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Bitcoin Forum > Economy > Economics > What is the Business Model Been used by Bitcoin ?
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GAUMZEE (OP)
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November 21, 2017, 01:35:31 PM
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Can anyone please give me a diagrammatic representation of what is the business model been used by Bitcoin ?
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November 21, 2017, 03:25:33 PM
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Bitcoin is a massive community and marketplace. There is no "business model" for Bitcoin itself.
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November 21, 2017, 04:23:40 PM
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Bitcoin is a currency, not a business. As such, it does not follow any business models. It would be more appropriate to ask about the business models of companies operating with bitcoins.
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November 21, 2017, 04:58:16 PM
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Bitcoin is a cryptocurrency rather than a business which focuses on a decentralised and foolproof system backed up by a type of technology called blockchain. Every monetary transaction is recorded on the blockchain as it mined into blocks while the miners receive an incentive which is the transaction fee associated with that transfer.
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