BITCOIN,yes OR not?

in #bitcoin7 years ago (edited)

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FIRST THING...WHAT IS BITCOIN?

Bitcoin is money,virtual money,more specifically is a virtual currency but you can use it to buy cars,food and more things.
Anyone can create it,and is not subject to BANK CONTROL!

GENERAL INFORMATION.

Bitcoin bor in 2009,the nickname of the inventor is Satoshi Nakamoto,his true identity still unknow,the creation and exchange of this currency occours through the peer-to-peer protocol.
With this virtual currency you can buy real goods,three are more and more people and shops who accept it as money,but you can also sell it in exchange for cash.

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The ability to add new bitcoin isn't infinite.
Three is a definitive limit,which is 21 milion units.
The availability of new coins grow up like a geometric series every 4 years,so the figure of 21 million Bitcoin generated will be reached in 2140.

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On every bitcoin there is write who owns it. In this way you can spend it once,a system to avoid possible scams.
The use of Bitcoin guarantees anonymity. This is partially true. The transaction of each Bitcoin address,are public and kept forever in the network.
In other words,the activities of each Bitcoin address can be consulted by anyone.
However,the owner's name is in no way coinceivable until himself reveals it during a transaction.
For this reason,virtual currency creators advise you to create a new Bitcoin address every time you reiceve money,especially when it comes to transaction made through a website that is public.

Hope i helped someone to understand what Bitcoin are.
Write also in the comment if you have advice to give me and what do you think about my research.

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