i use electrum, because it uses servers that index the Bitcoin blockchain. No Lock-In. You can export your private keys and use them in other Bitcoin clients. No Downtimes
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it is hard to see what would stop central banks from creating their own digital currencies and using regulation to tilt the playing field until they win. The long history of currency tells us that what the private sector innovates, the state eventually regulates and appropriates. I have no idea where bitcoin’s price will go over the next couple years, but there is no reason to expect virtual currency to avoid a similar fate.
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Security agencies and the US DoD have tech that is at least 30 years in advance of the stuff you buy on Amazon. Quantum was likely put into production for breaking RSA 2048 in the 1990's, which is why they stopped making such a big fuss. The fact that publicly available crypto is allowed to be freely shared should tell you it's all broken.
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Bitcoin now also allows a business to do a public audit of its assets. This in a way improves the consumer protection. A business can prove the use of its bitcoins without providing information about the source i.e. the customers. This gives scope for the consumer to do their research about the merchant before they do transactions.
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It depends on how do you compare them and what do you want to use them for. Ethereum is better than Bitcoin and Bitcoin is better than Ethereum at the same time.
They’ve made several completely different design choices and as with every choice it opens some oportunities and closes dosens of others.
I would highlight a couple of main differences:
Purpose
Bitcoin is a currency Ethereum is a platform for running decentralized apps (aka smart contracts) Supply
Bitcoin is deflational The overall amount of BTC ever produced is limited Ethereum is inflational The ETH supply in unlimited Security
Bitcoin is simple and limited The built-in language is stask-based and stateless That’s why you can not express a loop and it’s not Turing-complete (this means, that there are some programs, that are impossible to write) Ethereum has a rich programming language built-in The built-in language is Turing-complete (this means that you can code anything you want) More complexity implies more opportunities to make an error Adoption
Bitcoin has a first move advantage My mom knows what Bitcoin is The community is a lot bigger It’s easier to get started There are already a lot of places where you can pay with BTC Ethereum is less known and younger It uses “move fast and break things” motto It learned from Bitcoin and fixed a couple of issues in it’s design The community is smaller and therefore has more developers than speculators
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Very simply, transferring money through bitcoin involves: using your local currency to purchase bitcoin, then selling your bitcoin for the international currency you want. Your recipient receives your bitcoin transfer in a bitcoin wallet. They need to sell the bitcoin for their local currency. Finally, they need to withdraw the currency to their bank account. Here’s how to transfer money through PayPal: fund your transfer with your PayPal balance, bank account, credit or debit card, or PayPal Credit, then send money to your recipient’s PayPal account. After your recipient receives the money, they can either keep the funds in their PayPal account or withdraw the money to their bank account.
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You can find investment site with best returns but of course with high risk because all of them are from ponzi schemes which you have to avoid it. And there are investment program with lower risk and your coins will be safe but the percentage of return is low. So you have to invest with long term to make big profit on it. You can find it on gambling casinos like crypto-games.
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it's trendy, it's all over FB and 'cause the perversity of it's power-hunger provides a reason to buy
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Username : MisterPrada Current Rank: Member Current Post Count: 117 Bitcoin address: 1MbJxPzPxQrtc8YEyGsMTnJZ4NVYt1it2r
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Bitcoin is getting more and more attention in media. When more and more people will get the information about what Bitcoin is, they will try and invest some $ in it.. This just brings the value higher. So let's hope new $ will always flow into the "river" and we will end up on the moon
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Btctalk name MisterPrada Rank member member Current post count 115 BTC Address 1NKcSayh6iq2HnmCLB9JtJZYY2uJ2gQkv9 Wear appropriate signature yes
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Here is a reason: Governments, first thing they do is from a currency. They like to control the currency. They control it through the central bank. They also like to know who has it, where it is, where its going
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One of the reason may by that people saw that btc increase began to buy btc and btc increase more
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First of all, BitCoin is available in a limited number and is already known exactly in which. All attempts to spread it and bring it to the global level. Due to the anonymity of transactions in this currency, criminal communities are laid, and BitCoin is also paid for illegal goods. Also in the world of the current world events, which greatly affect the course of BitCoin, for example, when banks began to buy this currency, it has sharply increased in price. The extent to which BTC can become a global one is not everyone understands, but attempts to control it as a currency of power are already being tried. Imagine how many underground casinos have appeared in which people play anonymously on BitCoin, you yourself understand the value of currency and anonymity in this case.
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For the underworld, BTC is a very good currency. On the black market, it's already been for several years that illegal transactions with payment of BitCoin have been committed. Of course, petty criminals like quick profits, but for some, the anonymity of the transaction is very important. Now, in connection with the growth of currency criminals also want to get it. They generally do not care, the main thing is that anonymously and without intermediaries. If among those present there are such crimes, maybe they will open a small curtain and tell something)
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Anyone who can, will definitely try to influence the course of BTC for its own benefit.
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The quantity of BTK is limited as one of the factors making it valuable. Oil would have been cheap if it were very large and easy to mine.
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Invest your money and let them bring you dividends. On the cranes you will not go far.
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The bitcoins are finite, and the US can borrow indefinitely. I think it is unlikely that BTC will completely absorb all the finances. If there was such a threat, I think governments would solve these problems.
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Of course it is worth investing. Of course, you can not raise millions, but you can probably multiply your investment several times.
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