Bitcoin is a digital asset designed by its inventor, Satoshi Nakamoto, to work as a currency. It is commonly referred to with terms like digital currency, digital cash, virtual currency, electronic currency, or cryptocurrency.
Traditional form of money involves bank fees and is controlled by the government. Though this financial
oversight is necessary to enable secure transactions the complexity has risen manifold. Most of the time this
complexity turns away a great idea from becoming a reality. Moreover, according to Businessweek, half of
the world doesn’t own a bank account and are happy with that. This makes lending money even more
difficult. Consequently, addressing societal problem becomes time consuming and difficult. With the rise of
mobile and internet, a new form of currency known as crypto currency is presenting a new, democratic way
of leveraging the power and reach of internet and mobile to solve poverty and unemployment. This
academic research paper will analyze the power of crypto currency specifically the Bitcoins to solve current
social issues by the growing breed of radical social entrepreneurs known as Bitpreneurs.
Nuv Mining is the world's leading hashpower provider, offering cryptocurrency mining capacities in every range - for newcomers, interested home miners, as well as large scale investors. No longer it is required to buy expensive equipment and waste your time on setting it up.
The most epochal financial transaction of this century, to date, occurred on May 22, 2010. It did not involve Wall Street, or the City of London; it took place in Jacksonville, Florida.
www.coinxtrading.com , wwww.coinxtrading.biz,
COINX TRADING LTD
Coinx Trading - Marketing - Business Plan - Binary Compensation Plan ,Affiliate Marketing Plan
Coinx Trading - Marketing - Business Plan
Email: support@coinxtrading.com
Traditional form of money involves bank fees and is controlled by the government. Though this financial
oversight is necessary to enable secure transactions the complexity has risen manifold. Most of the time this
complexity turns away a great idea from becoming a reality. Moreover, according to Businessweek, half of
the world doesn’t own a bank account and are happy with that. This makes lending money even more
difficult. Consequently, addressing societal problem becomes time consuming and difficult. With the rise of
mobile and internet, a new form of currency known as crypto currency is presenting a new, democratic way
of leveraging the power and reach of internet and mobile to solve poverty and unemployment. This
academic research paper will analyze the power of crypto currency specifically the Bitcoins to solve current
social issues by the growing breed of radical social entrepreneurs known as Bitpreneurs.
Nuv Mining is the world's leading hashpower provider, offering cryptocurrency mining capacities in every range - for newcomers, interested home miners, as well as large scale investors. No longer it is required to buy expensive equipment and waste your time on setting it up.
The most epochal financial transaction of this century, to date, occurred on May 22, 2010. It did not involve Wall Street, or the City of London; it took place in Jacksonville, Florida.
www.coinxtrading.com , wwww.coinxtrading.biz,
COINX TRADING LTD
Coinx Trading - Marketing - Business Plan - Binary Compensation Plan ,Affiliate Marketing Plan
Coinx Trading - Marketing - Business Plan
Email: support@coinxtrading.com
CoinX Trading Business Concept EnglishRomeo Abuhan
How do you like to get paid everyday? How do you like to earn money by trading and investment? Earning is that easy. Earn everyday, over and over again with CoinX Trading.
Coinx Trading offering Bitcoin Trading opportunity with fixed daily returns.
Earn daily 0.4% to 1.5% per day.
With affiliated incomes,
Direct referral 10%, and
Binary income 10%, unlimited levels.
TRADE AND INVEST with doing nothing. No hard selling, no hassle.
Register free here:
http://ow.ly/NwGa30ewwbx
www.coinxtrading.com , wwww.coinxtrading.biz,
COINX TRADING LTD
Coinx Trading - Marketing - Business Plan - Binary Compensation Plan ,Affiliate Marketing Plan
Coinx Trading - Marketing - Business Plan
Email: support@coinxtrading.com
How do you like to get paid everyday? How do you like to earn money by trading and investment? Earning is that easy. Earn everyday, over and over again with CoinX Trading.
Coinx Trading offering Bitcoin Trading opportunity with fixed daily returns.
Earn daily 0.4% to 1.5% per day.
With affiliated incomes,
Direct referral 10%, and
Binary income 10%, unlimited levels.
TRADE AND INVEST with doing nothing. No hard selling, no hassle.
Register free here:
http://ow.ly/NwGa30ewwbx
Digital Currency Systems: Emerging B2B e-Commerce Alternative During Monetary...cjwells
Digital currency systems form the triumvirate nexus of government policies, money, and technology. Each has a global reach and responds to the needs of business and consumers. E-commerce depends on private and government financial institutions to enable payment transactions, the basis of e-commerce. As the United States financial crisis continues B2B enterprises may need to abandon traditional payment transaction systems and look to alternatives in the form of Web-based digital currency systems accessed via the Internet. The various types of digital currency systems generally fit into five categories: barter exchange software systems, non-bank digital currency payment systems, digital precious metal systems, online value transfer software systems, and online stored value transaction software systems. Digital currency systems are not online banking. Digital currency systems use private electronic monies: electronic tokens, barter-exchange currencies, digital cash, and stored value e-cash vouchers.
We explore the history of money against a backdrop of banking and government policies that cause cyclic monetary crises, how these current digital systems operate, how business can thereby benefit in their use, and why digital currency systems are such an underutilized service in the United States.
THE 5 GREATEST MOMENTS IN BITCOIN HISTORYSteven Rhyner
Bitcoin is {now|currently} {seven|7} {and|as well as|and also} {a half|a fifty percent} {years old|years of ages}, or {almost|practically|nearly|virtually} {eight|8}, {depending on|depending upon|relying on} where you {believe|think} Bitcoin {began|started} - the {concept|idea|principle}'s {fertilization|fertilizing} as a White Paper, or its {actual|real} open-source birth {and|as well as|and also} {first|very first|initial} public {transactions|deals|purchases}.
BitCoins and virtual currencies have grown exponentially in value in the last few years, and they're not done yet. Are you ready to capitalize on them?
Discover the cryptocurrency craze, and how you can jump on board. Here's what you'll learn:
$- How BitCoin works, and what makes it so sensational to investors and press alike.
$- Learn the most exploited tactics for earning money from BitCoin. HINT: It's not just about buying and selling.
$- Meet the contenders for BitCoin's crown, and how these alternatives could be even more lucrative.
$- And much, much more.
CoinX Trading Business Concept EnglishRomeo Abuhan
How do you like to get paid everyday? How do you like to earn money by trading and investment? Earning is that easy. Earn everyday, over and over again with CoinX Trading.
Coinx Trading offering Bitcoin Trading opportunity with fixed daily returns.
Earn daily 0.4% to 1.5% per day.
With affiliated incomes,
Direct referral 10%, and
Binary income 10%, unlimited levels.
TRADE AND INVEST with doing nothing. No hard selling, no hassle.
Register free here:
http://ow.ly/NwGa30ewwbx
this PPT has the answer to the following question:
1)How Did It Start?
2)Where Do Bitcoins Come From?
3)What is the Vision of Bitcoins?
4)What is the Value of a Bitcoin?
5)Who Sells Bitcoins?
6)how to Buy Bitcoins Locally?
7)Why Would You Want Some
Bitcoin?
Bitcoin Beginner_ A Step By Step Guide To Buying, Selling And Investing In Bi...vensanpublishing
Cryptocurrencies come with proven advantages. And you need to know what they are - because you could make a fortune just by discovering what other wealthy crypto investors like me figured out a few years ago.
I’m going to tell you what those advantages are in just a moment.
All fiat currencies worldwide are valued at around $107 trillion.
This number is so big it’s hard to grasp.
That’s $107,000,000,000,000.
Compare that to Bitcoin’s current value of just over $1 trillion.
For Bitcoin to reach only 5% the size of outdated fiat currencies its price has rise to $286,527.
And for Bitcoin to replace a mere 10% of fiat currencies its price has to rise to over half a million dollars.
Of course, that doesn’t happen overnight.
Bitcoin’s rise from a few pennies to $60,000 took over 8 years.
At first, I was sure I had missed the boat with Bitcoin. I got in when I was sure it must already be too late.
But, I still made so much money... I was able to retire in my 30’s and travel the world carefree with my wife for 5 full years.
Saske is a decentralised blockchain social connectivity platform designed to bring together the world at large on the most preeminent social communications networks while simultaneously tearing down the monolithic barriers still standing between the everyday person and the unprecedented benefits of cryptocurrencies.
CoinX Trading Business Concept EnglishRomeo Abuhan
How do you like to get paid everyday? How do you like to earn money by trading and investment? Earning is that easy. Earn everyday, over and over again with CoinX Trading.
Coinx Trading offering Bitcoin Trading opportunity with fixed daily returns.
Earn daily 0.4% to 1.5% per day.
With affiliated incomes,
Direct referral 10%, and
Binary income 10%, unlimited levels.
TRADE AND INVEST with doing nothing. No hard selling, no hassle.
Register free here:
http://ow.ly/NwGa30ewwbx
www.coinxtrading.com , wwww.coinxtrading.biz,
COINX TRADING LTD
Coinx Trading - Marketing - Business Plan - Binary Compensation Plan ,Affiliate Marketing Plan
Coinx Trading - Marketing - Business Plan
Email: support@coinxtrading.com
How do you like to get paid everyday? How do you like to earn money by trading and investment? Earning is that easy. Earn everyday, over and over again with CoinX Trading.
Coinx Trading offering Bitcoin Trading opportunity with fixed daily returns.
Earn daily 0.4% to 1.5% per day.
With affiliated incomes,
Direct referral 10%, and
Binary income 10%, unlimited levels.
TRADE AND INVEST with doing nothing. No hard selling, no hassle.
Register free here:
http://ow.ly/NwGa30ewwbx
Digital Currency Systems: Emerging B2B e-Commerce Alternative During Monetary...cjwells
Digital currency systems form the triumvirate nexus of government policies, money, and technology. Each has a global reach and responds to the needs of business and consumers. E-commerce depends on private and government financial institutions to enable payment transactions, the basis of e-commerce. As the United States financial crisis continues B2B enterprises may need to abandon traditional payment transaction systems and look to alternatives in the form of Web-based digital currency systems accessed via the Internet. The various types of digital currency systems generally fit into five categories: barter exchange software systems, non-bank digital currency payment systems, digital precious metal systems, online value transfer software systems, and online stored value transaction software systems. Digital currency systems are not online banking. Digital currency systems use private electronic monies: electronic tokens, barter-exchange currencies, digital cash, and stored value e-cash vouchers.
We explore the history of money against a backdrop of banking and government policies that cause cyclic monetary crises, how these current digital systems operate, how business can thereby benefit in their use, and why digital currency systems are such an underutilized service in the United States.
THE 5 GREATEST MOMENTS IN BITCOIN HISTORYSteven Rhyner
Bitcoin is {now|currently} {seven|7} {and|as well as|and also} {a half|a fifty percent} {years old|years of ages}, or {almost|practically|nearly|virtually} {eight|8}, {depending on|depending upon|relying on} where you {believe|think} Bitcoin {began|started} - the {concept|idea|principle}'s {fertilization|fertilizing} as a White Paper, or its {actual|real} open-source birth {and|as well as|and also} {first|very first|initial} public {transactions|deals|purchases}.
BitCoins and virtual currencies have grown exponentially in value in the last few years, and they're not done yet. Are you ready to capitalize on them?
Discover the cryptocurrency craze, and how you can jump on board. Here's what you'll learn:
$- How BitCoin works, and what makes it so sensational to investors and press alike.
$- Learn the most exploited tactics for earning money from BitCoin. HINT: It's not just about buying and selling.
$- Meet the contenders for BitCoin's crown, and how these alternatives could be even more lucrative.
$- And much, much more.
CoinX Trading Business Concept EnglishRomeo Abuhan
How do you like to get paid everyday? How do you like to earn money by trading and investment? Earning is that easy. Earn everyday, over and over again with CoinX Trading.
Coinx Trading offering Bitcoin Trading opportunity with fixed daily returns.
Earn daily 0.4% to 1.5% per day.
With affiliated incomes,
Direct referral 10%, and
Binary income 10%, unlimited levels.
TRADE AND INVEST with doing nothing. No hard selling, no hassle.
Register free here:
http://ow.ly/NwGa30ewwbx
this PPT has the answer to the following question:
1)How Did It Start?
2)Where Do Bitcoins Come From?
3)What is the Vision of Bitcoins?
4)What is the Value of a Bitcoin?
5)Who Sells Bitcoins?
6)how to Buy Bitcoins Locally?
7)Why Would You Want Some
Bitcoin?
Bitcoin Beginner_ A Step By Step Guide To Buying, Selling And Investing In Bi...vensanpublishing
Cryptocurrencies come with proven advantages. And you need to know what they are - because you could make a fortune just by discovering what other wealthy crypto investors like me figured out a few years ago.
I’m going to tell you what those advantages are in just a moment.
All fiat currencies worldwide are valued at around $107 trillion.
This number is so big it’s hard to grasp.
That’s $107,000,000,000,000.
Compare that to Bitcoin’s current value of just over $1 trillion.
For Bitcoin to reach only 5% the size of outdated fiat currencies its price has rise to $286,527.
And for Bitcoin to replace a mere 10% of fiat currencies its price has to rise to over half a million dollars.
Of course, that doesn’t happen overnight.
Bitcoin’s rise from a few pennies to $60,000 took over 8 years.
At first, I was sure I had missed the boat with Bitcoin. I got in when I was sure it must already be too late.
But, I still made so much money... I was able to retire in my 30’s and travel the world carefree with my wife for 5 full years.
Saske is a decentralised blockchain social connectivity platform designed to bring together the world at large on the most preeminent social communications networks while simultaneously tearing down the monolithic barriers still standing between the everyday person and the unprecedented benefits of cryptocurrencies.
Bitcoin as an Ethical Dilemma closing case (Question below article).pdfarjunhassan8
Bitcoin as an Ethical Dilemma closing case (Question below article)
Bitcoin is an open-source, peer-to-peer digital currency introduced to the world on January 3,
2009, by developer Satoshi Nakamoto. The cryptocurrency is based on a protocol and software
that allows instant peer-to-peer transactions and worldwide payments with minimal costs. In its
few years of existence, bitcoin has seen unprecedented media coverage, a rollercoaster ride of
epic spikes and epic plunges, and adopters from major retailers to lemon stands (e.g., Amazon,
Target, Victoria\'s Secret, and Whole Foods). Bitcoin has also been covered by numerous major
news organizations (e.g., ABC, CNBC, Forbes, Fox News, Reuters) as the most popular form of
virtual currency.
At the same time, ethical concerns exist with this new digital currency. The coupling of no
regulations, virtually free movement of value, and a Ponzi scheme–like system have led
renowned economist Paul Krugman to suggest that “bitcoin is evil.” At the basic level, Krugman
says that “to be successful, money must be both a medium of exchange and a reasonably stable
store of value.” He continues to say that “it remains completely unclear why bitcoin should be a
stable store of value.” Joining in the discussion, Charlie Stross, the British writer of science
fiction, says that “bitcoin looks like it was designed as a weapon intended to damage central
banking and money issuing banks, with a Libertarian political agenda in mind—to damage
states\' ability to collect tax and monitor their citizens\' financial transactions.”
What is the difference between bitcoin and normal currency, such as the U.S. dollar? Bitcoin is
an unregulated peer-to-peer digital currency that is not backed by any other commodity such as
gold or silver. Bitcoins exist almost entirely in the digital, online world, although some bitcoins
have actually been privately minted. The U.S. dollar, like many other stable currencies, are paper
or coin currency issued by a national reserve–type bank (in the United States, it is the Federal
Reserve Bank). This means that dollars are really Federal Reserve Notes that are printed or
minted at the U.S. Bureau of Engraving and Printing. The dollar is so-called fiat money, which
means that dollars derive their value from the U.S. government regulation or law. Interestingly,
the United States decided in 2014 that bitcoins will be taxed as property, not currency, for
International Revenue Services (IRS) purposes. The IRS defined bitcoin as a “convertible
currency that can be used as a medium of exchange, a unit of account, and/or a store of value.”
Technically, Bitcoin with a capitalized “B” refers to the technology and network associated with
the currency, while bitcoin with a lower case “b” refers to the actual currency. The philosophy
underlying the bitcoin is complete mistrust in authority or control—basically a perfectly
stateless, market-based approach, with no country or region-level bank intervention. It is .
Bitcoin, often described as a cryptocurrency, a virtual currency or a digital currency - is a type of money that is completely virtual. It's like an online version of cash. You can use it to buy products and services, but not many shops accept Bitcoin yet and some countries have banned it altogether.
The Coin Perspective can better comprehend the market cap potential of alternative coins according to The Coin Perspective. This is for you if you’ve ever wondered, “If coin X had the market cap of coin Y, what would it be worth?”
What is the next cryptocurrency to boom?
Calvaria (RIA) is a new cryptocurrency play that has the potential to soar in 2023. Reimagining Staking For Explosive Growth at Oryen Network. Exciting Meme Coin Project Pumping Since IEO: Tamadoge (TAMA). Metropoly – Crypto Presale with 5 Star Reviews and Expert Favorite.
What coin is most searched?
Global searches for bitcoin total more than 29 million each month. It has the highest market cap and is the most widely used coin.
A cryptocurrency is a type of digital currency that is created and controlled using sophisticated encryption methods, or cryptography. With the invention of Bitcoin in 2009, cryptocurrency made the transition from an intellectual concept to (virtual) reality.
While interest in Bitcoin grew over the years, it really came to the attention of investors and the media in April 2013, when it reached a record high of $266 per bitcoin after increasing by a factor of ten in just the previous two months.
At its height, Bitcoin’s market value exceeded $2 billion, but a 50% decline soon after triggered a heated discussion over the future of cryptocurrencies in general and Bitcoin in particular.
Will these alternative currencies eventually replace traditional ones and attain the same level of ubiquity as dollars and euros? Or are cryptocurrencies a short-lived trend that will soon fizzle out? Bitcoin contains the solution.
Future of Cryptocurrency
As institutional money joins the market, several economic analysts forecast a significant change in the crypto market. 3 There is also a chance that cryptocurrencies will be listed on the Nasdaq, which would lend blockchain and its potential applications as a substitute for traditional currencies even more credibility.
Some claim that a confirmed exchange traded fund is all that cryptocurrency needs (ETF). 5 There is little doubt that an ETF would make it simpler for people to invest in Bitcoin, but there still needs to be a demand for cryptocurrency investments, which may not be produced automatically by a fund.Future of Cryptocurrency
As institutional money joins the market, several economic analysts forecast a significant change in the crypto market. 3 There is also a chance that cryptocurrencies will be listed on the Nasdaq, which would lend blockchain and its potential applications as a substitute for traditional currencies even more credibility.
Some claim that a confirmed exchange traded fund is all that cryptocurrency needs (ETF). 5 There is little doubt that an ETF would make it simpler for people to invest in Bitcoin, but there still needs to be a demand for cryptocurrency investments, which may not be produced automatically by a fund.
How Is the Price of Bitcoins Set and how does it have value ever wondered.pdfcoingabbar
Demand and supply are two words that come to mind. When demand for bitcoins increases, the price rises, and when demand decreases, the price falls. As a result, Bitcoin's price reflects how much individuals are ready to pay for it at any particular time, depending on their expectations for...
The price of bitcoin is determined by two factors: demand and supply. When demand for bitcoins increases, the price rises, and when demand decreases, the price falls.Bitcoin's price reflects how much people are ready to pay for it at a given point in time based on their predictions for its future worth.It's the same as any other currency's price, whether fiat money or cryptocurrency.
Since Bitcoin is still young and its market capitalization is small compared to the fiat giants like the INR and US dollar or the euro, its price is still very volatile. It’s expected to become less volatile when the market matures. However, the fun part about it is no one knows when that will happen, as it may be in five, ten or twenty years into the future.
A cursory examination of the history of money demonstrates that it had worth as long as people agreed it did. Faith, in essence, is what makes money function. Bartering was employed initially until it got too cumbersome. They began trading goods for items like shells and pebbles, followed by diamonds and rare metals.
They were superseded in recent centuries by government-issued money, which is today the most generally acknowledged form of cash.Fungibility, scarcity, and uncounterfeitability have always been characteristics of money as it has evolved. Furthermore, individuals have discovered that using currencies that are easily portable, stable, and divisible is more convenient.
Recognizability: Bitcoin is being recognised and accepted by an increasing number of retailers and users.Many individuals identify Bitcoin from non-currency or other counterfeit money and are prepared to accept it as a form of payment, despite the fact that it is still far from the degree of popularity seen with fiat currencies.
Decentralization: Bitcoin is overseen by no single authority. No one can censor, manipulate, or modify the network or its transactions, unlike traditional money, therefore no one can take your money.
Accessibility: To possess or receive Bitcoins, you don't need a confirmed bank account. All you need is a basic understanding of computers and access to the internet. The accessibility of Bitcoin makes it ideal for underbanked places throughout the world.
Programmability: Unlike traditional money, Bitcoin also has a programmability component. It means that Bitcoin will be updated in the future and will have even more useful features like smart contracts, multi-sig transactions, and so on.
Stability is a safe haven for money. Bitcoin price stability is the one element that is currently needed. Bitcoin is treated more like a commodity, such as gold, because to its volatility.
This guide is all about explaining Bitcoin and cryptocurrencies in simple terms. Here's what it covers:
Bitcoin is a type of digital money, and cryptocurrency is a digital currency. A few years ago, people didn't know much about these terms, and some thought they were just a passing trend.
www.coinxtrading.com , wwww.coinxtrading.biz,
COINX TRADING LTD
Coinx Trading - Marketing - Business Plan - Binary Compensation Plan ,Affiliate Marketing Plan
Coinx Trading - Marketing - Business Plan
Email: support@coinxtrading.com
How do you like to get paid everyday? How do you like to earn money by trading and investment? Earning is that easy. Earn everyday, over and over again with CoinX Trading.
Coinx Trading offering Bitcoin Trading opportunity with fixed daily returns.
Earn daily 0.4% to 1.5% per day.
With affiliated incomes,
Direct referral 10%, and
Binary income 10%, unlimited levels.
TRADE AND INVEST with doing nothing. No hard selling, no hassle.
Register free here:
http://ow.ly/NwGa30ewwbx
How do you like to get paid everyday? How do you like to earn money by trading and investment? Earning is that easy. Earn everyday, over and over again with CoinX Trading.
Coinx Trading offering Bitcoin Trading opportunity with fixed daily returns.
Earn daily 0.4% to 1.5% per day.
With affiliated incomes,
Direct referral 10%, and
Binary income 10%, unlimited levels.
TRADE AND INVEST with doing nothing. No hard selling, no hassle.
Register free here:
http://ow.ly/NwGa30ewwbx
Nuv Mining is the world's leading hashpower provider, offering cryptocurrency mining capacities in every range - for newcomers, interested home miners, as well as large scale investors. No longer it is required to buy expensive equipment and waste your time on setting it up
A beginner's guide on why and how to invest in bitcoin hellenjones2
In this article, we have discussed some important things, such as the best place to buy Bitcoin and how much to invest in Bitcoin. visit this link more info:https://bit.ly/2URqwxV
A beginner's guide on why and how to invest in bitcoin hellenjones2
Cryptocurrency forks, whether soft Fork or hard Fork, planned or Contentious is a topic of discussion. Forking can also also be seen as one of the core values of any-open source Cryptocurrency because it further enhances the security of the blockchain. https://bit.ly/2JNErzW
http://pwc.to/1fsT9Uu
Le Bitcoin est une monnaie numérique peer-to-peer qui connait un essor mondial. En 2013, le Bitcoin a obtenu 3,4 millions de mentions sur internet. Aux États-Unis, plusieurs petites et grandes entreprises du divertissement, des médias et des télécommunications ont entrepris des expériences avec cette nouvelle monnaie. PwC a donc mené une enquête auprès des consommateurs en ligne pour recueillir des informations sur la sensibilisation, les attitudes et les comportements liés au Bitcoin.
Bitcoin An exploratory view into the crypto worldBitcoin A.docxAASTHA76
Bitcoin: An exploratory view into the crypto world
Bitcoin: An exploratory view into the crypto world
Florida International University
English Department - ENC 1102
Bitcoin: An exploratory view into the crypto world
Jesus Cotto Zayas – 5601270
Hector Lorenzo - 6034838
Prof. Nima Baghdadi
Since the rise of the Bitcoin in 2009, there has been a massive transformation in the cross-border money transfer. With the gradual evolution of technology and the internet, many things now seem to be going digital. Money has not been left behind by these technological evolutions. The enormous transition from the traditional Fiat money to the cryptocurrency has raised numerous debates with many taking different standpoints on the benefits of the digital money over the traditional money. Since its launch in 2009, the Bitcoin has received many critical reviews with numerous analysis of how it works. Unlike traditional currencies, this digital currency is not backed up by a regulatory authority. The launch of Bitcoin gave way for ways of sending or receiving payment with no or very low transaction costs. A major issue that raised alarm about Bitcoin was a vulnerability realized in Bitcoin’s protocol back in 2010. This vulnerability made it possible for one to bypass the constraints of the Bitcoin protocol to include a transaction without the proper screening process. Consequently, hackers would attack this vulnerability, duplicating Bitcoin. Most transactions in the crypto world are non refundable, meaning the bitcoin that was duplicated is now part of the system with no way to track them. (Mullan, 2014).
There are different viewpoints on whether there should be a need for regulations on the Bitcoins and the virtual currency in general. Although many have accepted the use of Bitcoins, there is still a huge concern about the illicit use inherent in virtual currency. This made us look deeper into the Silk road black market and how its closure affected bitcoin value. Based on statistical data found online in an article by Wired magazine 2013 Bitcoin price dropped from 125$ to 90$ but quickly recovered back to 115$ within a few hours. We believe this proves that the majority of the usage in crypto is made by real user with good intentions as opposed to what may of the articles we found claim. This lead us into our next dilemma, regulation.
Scholars have argued that government should have control over the money supply only when it is deemed necessary for the security of financial institutions or in the event of regulation of the global exchange rates. Financial policies may, however, be jeopardized by the decentralized nature and unregulated character of Bitcoin. Bitcoin transactions are mostly independent of any intermediary meaning that taxation and other efforts by governments to monitor or control the use of currency are less fruitful. If there were to be a firm regulation in the use of Bitcoins, governments might no longer be able to control ...
Bitcoin has become too big to fail. With interest in the digital payment network spanning from tech enthusiasts to individual retail traders, and now encompassing large institutional investment firms & most people agree the success of Bitcoin is inevitable. One doesn’t have to look very far to find massive support and adoption of the cryptocurrency.
Welcome to the best source for cryptocurrency news, & Whats Up, Market; brings you the latest and greatest media on whats happening in the world of crypto.
Embark on an inspiring journey into the world of digital finance with this captivating PowerPoint presentation on the pioneer of cryptocurrency, Bitcoin. Be amazed when you discover the transformative power and game-changing capabilities of this groundbreaking innovation. Enter a world where traditional banking meets cutting-edge technology as we delve into the birth and evolution of Bitcoin. We shine a light on its enigmatic creator Satoshi Nakamoto, revealing the groundbreaking concept of blockchain that lies at the heart of this digital marvel. Enjoy the unparalleled benefits that Bitcoin has to offer. Free us from the control of financial intermediaries and experience first hand the decentralized nature where individuals have complete control over their own funds. Find out how Bitcoin implements unprecedented privacy and security measures to ensure every transaction is confidential and non-peeping. Feel the adrenaline rush as we uncover Bitcoin's incredible potential to revolutionize the global economy. Marvel at its ability to enable lightning-fast peer-to-peer transactions across borders, eliminate expensive intermediaries, and reduce transaction costs to a fraction of the traditional methods. Let's see how Bitcoin's limited supply and deflationary nature can protect us from the devastating effects of inflation and preserve our hard-earned wealth. As we continue our presentation, we'll delve into the myths surrounding Bitcoin, dispel skepticism, and shed light on doubts about its volatility. Gain a deeper understanding of the underlying factors driving Bitcoin market dynamics and separate fact from fiction. Be captivated by captivating imagery, captivating stories, and real-life success stories surrounding Bitcoin's rise to fame. See how early adopters became millionaires overnight and how multinationals are integrating this digital currency into their business processes. Witness the unstoppable momentum behind Bitcoin's global adoption as more individuals and businesses realize its intrinsic value. Join us on an exciting quest for cryptocurrency pioneer Bitcoin and witness the transformative power within. Get ready for an immersive experience that will captivate your audience and leave them hungry to learn more about this dynamic digital revolution.
Why are people investing in bitcoin? what is the best way to buy bitcoin in C...Bitcoin Wallet Canada
In the last few years, there have been a number of cryptocurrencies. And, what are cryptocurrencies? They are a form of electronic money that allows people to make direct person-to-person transactions. The investment options has surged, with more than 740 variables of cryptocurrencies now available. Among them, Bitcoin enjoys the highest trading value and volume as well as significant mainstream media attention.
Similar to Bitcoins : all you need to know and get started with Bitcoin (20)
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
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what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Bitcoins : all you need to know and get started with Bitcoin
1.
2. Bitcoin exchange: Bitcoin's price hit a new record this week, soaring above $15,000 on
Thursday morning. The price has been a roller coaster since then, with the price briefly dropping
to $9,000 later on Wednesday before regaining much of its lost value in recent days.
FURTHER READING
How bit coins became worth $10,000
The currency's astonishing gains—it was worth less than $1 in early 2011—has caused a lot of
people to wonder if they should be paying attention to the technology. Coinbase, a popular
service for trading dollars and bitcoins, now says it has more than 13 million users. While almost
everyone has heard of Bitcoin at this point, many people are fuzzy on the details: what is a
bitcoin, exactly? How do I buy some? What would I use it for?
We're here to help. Read on for a beginner's guide to bitcoin. We'll explain what Bitcoin is, how
it works, and what ordinary people should know about the technology.
1) What's a Bitcoin?
Enlarge
Chris Ratcliffe/Bloomberg via Getty Images
3. The term Bitcoin actually refers to two different things. Capital-B Bitcoin is a payment
network—like MasterCard is a payment network. Lower-case bitcoin refers to the currency of
the Bitcoin network—much like MasterCard uses dollars in the United States.
Difference between bitcoin and PayPal
What makes Bitcoin different from MasterCard, PayPal, and other payment networks that existed
in 2008 (when Bitcoin was invented) is that Bitcoin was the world's first payment network that's
completely decentralized. The MasterCard network is operated by MasterCard Inc., but there's
no Bitcoin Inc. in charge of the Bitcoin network. Rather, it's a peer-to-peer network that
maintains a shared transaction ledger called the blockchain.
Inventing a new currency was an unavoidable consequence of making the Bitcoin network fully
decentralized. On a conventional payment network, the network owner promises to redeem
balances for conventional currencies like dollars or euros. But there's no Bitcoin company, so
there's no one to guarantee that Bitcoin balances will have any particular value. Instead, bitcoins
float against conventional currencies, with their value determined by supply and demand.
Physical appearance of bitcoins
And no, those physical "bitcoins" you see in a lot of pictures aren't what a bitcoin "really" looks
like. Bitcoins are just entries in the Bitcoin blockchain. If you own some bitcoins, that means you
have some cryptographic private keys stored on your computer, on an external drive, or printed
out on a piece of paper somewhere. These keys allow people to spend bitcoin balances in much
the same way that the password to your bank's website allows you to spend the balance in your
bank account. But you can't withdraw bitcoins from the network the way you withdraw physical
currency from your bank.
2) If Bitcoins aren't tied to a conventional currency, how did
they get so valuable?
4. Enlarge / Notice that this chart has a logarithmic Y axis.
Bitcoincharts
Good question! When the Bitcoin network was first created in 2009, bitcoins were barely worth
anything. Bitcoin lore holds that the very first real-world Bitcoin transaction occurred in May
2010, when one early Bitcoin user paid another user 10,000 bitcoins for two pizzas. At the time,
Bitcoins were trading for less than a penny each.
But as the Bitcoin community grew, the currency's value steadily climbed. By the time I started
paying attention to Bitcoin in April 2011, its value had climbed to $1. This was at the start of the
first great Bitcoin bubble. Media coverage of Bitcoin attracted new users, which caused the price
to rise. The rising price, in turn, attracted more media interest. The value rose to more than $30
by June, before it crashed and fell to $2 before the end of 2011.
This cycle repeated two more times in 2013. In May 2013, Bitcoin's price briefly rose above
$250, before falling by about 80 percent. Then in late 2013, Bitcoin's price rose above $1,000
before once again crashing by 80 percent. The current boom—which has taken the currency from
a low of $200 in early 2015 to a high above $10,000 in recent days—is the fourth major Bitcoin
boom.
Each of these booms—and, for that matter, most bubbles throughout history—has been driven by
the same basic publicity-price feedback loop. As an Internet writer, I've seen this process first
hand. During times when the price is rising, there's a lot of traffic to be had writing about
Bitcoin, so reporters like me write articles (like this one!) about it. The articles cause more
people to pay attention to the currency, and some of those people decide to buy. That pushes the
price up even more, triggering more media coverage and more public interest.
Bootstrapping process
This bootstrapping process has achieved something that most people—including me—would
have thought was impossible a decade ago: a valuable currency that's neither backed by a
commodity like gold or silver, nor by a powerful institution like a government or bank. On one
level, Bitcoin's value is rising simply because more and more people are betting that its value
will continue to go up over time. The question, of course, is whether they're right about that.
5. 3) Why would I want to use Bitcoin?
Enlarge / A Bitcoin ATM in Albuquerque, New Mexico.
@99Piloto
Honestly if you're an ordinary American consumer, you probably wouldn't. Despite years of
effort, Bitcoin startups haven't had much luck building payment applications that ordinary people
find useful.
One of the most often-discussed applications for the Bitcoin network is international money
transfers. Conventional financial networks like Western Union and Moneygram are expensive,
and it can often take a long time for money to go through. In theory, a Bitcoin-based money
transfer system could be cheaper and faster.
In practice, however, Bitcoin has struggled to gain traction as a platform for remittances. One
way to see this is by looking at the prices charged by Bitcoin ATMs, which allow people to
exchange cash for bitcoins and vice versa. The average transaction fee for a Bitcoin ATM—at
least according to one website that tracks these things—is currently around nine percent for
buying bitcoins and six percent for selling them. So to send money to an overseas friend or
family member using Bitcoin ATMs, you could wind up paying transaction fees as high as 15
6. percent. That's on top of the transaction fee charged by the Bitcoin network itself, which
has averaged around $5 in recent weeks.
Popularity and making bitcoins easy to use
There are a number of companies working to improve the experience of making international
payments using Bitcoin, especially in Asia. These companies may eventually figure out ways to
make payments fast, convenient, and affordable—but they haven't achieved critical mass yet.
Bitcoin has also shown enduring popularity with illicit transactions. A succession of
underground websites have popped up on Tor to serve as a kind of eBay for illegal drugs. These
sites rely on Bitcoin because they would immediately get shut down if they tried to get accounts
on conventional credit card networks. But no one has the power to block anyone from using
Bitcoin.
There is also anecdotal evidence that Bitcoin is popular in countries
like Argentina and Venezuela with unstable currencies or dysfunctional financial systems.
But if you're an ordinary person in the United States or another rich Western country and you
don't want to buy drugs or speculate on Bitcoin's future value, Bitcoin might not have much to
offer you—at least not yet.
7. 4) If Bitcoin has few practical applications, how can it be
worth $150 billion?
Enlarge
Andrzej Barabasz
One possibility is that Bitcoin speculators are simply delusional and Bitcoin's price will
inevitably plunge. There are other possibilities, however.
One is that the Bitcoin economy is still in its early years. It took the Internet about 25 years to go
from being an experimental technology—ARPANET in 1969—to becoming a mass market
phenomenon—Netscape in 1994. Bitcoin is a comparatively young technology, having been
around for less than eight years. It's possible that Bitcoin will eventually become a key part of
the global financial system—it will just take another five, 10, or 20 years to work out exactly
how to apply the technology in useful ways.
It's also possible that Bitcoin will have important applications that are not consumer-facing. For
example, the Bitcoin network charges roughly the same transaction fees whether you're sending
$10 or $10 million, so Bitcoin could become a standard way to move large sums of money
overseas for international trade or investment. Big companies are conservative institutions, so it
might take several years to build the infrastructure necessary to support these kinds of
transactions—and then several more years after that to convince companies to make a switch.
8. Bitcoin exchange
Another reason for optimism: Bitcoin is becoming the reserve currency of a broader
cryptocurrency economy, much as the dollar is the default currency in global trade. Bitcoin has
deeper markets and more sophisticated bitcoin exchange services than other cryptocurrencies.
So people wanting to buy any one of the dozens of lesser-known Bitcoin competitors often first
trade their dollars in for bitcoins and then swap their bitcoins for dash or litecoins or whatever.
As the broader cryptocurrency economy grows, it pushes Bitcoin's value upward.
A final possibility is that Bitcoin could primarily become a store of value much like gold. Gold
has practical uses in industrial applications and jewelry. But most of the world's gold is kept in
vaults and under floorboards as a long-term means of storing wealth. People like to hold gold
because it is compact, easy to conceal, and exists outside of conventional financial systems.
Bitcoins have similar advantages. You can store millions of dollars' worth of bitcoins on a thumb
drive or even a piece of paper. As long as the encryption keys are secure, bitcoins can't be seized.
Bitcoin also has a big advantage over gold because it can be transferred around the world
electronically.
5) OK, I'm sold. How do I get some?
Enlarge
9. Thomas Trutschel / Getty Images News
Before we answer that question, we want to emphasize that investing in bitcoin is insanely risky.
Bitcoin has been known to lose 80 percent of its value in a matter of days. And while bitcoins
recovered their value after previous crashes, the price is much higher today. There's no guarantee
that Bitcoin will recover after its next crash. So please don't invest money you can't afford to
lose.
That said, acquiring some bitcoins is pretty easy. To do this you go to a site called a Bitcoin
exchange and set up an account. Bitcoin exchange is an amazing portal. You then send dollars
(or whatever currency they use in your country) to the account using an electronic bank transfer
or similar mechanism. Once the money arrives in your exchange account(bitcoin exchange) , you
can trade dollars for bitcoins at the current market price.
Storing bitcoins
Once you have your bitcoins, an important question is whether to leave the deposit with the
Bitcoin exchange or withdraw them into your own custody. There are several ways to store
bitcoins yourself. You can store the encryption keys on your own hard drive. Or can store them
on a Web wallet app that encrypts them client-side using a customer-supplied password. Also
you can print out the encryption keys onto a piece of paper and store the paper (hopefully
multiple copies) in a safe place.
Risks associated with bitcoins
All of these options have risks. If you leave your money on deposit with the bitcoin exchange,
the risk is that the bitcoin exchange itself will lose your bitcoins due to hacking,
mismanagement, or fraud. In 2014, the then-biggest Bitcoin exchange, called Mt. Gox, declared
bankruptcy after millions of dollars in bitcoins were stolen by hackers. Other early Bitcoin
services simply disappeared from the web, taking customers' bitcoins with them The Bitcoin
economy doesn't have anything resembling FDIC insurance, so if your bitcoin exchange loses
your bitcoins or goes bankrupt, you might be out of luck.
On the other hand, bitcoin exchange have matured significantly since 2014, and holding bitcoins
yourself is risky, too. If someone puts bitcoin-stealing malware on your computer, you could lose
your bitcoin regardless of how you store them.
In short, there's no completely safe way to hold on to bitcoins, and technical newbies are at
particular risk. Investors in Bitcoin are at much greater risk of losing their investments to
accidents or thefts than investors in conventional assets like stocks and bonds.
6) I just made a killing! How do I cash out?
10. Enlarge
Getty Images | Jonathan Kitchen
If your cash is still deposited at a Bitcoin exchange, you just execute another trade to convert
your bitcoins back to dollars at the new—hopefully higher—price. Then you withdraw the funds
to your bank account.
The bitcoin market is very liquid, so unless you have millions of dollars in bitcoins, cashing out
won't be difficult. Major bitcoin exchange do have daily dollar withdrawal limits to minimize
fraud, however. So, if you sell thousands of dollars' worth of bitcoins, it might take a few days or
weeks to transfer the cash into your conventional bank account.
We've seen some people argue that Bitcoin's $150 billion market capitalization isn't real because
people can't cash out all of that value simultaneously. But that's not true actually. The same basic
point applies to any asset. If Jeff Bezos tried to sell all of his Amazon shares at once, the stock
would crash. But people still say he has a net worth of nearly $100 billion. There's enough
liquidity in Bitcoin markets that all but the very wealthiest Bitcoin holders can quickly and easily
convert their holdings to conventional currency(via bitcoin exchange). And even the wealthiest
holders could cash out their holdings gradually over time if they wanted to.
7) Is it true that Bitcoin wastes a ton of energy?
11. Enlarge/ Emissions rise from smokestacks at Pacificorp’s 1,000MW coal-fired power plant on
October 9, 2017 outside Huntington, Utah.
George Frey/Getty Images
Yes. The Bitcoin network maintains its shared transaction ledger, called the blockchain, using a
computationally intensive process called mining. Miners compete with each other for the right to
add blocks to the blockchain—each comes with a reward of 12.5 Bitcoins—or around $125,000.
Because electricity is the biggest cost for Bitcoin mining and this is a competitive market, we
should expect miners to keep spending more and more money on electricity until electricity
spending is on par with the size of the block reward. One back-of-the-envelope
calculationsuggested that each Bitcoin transaction uses 271kWh of electricity—enough to power
a typical American home for nine days.
Bitcoin Networks
The Bitcoin network generates blocks at a rate of about six per hour, and mining a block takes
essentially the same amount of energy whether it contains one transaction or 2,000 (the current
average). And for a given bitcoin price, it would take roughly the same amount of energy if,
someday, the Bitcoin network is processing tens of thousands or even millions of transactions
per block.
12. Energy and bitcoin minng
This means that we can't save energy by reducing the number of bitcoin transactions. And
increasing the number of bitcoin transactions doesn't directly increase energy consumption. What
does cause Bitcoin's energy usage to rise however, is when Bitcoin's price goes up. A higher
price means the 12.5 bitcoin reward becomes more valuable, and so miners spend more resources
to capture the larger prize.
Fortunately, this is a problem that will solve itself in the long run. The per-block reward halves,
in Bitcoin terms, every four years. It has fallen twice—it started out at 50 bitcoins in 2009—and
is scheduled to fall to 6.25 bitcoins per block some time in 2020, then to 3.125 bitcoins per block
around 2024. As the per-block reward falls, the network's energy consumption will fall
proportionately.
So it's true that the Bitcoin network is an environmental disaster. Using vastly more energy per
transaction than any other payment network. However, we can expect the network to become
less wasteful. Aat least on a per-transaction basis, in the coming years and decades.
Have further Bitcoin questions or bitcoin exchange? Ask away in the comments for now, and stay
tuned to Pakistaniupdates as we continue to follow the cryptocurrency.
bitcoin exchange and tricks.