Understanding Old Bitcoin (BC) in one article: Returning to the original intention of Bitcoin

12/25/2024, 1:51:50 AM
Beginner
Quick Reads
Old Bitcoin (BC) is a decentralized meme coin project based on the original vision of Bitcoin, aiming to restore the early openness and fairness of Bitcoin. Unlike Bitcoin, Old Bitcoin (BC) runs on the Solana blockchain, providing faster transaction speeds and lower fees. The project is collectively managed by the global community, abandoning the traditional centralized management model to ensure that every holder can participate equally.

Preface

Bitcoin (Bitcoin, abbreviated as BTC) has become the most famous digital currency in the world since it was released by Satoshi Nakamoto in 2009, and the trading price once surpassed the $100,000 mark. However, as the Bitcoin ecosystem continues to develop, the early ideals have gradually been overshadowed by market manipulation, institutional intervention, and the monopolization by the wealthy. Now, a new cryptocurrency called Old Bitcoin (BC) has been born, aiming to reignite the initial passion of Bitcoin—a decentralized, accessible digital asset world for everyone. With the efficiency and low-cost advantages of the Solana blockchain, Old Bitcoin is not just a tribute to the history of Bitcoin, but also a chance for the crypto community to be reborn.

What is Old Bitcoin (BC)?


Source:https://www.oldbitcoin.org/

Old Bitcoin (BC) is a memetic coin project based on the original vision of Bitcoin, aiming to restore the early openness and fairness of Bitcoin in a decentralized manner. The project is inspired by the original design concept of Bitcoin: to enable everyone to equally participate in the future of digital currency, not just a game for the super-rich and institutional investors. Unlike Bitcoin, Old Bitcoin (BC) operates on the Solana blockchain, providing faster transaction speed and lower transaction fees.

Old Bitcoin (BC) is not an ordinary cryptocurrency. It is controlled and operated by the community, abandoning the traditional centralized management model. The project's leadership is not composed of a traditional team, but is a collaborative effort of global asset holders. Everyone is equal, and everyone has the opportunity to contribute to the future of the project.

The token economics of Old Bitcoin (BC)

  • Total supply: 1 billion BC
  • Transaction Fee: 0%
  • Minting Permission: Revoked, ensuring decentralization

The token economics of Old Bitcoin (BC) is completely based on community control, without intermediaries and unnecessary transaction costs, ensuring that every holder can maximize profits. In addition, the minting permission of Old Bitcoin (BC) has been permanently revoked, meaning that the project will no longer arbitrarily issue new coins, thus maintaining the scarcity and long-term value of the currency.

Decentralized community governance

The core idea of Old Bitcoin (BC) is decentralization. There is no traditional CTO or core team for the project, and all decisions are made by community members. In this ecosystem, no one is a "boss", and every member is a volunteer, rewarded for their contribution to the community. Such a governance model allows every token holder to enjoy equal participation rights and can influence the future direction of the project.

The future potential of Old Bitcoin (BC)

Old Bitcoin (BC) embodies enormous growth potential. With the increasing market demand for decentralization and fair distribution, Old Bitcoin (BC), as a decentralized project, presents new opportunities to lead the cryptocurrency market. Leveraging the technical advantages of the Solana blockchain, Old Bitcoin (BC) is capable of processing fast transactions while reducing transaction costs, making it a competitive crypto asset.

The community also stated that the next step for Old Bitcoin (BC) will focus on establishing more infrastructure, increasing project exposure, and promoting its development through continuous community participation. Unlike other crypto projects, Old Bitcoin (BC) emphasizes long-term stability and continuous growth, avoiding short-term market speculation and volatility. Its core mission is to create a fair, open, and transparent cryptocurrency platform for holders.

How to buy Old Bitcoin (BC)?

You can trade Bitcoin in the Innovation Zone of Gate.io.

Step 1, register a Gate.io account: First, go to the official website of Gate.io, where you need to provide an email address or phone number to complete the registration and undergo identity verification.

Step 2, Deposit Funds: After logging into your account, select the "Deposit" option and choose to deposit fiat or other cryptocurrencies.

Step 3, find the BC trading pair: click on the 'Trade' menu on the Gate.io homepage, select 'Innovation Zone', and search for 'BC' to start trading.

Trade BC now:
https://www.gate.io/pilot/solana/old-bitcoin-bc

Summary

Old Bitcoin (BC) is not only a return to the history of Bitcoin, but also a brand-new project based on the concept of decentralization. With the efficiency and low cost of Solana blockchain, it redefines the value and potential of digital currency. If you missed the early investment opportunity of Bitcoin, now is a new beginning. Join Old Bitcoin (BC), seize the opportunity of cryptocurrency that belongs to everyone, and start your second investment journey.

Author: Molly
Reviewer(s): Edward
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
* This article may not be reproduced, transmitted or copied without referencing Gate. Contravention is an infringement of Copyright Act and may be subject to legal action.

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