Money is an instrument that facilitates the exchange of goods and services, as well as serving the functions of a unit of account and store of value. For millennia humans have used precious or rare materials as currency, moving in recent times to what was called convertible money. Convertible money made use of media with no intrinsic value but more practical use (such as paper), and had convertibility
into precious metal guaranteed by the authority that issued such currency. Today's national currencies, called legal tender, have neither intrinsic value nor convertibility to precious metal or other materials, and consequently the only validity associated with them is that associated with their recognition by central authorities. Historically, the issuance of legal tender currencies by authorities was an extraordinary measure in times of economic and military crises or instability; however, since the final abandonment of the last vestiges of gold convertibility of the U.S. dollar in 1971, all the world's major monetary authorities have switched to perpetual issuance of legal tender currencies, leading to a gradual loss of purchasing power on the part of the users of such currencies.
Marco Amadori says, "...it is a distributed messaging system, which realizes a scarce, openly verifiable, chronologically ordered digital token according to principles of thermodynamics that realizes the shelling point of at least two functions: of the open source development community and industry" Bitcoin is digital money, open source, usable via the internet, even with one's smartphone. Bitcoins are not issued by a central bank but by an open-source global computer network that impartially verifies transactions and ensures their security. Bitcoins can be used by people, companies and automated systems without limits, at transparent costs, worldwide and online. This is because they do not represent value, but are themselves value, just like a precious metal: rare and useful, but digital. Unlike the Euro, bitcoins are not generated on a debit basis but on a job (cybersecurity) basis and are the first example of a pure digital asset. Bitcoin was born as a payment system and as a digital currency that is international and freely usable by anyone, person to person, without the interference of banks or financial institutions, and unencumbered by debt.
The Bitcoin payment network has been operating since January 2009.
For millennia, humans have sought increasingly sophisticated and functional solutions to the problem of information storage, preferring those that guarantee the inalterability and integrity of data.
With the invention of writing came the concept of the ledger, which consists of a ledger in which transaction information is kept in an orderly manner and guaranteed by a central authority that is potentially corruptible and individually attackable. Blockchain technology revolutionizes the concept of the ledger by endowing it with the property of decentralization, which, in conjunction with the underlying computing dimension, transforms it into a truly programmable and incorruptible platform in which to store unalterable, eternal and publicly accessible data, and on which to build revolutionary applications. With blockchain technology, all users are active players in sharing information, creating a distributed and unassailable network. The first application of blockchain technology is bitcoin, a cryptographic digital currency that relies on the network to record transactions that occur between users, indelibly and transparently.
"It is a system used to agree on a history of events between an indefinite number of (pseudo) anonymous counterparts" Giacomo Zucco
Satoshi are the smallest fractions of a Bitcoin. They are named after its creator, Satoshi Nakamoto. One Bitcoin can be divided into 100 million Satoshi, which means that 1 Bitcoin is equal to 100 million Satoshi. This is useful because it allows for smaller transactions, even when the price of a Bitcoin is very high. For example, if a Bitcoin is worth €50,000, you can still trade a very small fraction, even a fraction of a cent, using Satoshi. Satoshi are essential to enable precise transactions and microtransactions within the Bitcoin system, making it more flexible and efficient for users. These fractions allow for greater adaptability to changes in the value of Bitcoin and the diversity of users' transaction needs, whether for large commercial transactions or small everyday purchases.
The Lightning network is a scalability solution designed primarily for Bitcoin. It is based on a network of two-way payment channels between users, which enable instant and low-cost transactions outside the blockchain. These channels allow users to make direct exchanges without having to record each transaction on Bitcoin's main blockchain, thus reducing the workload on the network. Using smart contract technology, the Lightning network enables fast and reliable transactions because they are executed and confirmed by the users themselves rather than by Bitcoin's main network. This solution offers greater privacy, scalability and efficiency to cryptocurrency transactions, paving the way for new applications and use cases for digital money. The Lightning network is still under development and improvement, but it promises to solve scalability challenges and make cryptocurrencies more practical for everyday use.
It is an entire community as a laboratory for the development of a new way of experiencing money and its use. It will be possible to create new products and services starting from real needs. Generate international visibility by bringing Trentino to be a window on the near future of payments, electronic money and society more generally. Living in the #bitcoinvalley means living in an area where bitcoin is a real alternative to traditional payment systems. A 6,000 km² showroom where the first protagonists are the citizens of Trentino in the form of merchants, entrepreneurs and consumers. Bitcoin does not replace traditional currency but offers a real, secure and agile alternative to it. Just as bitcoin is open technology, the Trentino #bitcoinvalley initiative is also everyone's and for everyone's benefit.
Satoshi Nakamoto's identity has not yet been revealed, and probably never will be, as he is potentially not a person but a collective. A number of individuals have over the years claimed to be Satoshi, but none of them has been able to provide unequivocal evidence to support such claims.
Satoshi Nakamoto has no material power over Bitcoin, he simply devised and made open source (publicly searchable and verifiable) how Bitcoin works. The network is public, decentralized, and independent, so changes to its operation are decided by users, and funds cannot be stolen.
Bitcoin has never been compromised.
Such reports relate to malfeasance against traditional centralized computer systems underlying coin purses and online exchange platforms that have been "punctured" in their non-Bitcoin-related components. As long as bitcoins are stored
in a personal wallet, whose private key is carefully stored, offline or running on a secure computer, it is impossible for a thief to steal users' money.
The Bitcoin wallet is based on public and private cryptographic key pairs.
For simplicity, the private keys are encoded in a phrase called a mnemonic that allows access to retrieve one's funds in case one's smartphone is lost/broken.
The mnemonic is a set of words and should be saved and kept in a safe place.
Only you are in possession of this secret.
Yes, bitcoin is legally usable as a payment method in Italy and in a great many other countries around the world.
Yes, in Italy it is legal to accept bitcoin as payment, the important thing is to beat receipt or make invoice indicating the relevant amount in Euros.
Because the philosophy of the Orange Pill Beer project wants to stimulate the use of alternative money to fiat money but without forcing those who do not normally use Bitcoin to give up these fantastic beers!
You proceed like any other online e-commerce purchase, uploading the beers to the shopping cart and then, when you decide to proceed with the actual order, you can choose whether to pay with your Bitcoin lightning network wallet through the on-chain or Lightining network circuit (a dedicated QR code will be shown) or with a traditional credit card.
It only works if you have the can in your hand! just use your wallet lightning network App on your smartphone, frame the QR code on the can, and type in the unique code hidden in the label. For those of you who are new to the world of cryptocurrencies, we've made it even easier: just frame the dedicated QR code with your smartphone's camera to access tutorials that will walk you through the world of Bitcoin and guide you step-by-step through activating your wallet lightning network.
Each "Orange Pill Beer" label is unique in the world! Because, in addition to the unique code to access your cashback, its graphics are generated directly from the blockchain. This means you can collect the labels and access exclusive and confidential web content. In addition, each label offers you the chance to win and load new Satoshi to your wallet! Not only are you enjoying high-quality craft beer, but you are also entering a unique new world of opportunity. Buy now and join the Orange Pill Beer revolution!"
By filling out the format when ordering, you write the address to which the beers are to be sent.
Within a few days after payment, the beers will be delivered to your home directly by courier inside cardboard boxes.
Our beers can also be purchased at our AUTOMATIC DISTRIBUTORS, which you can find on this map, or at COMMERCIAL SERVICES and BARS, which you can find on this other map