Thursday, July 25, 2013

In Bitcoin We Trust?

Now you probably have heard a bit of a coin, you can define it?

In most cases, it is described as a non-governmental digital currency. Cryptocurrency origin, or a nod of the cybercurrency sometimes is called coin-bit encryption. This description accurate enough, but they miss the point. I think the U.S. dollar is a green piece of paper in the description pictures.

I have my own way of coins and asked to explain. I do not think shop store credit. Pre-paid phones without the phone. No precious metals. Public and private debt is not legal tender, the party who does not want to take it gently. Faith and credit of the instrument based on anonymous authors, except I can give some credit, I do not put faith in what his creativity depends on the person.

10 ft USB cable, I do not touch the bit coin. However, a significant number of people can be pretty fast already.

Facebook's corporate origins Cameron and Tyler Winklevoss-bit into the mainstream coin best known for his role in the company's own tech-savvy, and in part because of the money that you want to use for

It started trading the financial exchange bi tcoins Winklevosses. ETF direct technical know-how, you digital currency coin investors a bit more widely available there is no need to purchase. Winklevosses in January to hold about 1% of all existence is called bitcoins.

Anonymous decryption bit coin premise that people can work an important therapeutic value determined in good enough, so part of the code of intangibles in 2009 was by a bit. Bitcoins are a digital representation of currencies pegged to the existing one does not exist.

Bit coin, according to the website, "a new type of encryption used to control the money the central government and its creation and trade instead of relying on the coin than the bit is designed around the idea." (1) A new computer algorithm to find bitcoins virtual coins "light" is the solution. Exceeded $ 21 million last supply of bitcoins Bitcoins' are purported authors said.

While some companies promote, and (2) itself is "a very safe and affordable way to process payments" bit coin in the real world has made a motion to accept bitcoins. Most of the people working in the black market.

Bitcoins on the part of financial institutions to set up, does not participate anonymously, are traded over the Internet. 2012 drugs and basic bit of dollars exchange bi tcoins mountain of coins other black market sales of products accounted for approximately 20% of the flow. GOX. Drug regulatory agencies to tie the recent illegal drug trade and the Silk Road anonymous bit coin market in the sale of prescription only reported the first attack was carried out was a bit of coin.

As a means to avoid taxes you some bits that can serve as the coin proposal, please contact In fact, the original tax plan offers all the roles in that, but to help the illegal tax evasion that may be true in the sense of bitcoins. Cash in accordance with federal tax law, taxation of transactions by hand, do not need to be changed. Barter and other non-cash exchange is not yet fully taxable. That there is no reason to be treated differently, including trading bitcoins.

Using bitcoins to buy anything major devotees bit outside the criminal elements of the coin is the speculative intent. Limited supply of bitcoins investors are confident that the ongoing value of the force along the track has increased.

Bit coin actually can see some significant spikes is worth. But it also experienced major losses, such as 24 hours per month was reduced to 80%. At the beginning of the month, April high of $ 266 before the crash bitcoins dropped about $ 90. They are close to $ 97 this week, according to trade, mtgox.com.

Make a small investment or lose the coin to the fact that, in some cases, without the hassle of buying and storing electronic coin Winklevosses, investment income more easily. Despite the claims of security, bit coin storage issues proved In 2011, the attack on the mountain. GOX exchange forced to shut down temporarily and the price of bitcoins briefly dropped to almost zero occurs. Because of this, all anonymous coin trading, you suddenly find your e-wallet is empty, to track criminals have very little chance. The ETF will help protect you from the threat of theft and private investors Winklevosses if approved by the regulatory authority must be. ETF, but the volatility will do nothing to solve the problem of large-scale theft from coin market is slightly different.

Fri: Bit Coin-art veneer, with a surprising amount of common out wrapped in one of the oldest call during the call to provide. Bit Coins own vocabulary, deliberately to emphasize the connection geureotgeyi especially the term "mine". Traditional resources, such as supply control, mimicking extracted from the ground by mining process is designed to be difficult. Far from providing a sense of security, however, the role of the investigation said.

Gold is the best investment. It has little intrinsic value. It does not generate interest. Because the supply is limited, it will be found printed on the form of money that can be more reliable than.

The problem is that gold does not do anything. Most of the world's gold now because the central bank and other financial institutions, using a drop of gold sitting in a vault. As a result, the gold is not connected to the real economy, almost. It may look good when you feel like a real economy can be a scary place. But soon other attractive investment option gold appears to lose the light. It is the price of gold, we can see the last drop.

Alcohol increases the regulatory recognition of his promoter, if forced to seek some coins have. Last month, the mountains. Registered money service business with the Treasury's Financial Crimes Enforcement Network GOX. CDD measures increased. Financial Crimes Enforcement Network to clarify the application of the rule in the virtual currency of imposing the change was in response to the directive. Winklevosses' proposed ETF will bring a new level of responsibility.

In the end, however, I expected to disappear back into the shadows of the black market asked for a coin. They can be used for legitimate business transactions, security, and to call the people and transparency of state-sponsored security is much more than a coin-bit is already sufficient resources, the economy and the actual regulation, and select the one that can provide a lot of calls.

Jewelry can not be used on coin coin after the bubble burst bit, we even left.

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