Tuesday 6 January 2015

Why I Fall in Love With Bitcoin Concept

  Anyone who there is science computer background / mathematics / economy certainly will fall in love with bitcoin concept if already immediately able understand concept.It will takes time want to understand really, I once takes 3 weeks time for understand a little bit of Bitcoin concept.Bitcoin certainly not the same with any ecurrency that ever existed in the world till now. I give some details for new user understanding.




1. Bitcoin 100% based on by code / mathematics or in IT language called bycryptography (Hash Cat and Signatures Digital).

2.Did not have any corporations, government or any entity which control bitcoin, the meaning it have no owner and bitcoin produced from process named by Mining.Process mining to produce bitcoin this anyone can make appropriate promise there is computer with card graphic that la power (more many card graphic more good). Install software mining lets run 24 / 7 hour.Inshaallah will get the bitcoin.

3. Bitcoin this something like gold virtual, it programmed to produce bitcoin until 21 milion only (10 bitcoin milion already produced till today). When already really 21 milion process bitcoin production will be stop.The summary it Supply.Probability Limited in the future 1 BTC costs USD10000 or more.

4. BTC transaction from A point to B is continue, the meaning not going through servercentral. Protocol used is decentralized fully (Same P2P @ peer to peer concept like torrent).Fees for transaction on the other hand is dirt cheap (user optional can position as pleased) if do not want position can even but transaction risk will take time.

5. Bitcoin there is 8 decimal back he that also can be used for example transaction :- (Btc 0.00000001) Marry send Aminah BTC 0.00000001 for a pair of shoes.

6. Bitcoin not depend on or tied to USD or any currency, he wears code ISO itself called by BTC.

7. Market price for bitcoin in exchange to USD is base on highest purchase price in http://www.mtgox.com (mtgox is largest exchange bitcoin where processes 70% Bitcoin trade whole world).. Until today highest exchange rate is USD93.06 to 1 BTC. Time not wait us.




if you feel useful donate BTC to : 1DkegbmiULAGYaAxr1pNmPQr4syW5qZ7sj

2 comments:

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