A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
It's a specialized sub for hardcore Bitcoin enthusiasts who are avoiding to own/use fiat money. In our everyday life we are using the real money - Bitcoin. For a more general sub about Bitcoin, see /Bitcoin/ and /BitcoinBeginners/
Money arose via market transactions, and precious metals have served as money for thousands of years. Then government, for its own reasons, monopolized the creations of money. It has been a disaster ever since. Competing currencies, without government intrusion, will clean up this mess. Is Bitcoin a step in the right direction? YouTube URL: https://youtu.be/2cwzghttSlI
Bitcoin, without a doubt, is a tremendous innovation that will be celebrated for decades to come, but the issues forestalling wider adoption are being addressed by new market entrants. Fixing the ... Bitcoin is not a (good) means of exchange. (At best its way worse than ‘fiat’ money.) Reality: Bitcoin is an excellent means of exchange. You can’t reverse a bitcoin payment like a payment ... bitcoin may be the best form of money we have ever used. The table below represents how bitcoin and cryptocurrencies, in general, compare to gold and sovereign currency as money.. Note: This chart doesn’t take into account that bitcoin has fungibility issues which make both gold and fiat better in that particular category. This is a problem that could be solved in the future if the network ... Bitcoin is a cryptocurrency created in 2009. Marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies. With “global money printing orgy,” a possible another trillion-dollar stimulus package, and “money growing on trees,” Novogratz said this is the year for bitcoin.
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