I'm a bitcoin specialist

Why did I get monkey shit?

No, but I can teach you how to make money.

1. Decentralization - bitcoin is a competitor to the whole existing centralizedfinancial system, which is worth Trillions of dollars. bitcoin removes the middle man in the concept of money and transactions.
2. Deflation - The bitcoin supply inflation rate is halved every 4 years
3. Store of value - just like gold

Something new to Look at: Ethereum

SSits:

Focus on the blockchain system (rather than bitcoin and other crypto currencies) and you may be able to get a job with the syndicate of banks who have signed up to use blockchain payment and trade settlement processing. The days of Swift are fortunately numbered, as are a larger number of back office roles.

I don't think so, did you ever hear of Ethereum? Read about it as much as you can if you are interested in blockchain technology. You can't imagine the potential of this. Ethereum will revolutionize the concept of governance the same way bitcoin revolutionized the concept of money. Ethereum is a cryptocurrency just like bitcoin but was designed to support much more, with something called Smart Contracts, for example just recently there was the launch of the first DAO (Decentralized Autonomous Organization), this is a new concept of what we call a company and it's currently in crowd funding: daohubDotorg This is the beginning of a new era. Official site of Ethereum: ethereumDotorg

My honest opinion: If you fast forward 100 years, I think Ethereum will be the future of our civilization for money and governance. Bitcoin will be eventually the gold standard, it will be used more as a commodity / store of value (similar to gold today) and it will be always much more valuable than Ethereum, since Ethereum has more supply than bitcoin and Ethereum's inflation rate reduction is much slower than in bitcoin.

Kicking myself right now. Didn't read his post back then but I knew about cryptos, just didn't invest enough.

Well simply put. Blockchain is an online ledger where transactions can be stored safely and completed instantaneously .

http://lmgtfy.com/?q=what+is+blockchain

<span itemprop=name>EazyMuthaf.ckinE</span>:

My first question is what is blockchain? I've heard so much about it and it's earth-shattering possible uses, but I can't even define that term

Here's something a bit more layman. This is how I explain it in the most rudimentary way:

A blockchain is merely a recorded timeline showing transactions and the origins of each. It's a program stored on everyone's computer who has ever made a cryptocurrency transaction thru a downloaded client (the program, basically). So there is no single server or device where it resides - helping to eliminate fraud and make it very, very secure.

Its future successors, variations of the basic blockchain, will inevitably upend the entire world of transactions (all financial exchanges, data exchanges, and representation of value). This is because of their universal usability, lack of language or governmental barriers, extreme security, and deletion of significant transaction fees.

The fact that we know how many bitcoins will ever exist seems like one of the strongest cases for Bitcoin as a store of value