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Author Topic: [2016-11-18] 5 Merits of Bitcoins That You Didn't Know  (Read 327 times)
Adamsmit556 (OP)
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November 20, 2016, 05:43:07 PM
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Seattle Patch has released news article in their website about the advantages of bitcoins for an average joe. I think that this gives out good information to those people who are not familiar with bitcoins and what could they advantage from using bitcoins. Link:  http://patch.com/washington/seattle/5-merits-bitin-you-didnt-know

Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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November 20, 2016, 07:08:35 PM
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So the 5 things are financial trading, playing Poker, lending, Guns and you are the owner of your money alone...
The quality of this article is a little bit poor, maybe it could be useful for the beginners but it could be improved  Smiley

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Adamsmit556 (OP)
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November 20, 2016, 08:20:44 PM
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So the 5 things are financial trading, playing Poker, lending, Guns and you are the owner of your money alone...
The quality of this article is a little bit poor, maybe it could be useful for the beginners but it could be improved  Smiley

 I agree with that and as I said before, assuming that the article is made for those who are not familiar with the Bitcoins.

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November 21, 2016, 08:07:32 AM
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Unfortunately, the author is a little confused:

Quote
Bitcoins is a mobile system ...

No.

Quote
... the system is not easy to hack since it has a military grade encryption ...

No. Nothing is encrypted.

Quote
... you just transfer the money and it is available immediately. ...

No. Not immediately.

Quote
... there is no established owner of the mobile software ...

Umm, what is with the mobile software?

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people think it could be an Australian app developer known as Satoshi Nakamoto, but he denied the claims on his blog post.

Sorry. Nothing is that sentence is even remotely accurate.

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