LoginLogin


   
 
 
 
 
 
 
 
  Ask question  

Fitness Forum

 
 
  View categories     View subjects  
 

Category: Bodycare

 
 
 
 
Tuesday 5/14/2019 10:14 AM Click to link directly to this post, then copy the URL in the address field: In Bitcoin We Trust?

In bitcoin we trust?

The Winklevosses hope to start an exchange-traded fund for bitcoins. An ETF would make Bitcoin more widely available to investors who lack the technological know-how to purchase the digital currency directly. As of April, the Winklevosses are said to have held around 1 percent of all existent bitcoins. Created in 2009 by an anonymous cryptographer, Bitcoin operates on the premise that anything, even intangible bits of code, can have value so long as enough people decide to treat it as valuable. Bitcoins exist only as digital representations and are not pegged to any traditional currency.

According to the Bitcoin website, "Bitcoin is designed around the idea of tetris for bitcoin a new form of money that uses cryptography to control its creation and transactions, rather than relying on central authorities." (1) New bitcoins are "mined" by users who solve computer algorithms to discover virtual coins. Bitcoins' purported creators have said that the ultimate supply of bitcoins will be capped at 21 million.

While Bitcoin promotes itself as "a very secure and inexpensive way to handle payments," (2) in reality few businesses have made the move to accept bitcoins. Of those that have, a sizable number operate in the black market.


  Reply  
 
 
 
 
 
 
 
Fitness Directory | Indoor cycling | Fitness & exercise group | ABC of fitness | Find Exercise Friends | fitness, training, exercise | Fitness linked words | ExerciseOrganizer.com
Top Sites Fitness