Bitcoin/Cryptocurrency by Kei Vanden Bos [STUDENT] https://padlet.com/kei2137987/t7swx7a9go5z1a7q Assignment en-us 2021-03-18 03:28:36 UTC 2023-03-17 12:34:04 UTC hello@padlet.com kei2137987 https://padlet.com/kei2137987/t7swx7a9go5z1a7q/wish/1323678464 Bitcoin:  a type of digital currency in which a record of transactions is maintained and new units of currency are generated by the computational solution of mathematical problems, and which operates independently of a central bank.]]> 2021-03-18 03:30:15 UTC https://padlet.com/kei2137987/t7swx7a9go5z1a7q/wish/1323678464 kei2137987 https://padlet.com/kei2137987/t7swx7a9go5z1a7q/wish/1323680985 2021-03-18 03:31:39 UTC https://padlet.com/kei2137987/t7swx7a9go5z1a7q/wish/1323680985 Bitcoin works by being "fake money". What this means is you can't really use it for money, but because it is getting rarer the value of it keeps going up. Right now, the current value of bitcoin is about 50,000 to 60,000 US dollars. kei2137987 https://padlet.com/kei2137987/t7swx7a9go5z1a7q/wish/1323681573 2021-03-18 03:31:59 UTC https://padlet.com/kei2137987/t7swx7a9go5z1a7q/wish/1323681573 kei2137987 https://padlet.com/kei2137987/t7swx7a9go5z1a7q/wish/1323683770 2021-03-18 03:33:12 UTC https://padlet.com/kei2137987/t7swx7a9go5z1a7q/wish/1323683770 Cryptocurrency: a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority. kei2137987 https://padlet.com/kei2137987/t7swx7a9go5z1a7q/wish/1323684138 2021-03-18 03:33:24 UTC https://padlet.com/kei2137987/t7swx7a9go5z1a7q/wish/1323684138 Cryptocurrency is, "A form of payment that can be exchanged online for goods and services. Many companies have issued their own currencies, often called tokens, and these can be traded specifically for the good or service that the company provides. Think of them as you would arcade tokens or casino chips. You’ll need to exchange real currency for the cryptocurrency to access the good or service." kei2137987 https://padlet.com/kei2137987/t7swx7a9go5z1a7q/wish/1323685320 2021-03-18 03:33:58 UTC https://padlet.com/kei2137987/t7swx7a9go5z1a7q/wish/1323685320 kei2137987 https://padlet.com/kei2137987/t7swx7a9go5z1a7q/wish/1323687136 2021-03-18 03:34:48 UTC https://padlet.com/kei2137987/t7swx7a9go5z1a7q/wish/1323687136 What this arrow means is Bitcoin is cryptocurrency . kei2137987 https://padlet.com/kei2137987/t7swx7a9go5z1a7q/wish/1323687406 2021-03-18 03:34:57 UTC https://padlet.com/kei2137987/t7swx7a9go5z1a7q/wish/1323687406 kei2137987 https://padlet.com/kei2137987/t7swx7a9go5z1a7q/wish/1323689182 2021-03-18 03:35:54 UTC https://padlet.com/kei2137987/t7swx7a9go5z1a7q/wish/1323689182 If you keep your Bitcoin for a long time and it doesn't crash, you could sell it for some serious money. kei2137987 https://padlet.com/kei2137987/t7swx7a9go5z1a7q/wish/1323689395 2021-03-18 03:36:00 UTC https://padlet.com/kei2137987/t7swx7a9go5z1a7q/wish/1323689395 kei2137987 https://padlet.com/kei2137987/t7swx7a9go5z1a7q/wish/1323691407 2021-03-18 03:37:04 UTC https://padlet.com/kei2137987/t7swx7a9go5z1a7q/wish/1323691407 If you sell your cryptocurrency at the wrong time well, it lost value and will now cost almost nothing. kei2137987 https://padlet.com/kei2137987/t7swx7a9go5z1a7q/wish/1323691659 2021-03-18 03:37:12 UTC https://padlet.com/kei2137987/t7swx7a9go5z1a7q/wish/1323691659 kei2137987 https://padlet.com/kei2137987/t7swx7a9go5z1a7q/wish/1323694145 Sources: NerdWallet, CNN, and Fox News.]]> 2021-03-18 03:38:29 UTC https://padlet.com/kei2137987/t7swx7a9go5z1a7q/wish/1323694145