Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. Bitcoins are stored in a digital wallet, which is like a virtual bank account that allows users to send or receive bitcoins and pay for goods or services. Bitcoin is anonymous, meaning that, while transactions are recorded in a public log, the names of buyers and sellers are never revealed.
@85QWNPG4yrs4Y
Yes, and eventually all countries will switch to blockchain currencies with randomized encryption, but until they’re protected against a CME from our sun, it is not a viable alternative.
@8DMZTV24yrs4Y
I have really no opinion on this
@8FPLGKD4yrs4Y
No, not until after the advent of quantum computing, should it ever come, for fear of rapid dissolution of value.
@8GR8N5C4yrs4Y
I do not entirely see the benefits or the downsides
@8GTKMJY4yrs4Y
If they want, I am fine with it.
@8L2DQDJ4yrs4Y
no because the value of it can change daily
@8LG9WPJ4yrs4Y
Yes, but it should not replace our national treasury-backed currency, should be regulated before it's out of control. If Bitcoin is classified as a legal currency then the government can regulate and tax it.
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