What drives us to use the currency of the Bitcoin?
bitcoin·@brow10·
0.000 HBDWhat drives us to use the currency of the Bitcoin?
<html> <p>Bitcoin is a relatively new form of currency that is just the beginning of entering the mainstream of the digital world, but many people are still unaware of the reasons why we make the effort to use this digital currency. Here you will find 10 good reasons why it is important to engage in this digital currency.</p> <p><img src="https://i1.wp.com/arabbit.net/wp-content/uploads/2017/11/bitcoin.jpg?resize=450%2C300&ssl=1" width="450" height="300"/></p> <p>1 - <strong>speed during conversion</strong></p> <p>When you pay a check from a bank to your bank, the bank will often keep these funds for several days, because it can not trust that money is actually available. Similarly, international remittances can take a relatively long time. But for the Bitcoin it is different, generally much faster than traditional transfers. So that the transactions can be immediate if they do not require a confirmation of the network 'zero-confirmation', meaning that the trader is taking the risk of accepting a transaction that has not yet been confirmed by the Blockchain Network Bitcoin. Or the transfer can take about 10 minutes if the trader requires confirmation of the transaction. This is much faster than any transfer that takes place between conventional banks, especially international ones, or between different local banks.</p> <p><strong>2 - Cheap remittance fees</strong></p> <p>When the fees are cheap, and the transactions are also instantaneous, it is usually the trader (and possibly you) paying for that privilege. As some traders may charge fees on debit card transactions. While Bitcoin transaction charges are minimal or, in some cases, free.</p> <p><strong>3. Central Governments can not prevent them</strong></p> <p>Do you remember what happened in Cyprus in March 2013? When the central bank wanted to recover unsecured deposits of more than $ 100,000, causing major unrest for the local population. He originally wanted to take a percentage of deposits under this figure. But this can not happen with Bitcoin, because the currency is decentralized. That is, there is no central authority that can control them, and therefore the bank can not prevent or control them.</p> <p><strong>4. No refunds may be made</strong></p> <p>Once you send the Bitcoin, you lose the balance you sent. The person who sent the Bitcoin can not attempt to retrieve it without the consent of the recipient. This makes it difficult to commit the kind of fraud we often see with credit cards, where people make a purchase and then contact the credit card company to make a chargeback and effectively reverse that deal.</p> <p><strong>5 - People can not steal your payment information from merchants</strong></p> <p>Most purchases are made online today via credit cards, but when credit cards first appeared in the 1920s and 1930s, the Internet did not exist. So it was never assumed that using online credit cards is unsafe. However, online forms require that you enter all of your confidential information (credit card number, expiration date, and CSV) into your payment page.</p> <p> That is why credit card numbers continue to be stolen.</p> <p>But on the other hand, the Bitcoin transactions do not require you to give up any confidential information. Instead, they use two keys: a public key, and a private key. So anyone can see the public key (which is actually your own petqueen address), but the private key remains secret that nobody else knows. When you send a Bitcoin, you 'sign' the deal by combining the public and private keys together, creating a certificate proving that the transaction was issued to you.</p> <p> As long as you do not do anything wrong like posting your key to everyone, you are safe.</p> <p><strong>6. The protein can not be inflated</strong></p> <p>The problem with regular currency is that governments can print it as often as they want, and often do so. If there is not enough US dollars to pay off the national debt, the Fed can simply print more currency. In the event of a breach of the economy, the government can take the newly created funds and inject them into the economy, through a process that is widely published and known as 'quantitative easing'.</p> <p> This in turn leads to devaluation.</p> <p><strong>7. Confidentiality</strong></p> <p><br></p> <p>Sometimes, we do not want other people to know what we've bought. Bitcoin is a relatively confidential coin. In one sense, it is transparent - thanks to the Blockshain, since everyone knows what one of the addresses in the transaction has. They can also tell where these transactions came from and where they were sent. On the other hand, unlike traditional bank accounts, no one can know the identity of the holder of the specified Betcoin address. It serves as a clear plastic wallet for everyone with no visible owner.</p> <p> So that everyone can look at what is inside, but no one knows the identity of the owner.</p> <p><strong>8. You do not need to trust anyone else or a third party</strong></p> <p>In the traditional banking system, you have to trust people to handle your money correctly. So you have to trust the bank, for example. You may have to trust a third-party broker, and you will also often have confidence in the dealer. These organizations require sensitive information about your identity. But for Bitcoin, and because it is fully decentralized, you do not need to trust one or third parties when you use it. When sending any transaction, it is digitally signed, and securely. Then an unknproducer checks that transaction and then completes the transaction. </p> <p><strong> 9 - You are the only one who can control what you own of Betquin</strong></p> <p>No other electronic cash system allows your account to be owned by someone else. Take PayPal, for example: if the company decides for some reason that your account has been misused, it has the power to freeze all funds that hold that account without consulting you. You should then conduct a series of actions to establish the integrity of your account, and to recover your money again. With Bitcin, you have the private key and public key that make up yourbitcoin</p> <p> So no one can take your own bitcoinunless you lose your own key, or link it to a wallet service on the Internet and lose it).</p> <p> So the trader does not even need to know who you are, unless you want to reveal it yourself.</p> <p> </p> <p><strong> 10 - You can create your own bitcoin</strong></p> <p><br></p> <p>Despite the amazing progress in color printing technology, most national governments do not allow to some extent do the production of your money. But with Bitcon, it is encouraged. So you can definitely buy thbitcoi from the open market, as you can also create your own Pitcuffin if you have enough computing power. After you have enough money to cover your initial investment in equipment and electricity, the creation of the Pitcairn is simply a case of leaving the hardware and software running. </p> <p> Who among us does not want to make money through his computer during his sleep!</p> <p> </p> <p> </p> <p><br></p> <p><br></p> <p><br></p> <p><br></p> <p><br></p> <p> </p> <p><br></p> <p><br></p> <p><br></p> <p><br></p> </html>
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