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Bitcoin: How the Internet Created Its Own Currency
Bitcoin - The Currency of the Internet
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
What are all of these new internet currencies (Bitcoin, Litecoin, Dogecoin) and how can I be a part of them? What are some personal experiences?
I've been seeing a lot of news about these new currencies and mining and whatnot, and I'm pretty confused on how it all works. I understand there are guides and subreddits about how this all works but I want to hear from the general community what everyone is thinking and doing about this.
The ransomware takes over users’ files, demanding $300 (£230) to restore them. Only about $50,000 (£39,000) has been paid so far, according to Elliptic Labs which tracks illicit use of the internet currency Bitcoin.
German Bundesbank warns against Internet currency Bitcoin: "not issued by a central bank, but by unknown actors ...not a currency ... not as safe as Euro or Dollar"
This is an automatic summary, original reduced by 47%.
"Die Bundesbank warnt die Deutschen vor der Internet-Währung Bitcoin. Wer sein Geld in den virtuellen Münzen anlege, könne große Verluste erleiden. „Der Bitcoin ist ein Spekulationsobjekt, dessen Wert sich rapide verändert. Zuletzt ging es steil nach oben, aber das sah schon anders aus", sagte Bundesbank-Vorstandsmitglied Carl-Ludwig Thiele der „Welt am Sonntag". Der Bitcoin ist der letzte Schrei im Internet und an den Finanzmärkten. „Wer dann noch meint, der Bitcoin wäre so sicher wie der Euro oder der Dollar, muss dafür die Verantwortung tragen", so der Währungshüter. "Thiele hält den Bitcoin für ein Nischenprodukt. Pro Tag würden auf der ganzen Welt lediglich 350.000 Transaktionen mit dem digitalen Tauschmittel getätigt. „Dagegen werden allein in Deutschland täglich 77 Millionen Überweisungen, Lastschriften und Kartenzahlungen abgewickelt", sagte Thiele der Zeitung. So kritisch der Geldpolitiker den Bitcoin sieht, für so interessant hält er die dahinterstehende Technologie, die sichere, verschlüsselte Geldtransfers ermöglicht. Die Bundesbank selbst hat zusammen mit der Deutschen Börse einen Prototyp für Transfers entwickelt, der auf der Blockchain-Technologie basiert.
Bitcoin’s original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2020, the true identity of the person — or organization — that is behind the alias remains unknown. On October 31, 2008, Nakamoto published Bitcoin’s whitepaper, which described in detail how a peer-to-peer, online currency could be implemented. In a recent interview, Dorsey explained that bitcoin, in his opinion, remains the “most viable currency for the internet.” He further stated that so long as the internet is in desperate need ... Lastly, Bitcoin is also interoperable. Like email or the internet, my Bitcoin and your Bitcoin work on the same system, one big global transaction ledger and, in some sense, the world’s first truly global currency. Previous. Bitcoin as digital gold. Next. Can we see the transactions in a blockchain network? How do I get Bitcoin? Learn about earning, trading, buying and mining . Bitcoin as ... Bitcoin: How the Internet Created Its Own Currency. By Christina Warren 2012-11-05 21:13:59 UTC. Bitcoin is a peer-to-peer decentralized digital currency. It differs from traditional, government ... Bitcoin saw a slowly increasing acceptance by merchants as a means of payment, and in 2015 the establishment of a debit card that could be linked to a Bitcoin account allowed the virtual currency to be used to pay merchants who do not accept Bitcoin. Bitcoin, however, also has been subject to speculation on exchanges where it is traded, which has led to significant fluctuations in its value at ...
Bitcoin: world's fastest growing currency migrates off the internet
#LoveAllServeOthers Money is a language of value. Currency is the form we use to exchange it. Yes, wars rage for riches, gold, resources and energy, but the battlefield of this decade will be The ... Land value tax and Bitcoin/Ripple is what we need! This is from 1999, an interview with Nobel Laureate Milton Friedman conducted by NTU/F. http://youtu.be/ml... Milton Friedman in 1999: "The internet is going to be one of the major forces for reducing the role of government. The one thing that is missing is a reliabl... Twitter CEO wants Bitcoin to be Internet’s NATIVE CURRENCY?! Ivan on Tech. Loading... Unsubscribe from Ivan on Tech? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 214K. Loading ... In this video we dive into the mind of Jack Dorsey his views on bitcoin. He is the owner of twitter and square. As you guys and gals know Im a share holder o...