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Bitcoin is now at 4140 dollars a coin, experts say it is here to say, Do you agree that the bitcoin may overtake the dollar? And would you reasonably adapt to using it if it became a standard currency?
CoinDesk - Leader in blockchain news.
Posted from coindesk.com
Bitcoin
Finance
Technology
Posted >1 y ago
Responses: 3
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But a Bitcoin isn't even a tangible object! How do you spend it? How do you make change for it? Can I buy a hamburger with it?
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SSG Derrick L. Lewis MBA, C-HRM
Only where it would truly be honored SSG Diane R., such as BURGER KING.
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Cpl Benjamin Long
Ok, multi facet question...
1.) Transactions are made via readers like credit card transactions
2.) Bitcoin has its own denominations satoshi, bit, millibit, and bitcoin, based on metric system.
3.) you can purchase any product as long as the vendor accepts the currency you trade in.
1.) Transactions are made via readers like credit card transactions
2.) Bitcoin has its own denominations satoshi, bit, millibit, and bitcoin, based on metric system.
3.) you can purchase any product as long as the vendor accepts the currency you trade in.
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I hate blockchain currency because it drives up the price of GPU's, and that makes it more expensive when I want to upgrade my gaming rig.
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Cpl Benjamin Long
Seriously only an idiot burns up a video card GPU when they can get 100 times the output with an ASIC Miner dedicated for bitcoin
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SGT (Join to see)
Depends on the encryption type, and what processes it better. With BitCoin there were new devices that came out that were FAR more efficient that GPU's. This was when the Radeon R9 290X was the king if bit coin mining.
Now, you have Ethereum and what you're speaking of, doesn't work well with it. Which is why the RX 480's, RX 580's, and GTX 1070's are being snapped up so quickly and jacking up the price of the GPU's.
Now, you have Ethereum and what you're speaking of, doesn't work well with it. Which is why the RX 480's, RX 580's, and GTX 1070's are being snapped up so quickly and jacking up the price of the GPU's.
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Such a thing is a step towards a global currency, which scares me. Look how the Euro and the countries using it have faired.
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Cpl Benjamin Long
how would this be a "Global Currency" Who would control it? and what evidence do you have to support your slippery slope argument?
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SGT (Join to see)
Think Euro to the next level. There is no control and that's a problem for me. Different currencies act as a checks and balances system between countries. Examples can be seen with Spain, Portugal, and definitely Greece.
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