Bitcoins. What is that?
12 years ago
Hi, Kenji here.
I read in FayeWayer about Bitcoins and each one of them with $99 of value.
It's proclaimed as the money of the future.
I didn't understood how works but technically is buying money with money or something like that.
Is other safe way for digital transactions?
Comments below!
---Kenji---
I read in FayeWayer about Bitcoins and each one of them with $99 of value.
It's proclaimed as the money of the future.
I didn't understood how works but technically is buying money with money or something like that.
Is other safe way for digital transactions?
Comments below!
---Kenji---
http://en.wikipedia.org/wiki/Bitcoin
But I don't know if this would be useful in the future if someone decides to open commissions for bitcoin portions in exchange (because as I understood reading the blogs, the system works buying or paying with portions, not with the entire thing).
also "peer to peer" is roughly the same as a torrent or how most big corp game companies handle updaters. it'll happen in parts and when its all assembled, the program packages it and sends it to proper destination, still encrypted but "solved" as far as a transaction goes and miners care.
http://www.theverge.com/2013/3/30/4.....sses-1-billion
Last week it was mentioned that the US Treasury dept gave it a thumbs up, and said "So, interesting publication came out on the 18th, from the U.S. Department of Treasury, the Financial Crimes Enforcement Network. And if you just Google "FIN-2013-G001," it's the first link that comes up, FIN-2013-G001. What you get is a PDF about Bitcoin."
If you're not a geek, you may not want to dive head first into all of this, but it's there if you want to read it. They also mention a website you can go to and find out how secure a website (like your bank, for example) is, or isn't.