's rules are written in software - only 21 million $BTC will ever exist, no fake coins can be made.
No single person can change these rules. More than 50% of all computers in the world must agree to change it. That's almost impossible.

So no one owns Bitcoin, but everyone follows the same rules. That's why it is still working since 2009.

Like the Internet no one owns the Internet but it still works.

But remember because there is no bank, if you lose your password or send to wrong address, no one will refund you. That's the real risk.

This is for education only, not financial advice.

Do you also think this is the reason $BTC is trusted? What do you think about $ETH and $BNB - are they also like this?

⚠️ RISK WARNING ⚠️
Crypto is volatile. Prices can go up or down.
This is for education only, not financial advice.
Do your own research. Only invest what you can afford to lose.
#CryptoForBeginners #ScamAwareness

$USDC is a stablecoin.

Its price is made to stay close to 1 US Dollar. Unlike $BTC, it is not made to go up and down fast.

Why does Binance use it for payments?
1. Stable value
2. Easy to convert to PKR in P2P
3. Accepted worldwide

You earn $USDC when someone clicks your $USDC or $BTC cashtag and trades within 7 days. Payout is weekly Monday to Sunday, paid by Thursday to your Funding Wallet. You need 0.1 USDC minimum.

I am learning about stablecoins. Not financial advice.

#LearnFromMistakes #Stablecoins

What is Bitcoin ($BTC) in simple words? For complete Beginners.

The world's first digital money.
No bank or government controls it.

but the question comes if no one owns and controls it why this is still working ?

3 simple facts:
1. Only 21 million $BTC will ever exist .
2.Borderless! you can send it to anyone in the world.
3. Decentralized : it turn on thousands of computers not one company.
this is for(beginner) education only. not financial advice.
Next will be on $ETH and $BNB
#CryptoForBeginners

I'm new to crypto.

I tried to buy BTC once but got scammed 😔
Since then I haven't done any trading. Too scared.

Just joined Binance to learn properly and to try "Write to Earn".

What's the #1 safety rule that saved you from getting scammed?

Comment your tips below so beginners like me don't make the same mistake 🙏

#CryptoPK #BinanceSquareFamily #ScamAwareness #writetoearn #Pakistan