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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
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Understanding so many principles yet still not living this life well,
It is because the threshold for understanding the principles of life is very low,
However, it's difficult to do it according to reason.
In simple terms, Bitcoin is a type of network virtual money, which is different from the Renminbi or US dollars we use in our daily lives. It has no physical form and only exists in the online world. You can think of it as a special digital asset, similar to rare items you own in a game; however, Bitcoin can be exchanged for the currency of most countries in the real world and can also be used to purchase certain items.
Bitcoin was created in 2009 by a person (or organization) using the pseudonym Satoshi Nakamoto. At that time, the global economy was quite unstable, and people had some concerns about traditional currency and financial systems. Satoshi Nakamoto wanted to create a completely new currency that would not be controlled by traditional financial institutions like governments or banks, allowing people to trade more freely. And thus, Bitcoin was born!