In recent years, the
topic of conversation Bitcoin warmth on the internet. Will it change the
economic landscape and the financial world of the internet, or just full of
falsehood, is still a question mark.
What is Bitcoin?
Bitcoin is a digital
currency type can only be used on the internet. It's not controlled by any
bank in the world and it is free to roam the market. Bitcoin can be sent
and received from one individual to another without having to go through any
intermediary such as a bank or any financial loss.
Unlike paypal or bank,
when you send the money, the money will be through paypal, in any case
undesirable, the bank or paypal right to withdraw or return the money to the
sender. But bitcoin, it is different, the transaction is directly from the
sender to the receiver. No refund of money back, no freezing of accounts,
no transaction charges and no any party that controls or monitors, either the
banks, ministries, national or otherwise.
It is free from all
obstacles and influence, whether political, commercial, or the law of the
country.Value, determined solely on supply and demand (supply and demand)
market.
How Bitcoin start?
It was first produced in
mystery, in 2009 in the internet, known only by the name Satoshi Nakamoto. To
this day, the identity of Satoshi Nakamoto is still unknown. Some states
Satoshi Nakamoto does not actually exist, and it is just a fake profile created
for covered true identity of the individual or group that produces digital
currency.
How to Get Bitcoin?
There are three ways you
can have a bitcoin, either by way of purchase on the bitcoin exchange (bitcoin
exchange marketplace), received it from someone else (transfer) or the bitcoin
mining (mining).
·
Marketplace, there are
many websites that sell bitcoin marketplace. Among the most popular
is mtgox.com .
·
Transfer, you can make
bitcoin as a means of payment products. So, buyers can pay you by
transferring them to your bitcoin either using a computer or mobile apps.
·
Mining, quarrying here
is not like mine gold, but mining activities are carried out using a computer. A
mining software must be installed on your computer and you need to solve the
puzzle mathematically very complex to allow you to get a bitcoin. Currently,
the highest winning record can solve the puzzle is 25 bitcoin in 10 minutes.
How to Store Bitcoin?
Bitcoin should be stored
in a digital wallet. It can be in the form of computer applications,
mobile applications and online accounts (such as PayPal).
Each form has a digital
wallet risks respectively. If you choose to use a digital wallet in the
form of a computer application, you are at risk to lose all your bitcoin damaged
or if your computer needs to be formatted before. So is the digital wallet
in the form of mobile applications. You have the risk of losing all your
bitcoin if your phone is lost or damaged.Meanwhile, the digital wallet in the
form of web anyway, it depends on the state website. You have the risk of
losing your bitcoin if the website is shut down or hacked.
What Can Out With
Bitcoin?
You can buy all sorts of
stuff on the internet by using bitcoin. Of digital goods like games,
ebooks, software, to physical goods such as clothing, drinks, cars and travel
into space. There are lots of websites that accept bitcoin as a payment
method on their website.
·
Read the story of the
men bought cars using bitcoin here .
·
Virgin Galactic party to
accept bitcoin payments ramble into space. Info here.
What is the value of
Bitcoin?
Bitcoin value is
constantly changing, it's like gold. It is completely determined by the
demand and supply (supply and demand). It is expected that there will be
21 million bitcoin will be successfully produced (mined) and circulated in the
market in 2140. If the RM is used to Malaysian currency and USD for the US dollar,
for bitcoin, it uses currency symbol BTC.
At the start of 2013,
the 1BTC is about $ 13, but in December 2013, reaching a value in excess of $
1,000. Then, in early 2014, it dropped to $ 600. Increase and
decrease dramatically this is something that is not reasonable for a
devaluation. It shows the bitcoin currency is very easy to speculate by
irresponsible parties.
Kontroversi Bitcoin!
In addition to being
recognized as currency by many countries in the world such as Malaysia,
Thailand, Indonesia, Finland, China and Russia. There are many other
controversial issues plaguing bitcoin. Among ..
·
There is a bug in the
software that causes bitcoin fraudulent transactions can be waged. It led
to a sharp fall in the value of bitcoin. Source.
·
CEO BitInstant (one
of the largest Bitcoin Exchange Marketplace USA) was arrested, for any
errors collaborate medicine sales transactions using bitcoin black market. Source . However, the CEO has been released and
found not guilty.
·
Bank of China ordered
the company to stop accepting bitcoin payments in them the value of bitcoin
transactions fell sharply. Source .
·
BIPS, which is the
company's largest bitcoin payment processors in Europe, losing $ 1 million
bitcoin due to cyber attacks. Source .
All this controversy led
to a sudden fall in the value of bitcoin and unstable. However, for the US
anyway, they was always looking for ways to allow them to escort or gets a
"little progress" on the digital currency existence this bitcoin.
Finally, the authors
reported a bill in the New York financial district, is developing a version of
the bill related to bitcoin. However, it is not yet known how they would
control the use of digital currency bitcoin because it is not owned by any
party.For you, is this the right time to do your own, use or invest in bitcoin? Is
bitcoin will completely change the financial world? Or, it is actually the
biggest scam of the century? Let's see and follow its development from
time to time.
Web info bitcoin : Bitcoin.org
if you feel useful donate BTC to : 1DkegbmiULAGYaAxr1pNmPQr4syW5qZ7sj
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