https://padlet.com/pil0002/hymuwe4m3di5 en-us 2016-07-25 00:50:16 UTC 2025-04-24 09:19:27 UTC hello@padlet.com pil0002 https://padlet.com/pil0002/hymuwe4m3di5/wish/116887551 Bitcoin is a digital asset and a payment system created by Satoshi Nakamato and open source software that encourages developers to make Bitcoin and Block chain a more sophisticated software]]> 2016-07-25 00:51:49 UTC https://padlet.com/pil0002/hymuwe4m3di5/wish/116887551 pil0002 https://padlet.com/pil0002/hymuwe4m3di5/wish/116890585 Bitcoin mining is legal and is accomplished by running SHA256 double round hash verification processes in order to validate Bitcoin transactions and provide the requisite security for the public ledger of the Bitcoin network. The speed at which you mine Bitcoins is measured in hashes per second.]]> 2016-07-25 01:31:09 UTC https://padlet.com/pil0002/hymuwe4m3di5/wish/116890585 pil0002 https://padlet.com/pil0002/hymuwe4m3di5/wish/116980853 -  Black Market
- Security
- Malware
- Ransomware]]> 2016-07-26 04:55:37 UTC https://padlet.com/pil0002/hymuwe4m3di5/wish/116980853 pil0002 https://padlet.com/pil0002/hymuwe4m3di5/wish/116981379 Some Argentinians have bought bitcoins to protect their savings against high inflation or the possibility that governments could confiscate savings accounts. During the 2012–2013 Cypriot financial crisis, bitcoin purchases in Cyprus rose due to fears that savings accounts would be confiscated or taxed Other methods of investment are bitcoin funds. The first regulated bitcoin fund was established in Jersey in July 2014 and approved by the Jersey Financial Services Commission.[259] Also, c. 2012 an attempt was made by the Winklevoss twins (who in April 2013 claimed they owned nearly 1% of all bitcoins in existence)to establish a bitcoin ETF. As of early 2015, they have announced plans to launch a New York-based bitcoin exchange named Gemini,[262] which has received approval to launch on 5 October 2015.[263] On 4 May 2015, Bitcoin Investment Trust started trading on the OTCQX market as GBTC.[264] Forbes started publishing arguments in favor of investing in December 2015.

In 2013 and 2014, the European Banking Authority[30] and the Financial Industry Regulatory Authority  United States self-regulatory organization,[266] warned that investing in bitcoins carries significant risks. Forbes named bitcoin the best investment of 2013. In 2014, Bloomberg named bitcoin one of its worst investments of the year.[268] In 2015, bitcoin topped Bloomberg's currency tables

To improve access to price information and increase transparency, on 30 April 2014 Bloomberg LP announced plans to list pries from bitcoin companies Kraken and Coinbase on its 320,000 subscription financial data terminals In May 2015, Intercontinental Exchange Inc., parent company of the New York Stock Exchange, announced a bitcoin index initially based on data from Coinbase transactions.]]> 2016-07-26 05:03:28 UTC https://padlet.com/pil0002/hymuwe4m3di5/wish/116981379 pil0002 https://padlet.com/pil0002/hymuwe4m3di5/wish/116981613 The decentralization of money offered by virtual currencies like bitcoin has its theoretical roots in the Austrian school of economics,[277] especially with Friedrich von Hayek in his book Denationalisation of Money: The Argument Refined, in which he advocates a complete free market in the production, distribution and management of money to end the monopoly of central banks.

Bitcoin appeals to tech-savvy libertarians, because it so far exists outside the institutional banking system and the control of governments.[279] However, researchers looking to uncover the reasons for interest in bitcoin did not find evidence in Google search data that this was linked to libertarianism.

Bitcoin's appeal reaches from left wing critics, "who perceive the state and banking sector as representing the same elite interests, […] recognising in it the potential for collective direct democratic governance of currency"[281] and socialists proposing their "own states, complete with currencies",[282] to right wing critics suspicious of big government, at a time when activities within the regulated banking system were responsible for the severity of the financial crisis of 2007–08,[283] "because governments are not fully living up to the responsibility that comes with state-sponsored money".[284] Bitcoin has been described as "remov[ing] the imbalance between the big boys of finance and the disenfranchised little man, potentially allowing early adopters to negotiate favourable rates on exchanges and transfers – something that only the very biggest firms have traditionally enjoyed".[285] Two WSJ journalists describe bitcoin in their book as "about freeing people from the tyranny of centralised trust ]]> 2016-07-26 05:06:19 UTC https://padlet.com/pil0002/hymuwe4m3di5/wish/116981613 pil0002 https://padlet.com/pil0002/hymuwe4m3di5/wish/117128011 When you pay a cheque from another bank into your bank, the bank will often hold that money for several days, because it can’t trust that the funds are really available. Similarly, international wire transfers can take a relatively long time. Bitcoin transactions, however, are generally far faster.

Transactions with credit card are instantaneous but this usually means that you are paying for this privilege. The chances are that you are probably paying a little too much. Transactions with bitcoins means that it has minimal fees.

Supported by the block chain. Prevents any sort of hacking and fraud. 

Convenient payment mechanism as everyone is talking in the same language.


]]> 2016-07-28 08:03:56 UTC https://padlet.com/pil0002/hymuwe4m3di5/wish/117128011 pil0002 https://padlet.com/pil0002/hymuwe4m3di5/wish/117156813 How bitcoin stacks up against different payment mechanisms]]> 2016-07-28 20:40:16 UTC https://padlet.com/pil0002/hymuwe4m3di5/wish/117156813 pil0002 https://padlet.com/pil0002/hymuwe4m3di5/wish/117157060 Increments in bitcoin transactions]]> 2016-07-28 20:47:32 UTC https://padlet.com/pil0002/hymuwe4m3di5/wish/117157060 pil0002 https://padlet.com/pil0002/hymuwe4m3di5/wish/117157092 Bitcoin VS other Cryptocurrencies]]> 2016-07-28 20:48:44 UTC https://padlet.com/pil0002/hymuwe4m3di5/wish/117157092