The Benefits Of Bitcoin

in #bitcoin7 years ago

The benefits of Bitcoin are both flexible and global. When to send general money abroad so you need through a complicated system and also consume when, so with virtual currency just on-line, then click on this and that too.  Bitcoin transactions without any prerequisites and also the value can be from start so small to infinity. No taxes, no ongkirs, no fee shaped whatsoever.  Beyond that, Bitcoin became an alternative livelihood for the citizens of several countries whose currency values ​​were destroyed and also its economy was plagued by crises, like Venezuela's last few days.  Bitcoin users are then somewhat "protected" from the economic problems affected by their compatriots because they are not influenced by the fall of their currency and can always transact smoothly with local or international partners.  Many fear the absence of Bitcoin legality, either in Indonesia or abroad.  The Indonesian government seems to have taken a wait and see attitude. In February 2014, Bank Indonesia mentioned that Bitcoin and other virtual currencies are not legitimate means of payment in Indonesia.  Bank Indonesia also urges people to be aware of the virtual currency, while mentioning that the risk of usage or ownership of virtual currency is guaranteed by the users themselves.  However, some other countries take a different attitude. The United States assumes Bitcoin as an investment asset and is also taxed. Russia forbids everything from trading to virtual currency.  Likewise, Venezuela, after knowing many illegal market transactions using Bitcoin, kept many miners and also closed the largest Bitcoin exchanges there.  FBS Markets Inc For a moment China is preached to make their own crypto currency

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A very nice explanation/introduction to some of the basic benefits of bitcoin.

This is something that all newer people should read.

Thank You Brother
:D

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