Story by Gareth Vieira
Photo by Manja Horner
What do I do with it?
How do I get it?
Can I spend it?
Who wants it?
These are the types of questions posed around Bitcoin and cryptocurrency which Laura Wilson will answer during a presentation at Coffee Public on Wednesday, December 6th at 7 pm.
Bitcoin is the largest cryptocurrency and worldwide payment system. It is the first decentralized digital currency. This may evoke apprehension in a newcomer, however, the concept of giving your hard earned money to a bank once seemed outlandish and now we do it without a second thought.
“I got into it back in April of this year,” said Laura. “I saw an article on Facebook that piqued my interest, so I started looking into it a little further.”
Since April when Laura delved into this Bitcoin phenomenon, the cryptocurrency has grown exponentially.
“I took a course that drew me down the rabbit hole. I was shown where to buy it. I was shown how to send it to other people and what to do with it once you have it. When I started the terminology was confusing, wallets, exchanges, public/private keys, it was enough to make you shy away. not to mention the fear of losing your bitcoin if you send it to the wrong address, you can’t retrieve it, so there is some risk, but I have learned what those risks are and how to mitigate them and what to do with it once you have it.”
Bitcoin was created by a person, or potentially a group, using the name Satoshi Nakamoto. Since its inception in 2009, there has been much debate surrounding it, but Laura says people are beginning to see its value as more individuals, companies, and organizations are beginning to understand Bitcoin as a store of value.
Laura hopes the talk at Coffee Public will be an extension of the long-running Bitcoin Bay group in Toronto and the first of many Port Hope-based learning opportunities.The initial meeting will be a general introduction looking at the history of Bitcoin, and most importantly, how you get started.
“If you wanted to buy some Bitcoin, you would need to have a wallet to hold it in so the first thing to do is show people types of wallets they can use.”
Laura resides in Port Hope and was raised in the area where she attended Port Hope High School and went to St Mary’s, so sharing this information that she has gathered is something very near and dear to her.
So, if the enigmas of cryptocurrency pique your interest and you are the kind of person willing to venture into the unknown and go down the proverbial rabbit hole, I suggest you attend this informative presentation. Laura Wilson is an engaging speaker (a Certified Bitcoin and Blockchain Professional) with knowledge on Bitcoin that she will be sharing free of charge.