Lately it's thrown with the emergence of a digital
currency or Cryptocurrensy, one of the currencies now booming bitcoin. Bitcoin
was originally created by Satoshi Nakamoto in 2007. The development of Bitcoin
from time to time has shown a significant development. at the time of bitcoin
for transaction purposes in 2009, bitcoin has been registered to dozens of
websites and continues to mushroom nowadays. this currency is also
decentralized, whose water is not centered on a single administrator so that
all transaction records in blockhain ledger (Ledger Blockchain) can be managed
by all users around the world.
Some Advantages Of Bitcoin Are:
- Transpran. All users of Bitcoin can see the transaction histoti already done, so the transfer can be done anytime
- Transter is more effective. We can send Bitcoin anywhere in seconds, then the transfer fee is very cheap which is about Rp. 500 - 3,000 per transaction.
- Security. Ledger Bitcoin is very open to the public so counterfeiting of transactions is not possible. All transactions Bitcoin transparent and spread to various users around the world.
Beginning Of Bitcoin Success
With increasing levels of trading difficulties and the
underlying cryptocurrencies, on November 6, 2010, Bitcoin finally broke the USD
1 billion equivalent in MtGox, a market that includes all cryptocurrency
transactions. The exchange rate versus the US dollar is strong, ie $ 0.5 per
BTC (the nominal name for Bitcoin), allowing the purchase of Bitcoin in large
quantities.
In addition, Bitcoin is being accepted everywhere. The
famous Milestone from Bitcoin history is a real-world pizza deal for 10,000 BTC
on May 22, 2010, which successfully catapulted Papa's Specialty, a brand name
that provides, as the world's most expensive pizza provider. The next
real-world products also started following, even socks were bought using
Bitcoin
Bitcoin Failure
In the process of running for success there must be a
failure to be experienced, as with digital currencies, Bitcoin also has its own
failure experience.
Despite its rising value, Bitcoin also experienced a
decline in value of up to $ 0.06 per BTC before its slow increase on October 7,
2010. On August 30, 2011, Bitcoin experienced a decline in the value of the currency,
which fortunately could be adjusted on the transaction block 143,136 .
Do not stop there, Bitcoin also had "rage"
with Paypal on June 4, 2011, where Bitcoin transactions were stopped because of
fraud indicated. In addition, Bitcointalk.org, a site that stores Bitcoin
visitors and customers data, has also experienced hacking issues on October 2,
2013.
Bitcoin still can not be fully accepted in some parts
of the country, including China which for several years ago strongly opposed
the circulation of Bitcoin. Another country similar to China, Russia, also has
a "counter-Bitcoin" policy, which does not allow transactions other
than currencies issued by the Russian government.
Bitcoin Bloat Price Rises Back
the digital currency technology embedded in Bitcoin
gives us a new perspective on the true "paperless transaction"
viewpoint.
Bitcoin's price increase is supported by the world
community that is increasingly inclined to choose Bitcoin for its transaction
tools rather than paper money or coins, including Indonesia. With the opening
of Bitcoin's new "lands" of mining, Bitcoin has the potential to
shift the world's financial markets, including global financial reserves.
If this happens, then the price of Bitcoin versus the
current currency in the world will rise in line with the weakening conditions
of the conventional currency market. In other words, Bitcoin's "paperless
transaction" era is not just about payments, but also its increasingly
higher currency value thanks to the huge consumer demand and the superior state
of Bitcoin in the financial markets.
The many enthusiasts who demand an increasingly urgent
demand, on the one hand the limited amount makes Bitcoin continuously produce
and increase the selling price. So, do not be surprised if Bitcoin currency
becomes expensive.
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