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Everything you always wanted to know about bitcoin (but were afraid to ask)

Bitcoin has gone through bull and bear market hype cycles in its 11-year history. That it doesn’t just die and go away might be puzzling to casual observers.  

What is bitcoin anyway? It’s a parallel, open financial system with a new money that is strictly limited to no more than 21 million bitcoins (each divisible to 100 million satoshis or ‘sats’). 

More specifically, bitcoin is two things: a monetary token, and an open source payment network. The open source part means the code for bitcoin is out in the public for anyone to read, discuss, or contribute.

Everything you always wanted to know about bitcoin (but were afraid to ask)