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Summary: Are you familiar with the popular concept of bitcoins? Right now that bubble is floating many lines, one of recognition and increase of value, other of possible future regulation… and finally the realm of banned things. Governments are on the lookout for this new dimension crosser –coin- that is hitting our reality from the screen to the real world. The actual economic power of this virtual currency is yet to be well defined, nevertheless right now it’s getting a great deal of attention a
Are you familiar with the popular concept of bitcoins?
Right now that bubble is floating many lines, one of recognition and increase of value, other of possible future regulation… and finally the realm of banned things. Governments are on the lookout for this new dimension crosser –coin- that is hitting our reality from the screen to the real world.
The actual economic power of this virtual currency is yet to be well defined, nevertheless right now it’s getting a great deal of attention and work for certain areas of digital work.
Let’s round the concept of bitcoins first.
In simple words, it is right now a free digital coin that has great value, sometime even beyond regular money, and it can be created at will as an open source, through free individual software. This coin as it can be transferred to someone else, it also have great possibilities of being a hoax, since it has basically no rules because it’s not always under a digital ledger system, people can literally mine bitcoins from programming.
The Bitcoin protocol holds a great system right now, but it is still in the works. Nevertheless it presents an impressive opportunity for an alternative market for new economy.
One of the ongoing issues of this spectrum is the fact that… the ledger is public, so everyone could mess with it at certain level, since there are not official third parties that mediate the table.
Public Views!
Virtual coins compete directly with the classic banking networks of the world, and given the concept are gathering something greater than just plain popularity. It is only natural that people at main banks of the world are freaking out about it.
So right now India is calling out for the urgency of taking the rightful measures to handle the issue of the growing VC market right away; this is not shocking due to the fact that Bitcoin exchange is dancing around at almost $12 million in funding numbers.
Professionals of the Disciplinary Committee are taking presence in the leadership of managing the status of Virtual Coin mining activity at the internet.
The discussion thread is separating the possibility of a regulation to bitcoins from the concept of a decomposition of its valuable place in the broad market of the main countries that control coins.
The crypto currency has gathered strength enough until now, even though is not at all main media right now, most people have an idea of what it is but not why does it worth so much regarding the nature of its origin.
Digital coins are being used in several countries as valid money to consume, pay for things, services, and more.
The lack of common word on how to call and define bitcoins is a part of the issue too. If it is considered a problem by many and an advantage for others too, then it should be rightfully addressed and establish certain rules in order to use it. Their role holds a strong polemic that could make things worse for the coming days rather than a benefit; although this can change depending on which side of justice you are on.
6 years, 11 months ago
Virtual bank
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