Free Essays on Bitcoin - The Invisible Currency.
The most epic financial transaction of this century ( at least until now ), took place on May 22, 2010. Wall Street or the City of London was not there location where it happened.
If you use Bitcoins, you won’t have to release personal information online. If you got into bitcoins early enough, you would have made an unreal amount of money. In 2009, a man named Kristoffer Koch bought about twenty-seven dollars worth of bitcoins, about 5,000 at the time.
In many ways, bitcoins function essentially like any other currency, and are accepted as payment by a growing number of merchants, both online and in the real world. But they are generated at a predetermined rate by an open-source computer program, which was set in motion in January of 2009.
Why use bitcoin the currency? Bitcoin the currency was the first of its kind: a global, decentralized cryptocurrency. While this sounds strange, it actually makes sense. As the world becomes less dependent on states and borders, the internet is a shared space where anyone in the world can communicate or create business.
Bitcoin is a cryptocurrency created in 2009. Marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies.
It is clear that Bitcoin is gaining interest and use around the globe. Bitcoin, and its operational child, blockchain technology, have a future in the world markets. However, it is likely that governments all over the world will resist a pan-global asset that operates beyond their reach and can facilitate activities that run counter to their laws and rules or political agenda.
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