Everything about bitcoin

Everything about bitcoin

Menu IconA vertical stack of three evenly everything about bitcoin horizontal lines. A 39-year-old man in The Netherlands, Didi Taihuttu, sold everything he owned in exchange for bitcoin.

After his father’s death, he sold his business and spent nine months traveling the world with his wife and three daughters. During his travels, he met people who were using digital currency. He thinks digital coins such as bitcoin and the blockchain technology behind it are transforming the role of money and banks in society. Taihuttu plans to keep his lifestyle until 2020, at which point he hopes bitcoin and blockchain will be irreplaceable and his wealth will be worth three to four times as much. Didi Taihuttu believes in bitcoin, and in a big way. The 39-year-old has put his house up for sale — selling it in part for bitcoin — and now lives with his family on a campsite near Venlo in The Netherlands.

All of his other items are for sale, too: the car, the motorbike, electric bikes, the children’s toys, clothing, shoes. With the proceeds, Taihuttu buys bitcoin and other cryptocurrencies, betting that it will make him rich. People will say,’You’re crazy,'” Taihuttu told Business Insider. But we are an adventurous family and are going to gamble for a moment to live minimalist lives.

If you never take a risk, life is boring. Taihuttu thinks digital coins such as bitcoin and the blockchain technology behind it are transforming the role of money and banks in society. With blockchain, no third party is required to approve a payment — a role currently performed by banks — and a network of computers keeps a record of all transactions. The Internet was a revolution for information. I think that blockchain and cryptocurrency are revolutionizing the monetary system,” says Taihuttu. In five years’ time, everyone will say: ‘We could have seen it coming. I am responding to this change now.

The couple have just returned from a nine-month world trip through Asia and Australia with their three daughters. The Taihuttus’ visits included Angkor Wat in Cambodia, swimming with dolphins near Brisbane, and relaxing on the beach in Thailand. Early last year, Taihuttu’s father, John, died from cancer aged 61. A year before, it became clear that the former professional football player was incurably ill. It was a difficult period,” says Taihuttu, who ran his own company offering computer courses in Venlo for 11 years. I sold my business and we decided as a family to go travelling. In Bali, he met a South African exchange trader who resigned after 17 years and went into crypto trading.