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Bitcoins, good or bad? - Computers & Internet

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Bitcoin is kind of digital currency. It can be taken to any place and anywhere. Basically, bitcoins are produced by the users and increasingly by the business running computers all over the world. It is different from conventional money because it is decentralized. As it is decentralized that makes easy to use bitcoin. No bank or single institution controls it. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees. With the following feature, we can say that bitcoins are good and to get more information you can look on to Kevin Patrick Hobbs.

Posted on Jun 13, 2017

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The Blockchain as a system for verifying changes according to some rules is a good idea. Its application to finance is beneficial since it removes the need to ensure that electronic transactions. Bitcoins are good because of following reasons:

  • Buy & Sell Bitcoin
  • Buy & Sell 100+ Altcoins
  • Bitstamp Exchange Integration
  • AML/KYC Identity Verification
  • Camera & Barcode Scanner
  • Thermal Receipt Printer and much more.

Posted on Apr 25, 2017

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Bitcoin is very good. Most Western countries treat Bitcoin as a commodity like property of gold. However it is used like a currency almost everywhere and is mainstream, regulated by tax departments. Bitcoin Mining is the process by which Bitcoin Digital Currency is created. Mining verifies transactions on the Blockchain (a ledger of transactions, a copy of which is 'distributed' widely across computers worldwide, peer to peer) and a reward is given to the successful verification of these transactions. The awards add up and eventually (with quite some difficulty) a Bitcoin is created. Therefore a Bitcoin Miner is very much like the Federeal Reserve, because they literally create money. In fact you, yourself can become a Bitcoin miner from as little as US$25. Bitcoin is Digital Money. It works just like bits of information. Very long digital codes that represent a verified, unique representation of money. This can be transferred Peer to Peer, or Person to Person and eliminates the need to have banks. It is very popular in countries where currency has depreciated rapidly. People in those countries have moved to Bitcoin, which can be spent normally through EFTPOS and VISA and MASTERCARD Debit Cards at Retail. Eventually, digital money will naturally replace cash money. You can diversify your savings into Bitcoin to hedge against currency devaluation, which is a very real thing world wide. For more information contact www.glynmaclean.com

Posted on Oct 09, 2016

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Posted on Jan 02, 2017

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How to Create and Manage Secured Bitcoin Wallet?


Desktop wallets If you have already installed the original bitcoin client (Bitcoin Core), then you are running a wallet, but may not even know it. In addition to relaying transactions on the network, this software also enables you to create a bitcoin address for sending and receiving the virtual currency, and to store the private key for it Mobile wallets Desktop-based wallets are all very well, but they aren't very useful if you are out on the street, trying to pay for something in a physical store. This is where a mobile walletcomes in handy. Running as an app on your smartphone, the wallet can store the private keys for your bitcoin addresses, and enable you to pay for things directly with your phone. Online wallets Web-based wallets store your private keys online, on a computer controlled by someone else and connected to the Internet. Several such online services are available, and some of them link to mobile and desktop wallets, replicating your addresses between different devices that you own. Hardware wallets Hardware wallets are currently very limited in number. These are dedicated devices that can hold private keys electronically and facilitate payments.

Ledger USB wallet he compact Ledger USB Bitcoin Wallet uses smartcard security and is available for areasonable price. CoinDesk reviewed this wallet in December 2014. KeepKey launched a hardware wallet in September 2015, which is priced at $239 a unit. The KeepKey wallet software was originally a fork of Trezor's code.

Sep 28, 2016 | Bitcoin shaped sticker

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What is bitcoin minning


Bitcoin Mining is the process by which Bitcoin Digital Currency is created. Mining verifies transactions on the Blockchain (a ledger of transactions, a copy of which is 'distributed' widely across computers worldwide, peer to peer) and a reward is given to the successful verification of these transactions. The awards add up and eventually (with quite some difficulty) a Bitcoin is created. Therefore a Bitcoin Miner is very much like the Federeal Reserve, because they literally create money. In fact you, yourself can become a Bitcoin miner from as little as US$25. Bitcoin is Digital Money. It works just like bits of information. Very long digital codes that represent a verified, unique representation of money. This can be transferred Peer to Peer, or Person to Person and eliminates the need to have banks. It is very popular in countries where currency has depreciated rapidly. People in those countries have moved to Bitcoin, which can be spent normally through EFTPOS and VISA and MASTERCARD Debit Cards at Retail. Eventually, digital money will naturally replace cash money. You can diversify your savings into Bitcoin to hedge against currency devaluation, which is a very real thing world wide. For more information contact www.glynmaclean.com

Apr 21, 2014 | Computers & Internet

1 Answer

Bitcoin history


Bitcoin was created by Satoshi Nakamoto (assumed to be a psudonym) and consists of a ledger which is distributed across computers, Peer to Peer called a blockchain. This ledger records tranasactions. Bitcoin Mining is the process by which Bitcoin Digital Currency is created. Mining verifies transactions on the Blockchain (a ledger of transactions, a copy of which is 'distributed' widely across computers worldwide, peer to peer) and a reward is given to the successful verification of these transactions. The awards add up and eventually (with quite some difficulty) a Bitcoin is created. Therefore a Bitcoin Miner is very much like the Federeal Reserve, because they literally create money. In fact you, yourself can become a Bitcoin miner from as little as US$25. Bitcoin is Digital Money. It works just like bits of information. Very long digital codes that represent a verified, unique representation of money. This can be transferred Peer to Peer, or Person to Person and eliminates the need to have banks. It is very popular in countries where currency has depreciated rapidly. People in those countries have moved to Bitcoin, which can be spent normally through EFTPOS and VISA and MASTERCARD Debit Cards at Retail. Eventually, digital money will naturally replace cash money. You can diversify your savings into Bitcoin to hedge against currency devaluation, which is a very real thing world wide. For more information contact www.glynmaclean.com

Jan 27, 2014 | Computers & Internet

2 Answers

Are there different kinds of virtual currencies or is bitcoin the only one?


there are a few other virtual currencies but bitcoin is the most talk about one out there. There is also Litecoin, Namecoin and PPCoin.

Oct 24, 2013 | Computers & Internet

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