Bitcoin Documentary

in #bitcoin6 years ago

What is BITCOIN? #BitcoinQueen

Bitcoin is a digital currency that was created in 2009 by an unknown person using the alias #SatoshiNakamoto. Transactions are made with no middle men. There are no transaction fees and no need to give your real name. More merchants are beginning to accept them: You can buy a pizza or even a house.

Bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is #Decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.

A Bitcoin holds a very simple data ledger file called a Blockchain. Each #Blockchain is unique to each individual user and his personal BITCOIN wallet.

All BITCOIN transactions are logged & made available in a public ledger, helping ensure their authenticity and preventing fraud. This process helps to prevent transactions from being duplicated and people from copying bitcoins.

Using bitcoin is similar to using other private applications on the internet, such as email or online banking. Just like these other web services, you must access your bitcoin with a password in order to ensure only you have access to your money.

You can also convert your bitcoin into any type of currency while transferring it to your bitpay visa card. You can hold your bitcoin in a vault wallet & send the exact amount of money you want on your visa card at any time.

Earn daily & hold your bitcoin. Set a goal of your yearly income you want to be at.
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For future viewers: price of bitcoin at the moment of posting is 7565.10USD

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