|Mr. Bitcoin Norway
Photo: Pål Nordseth
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Who is Mr. Bitcoin Norway?My name is Bjorn Kienholz Bjercke, and I have over 25 years of experience with IT solutions, of which 15 years are in the Banking and Finance sector. I read the Bitcoin whitepaper for the first time in early 2012 but my deep interest did not start before the summer of 2013.
My Goal and mission statmentWhat is cryptocurrency and why is it important?
Cryptocurrency is a digital form of money that is decentralized, meaning that it is not controlled by any central authority like a government or a bank. It is based on a technology called blockchain, which is a verification system of distributed ledgers that record and verify transactions without the need for intermediaries. Cryptocurrency can be used to exchange value, store wealth, and access various services online. It can also enable new business models, such as peer-to-peer lending, crowdfunding, and micropayments. Cryptocurrency is important because it can democratize access to the global market of goods and services. It can lower the barriers to entry for entrepreneurs, innovators, and consumers, who can participate in the economy without relying on intermediaries that may charge high fees, impose restrictions, or censor transactions. It can also empower people who are excluded from the traditional financial system, such as the unbanked, the underbanked, and the marginalized, who can use cryptocurrency to access basic services, such as education, health care, and social welfare. Cryptocurrency can also foster social impact, as it can enable transparent and accountable donations, remittances, and humanitarian aid.
What are the challenges of cryptocurrency and how can they be overcome?
Cryptocurrency is not without its challenges. One of the main challenges is the prevalence of fraud and scams that exploit the lack of regulation, education, and awareness in the cryptocurrency space. Fraud and scams can cause financial losses, reputational damage, and distrust in cryptocurrency. They can also hinder the adoption and innovation of cryptocurrency, as they may discourage potential users and investors from exploring the opportunities and benefits of cryptocurrency.
My ultimate goal is to eradicate all fraud and scams by using any legal means necessary.
I believe that this is not only my moral duty, but also a strategic necessity, as it will pave the way for a more inclusive, competitive, and innovative global market. To achieve this goal, I take the following actions:
• Educate the public about the basics of cryptocurrency, such as how it works, how to use it safely, and how to spot and avoid fraud and scams.
• I am collaborating with other stakeholders in the cryptocurrency ecosystem, such as developers, exchanges, politicians, regulators, law enforcement, media, and civil society, to establish and enforce standards, guidelines, and best practices for cryptocurrency.
• I expose and report scams to the relevant authorities and platforms, and help victims seek legal action against the perpetrators.
By ultimately eradicating scams, I hope to create a more trustworthy, secure, and fair environment for cryptocurrency users and innovators. I believe that this will lead to a more prosperous, diverse, and sustainable world, where innovation is the world's most important proponent for good.
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Mentions in Books:
Study BitcoinAs the central banks are starting to promote CBDC's, projected signs of "Study Bitcoin" and "Bitcoin fixes this", have popped up all over Europe.
The message is clear; Study Bitcoin and Bitcoin fixes this. Learn about the power of decentralization and fixed supply, and why it matters now.
Definition of BitcoinBitcoin is a digital currency that cleverly uses a combination of cryptography and decentralization for security and operates without a central authority such as a government or financial institution. Bitcoin transactions are recorded on a publicly distributed ledger called the blockchain.
Bitcoin has several characteristics that make it unique as a digital asset:
Definition of BlockchainA blockchain is a decentralized, digital ledger that is used to record transactions across a network of computers. Each block in the chain contains a record of multiple transactions, and once a block is added to the chain, the data it contains cannot be altered. This makes it an immutable record of all transactions on the network.
The key feature of blockchain technology is that it allows for secure and transparent record-keeping without the need for a central authority. Because the transactions are recorded and verified by multiple parties, it is difficult for anyone to cheat the system or manipulate the data. This makes it an attractive technology for a wide range of applications, including financial transactions, supply chain management, and voting systems.
Coinbase Transaction LaunderingDecoupling Bitcoins from Their Transaction History Using the Coinbase Transaction
Bjørn Bjercke & Keir Finlow-Bates 26 March 2020
The inspiration for the paper was a Halloween Linkedin post by Phil Millo
4th of January 2017 a person pays 50 btc in fees
Check out block 44663
What we need
Learn more about this space
The issue of electricity usage is covered from 41 min. into this film
Central Banks and CBDC - Central Bank Digital Currency
Are CBDCs the same as Bitcoin?
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