23 Jun '17, 9am

Is Bitcoin Money?

Is Bitcoin Money?

Authored by Valentin Schmid via The Epoch Times, Up 158 percent against the U.S. dollar this year, bitcoin is now the best-performing currency . Many are confused as to how this mathematical protocol can be worth more than $2,600, and why it keeps going up. The short answer: Bitcoin is money, just a little better and cheaper than the alternatives. If you don’t understand money, you cannot understand bitcoin. For most of us, money is the U.S. dollar, the fiat currency of the United States issued by the Federal Reserve and maintained by the commercial banking system. But even this system is confusing. Most people don’t hold Federal Reserve notes anymore; they hold money in checking accounts or use their credit cards to buy things. This is electronic fiat money, stored on the servers of banks like JPMorgan Chase and Bank of America. This type of money is a great medium of exc...

Full article: http://www.zerohedge.com/news/2017-06-22/bitcoin-money

Tweets

Instead Of #BoyBand + #StationSummit #Win #Bitcoin & #Cash Playing #Slots #Games At

Instead Of #BoyBand + #StationSummit #Win #Bitc...

casinofetch.com 23 Jun '17, 12am

The reason they began to review sports betting site for American players is that they had friends that won six figures bet...

Here's a comparison of bitcoin and all of the world's money

Here's a comparison of bitcoin and all of the w...

businessinsider.de 25 Jun '17, 7pm

'Broad' money also includes the deposits in easily accessible bank accounts that can be converted into cash relatively qui...

Ganjapreneurs look to Bitcoin as big banks reject their money

Ganjapreneurs look to Bitcoin as big banks reje...

thecannabist.co 19 Jun '17, 1pm

Published: Jun 19, 2017, 7:29 am • Updated: Jun 19, 2017, 8:00 am By Jennifer Kaplan , Bloomberg Cannabis companies are tu...

via @gadfly

bloomberg.com 23 Jun '17, 12pm

Financial markets are frothier than a millennial's 3-D latte . Investors are scrambling to throw money at Argentina, Vice ...

Ethereum Set to Eclipse Bitcoin, Only Question ...

cointelegraph.com 23 Jun '17, 12pm

To some people, Bitcoin is an experiment that can end in one of two ways: it will either fulfill its promise to become the...

Bitcoin Q&A: Unstoppable code

youtube.com 22 Jun '17, 6pm

Governance and and the market share of Bitcoin. It drops in a cyclical way when people become temporarily disillusioned an...

Bitcoin is back at TripleClicks!

Bitcoin is back at TripleClicks!

news.sfimg.com 22 Jun '17, 3pm

And especially for SFI and its million+ affiliates all over the world, Bitcoin has the potential to be a real game-changer...

#bitcoin

cointelegraph.com 03 Jul '17, 7pm

Alibaba Would Accept Bitcoin Before Amazon, Goo...

cointelegraph.com 23 Jun '17, 11am

Alibaba should be the next global giant to accept Bitcoin according to 4,500 participants in a survey this week. 52 percen...

How to buy Bitcoin in seconds from your smartph...

cnbc.com 24 Jun '17, 1pm

You've seen all the headlines about bitcoin and other cryptocurrencies rising in value. Maybe you want to get in on the ga...

Bitcoin is Better Money, Ethereum is Really Not...

cointelegraph.com 14 Jun '17, 1pm

Vinny Lingham, the co-founder of Gyft and the CEO of Blockchain identity startup Civic, recently stated that Bitcoin is be...