Presentation: Bitcoin
By: Leif Fieldden
A form of digital currency which cannot be created and has to be found.
It is produced by businesses around the world and cannot be controlled by anyone. Because of this governments cannot properly tax Bitcoin and there are difficulties attempting to regulate it.
If an individual is unable to find their own Bitcoins they are able to purchase it. How it was explained in the presentation Bitcoin prices are not set in stone, a person who is selling Bitcoin sells it for a determined price and an another person from somewhere in the world who wants it for around that price can buy it. Bitcoin can be bought with normal currency.
In order to own Bitcoin you must have a Bitcoin wallet which can be bought online. Different wallets offer different levels of protection.
An individual who has been suspected to be the inventor of Bitcoin is a man named Satoshi Nakamoto, but this is not conformed and is suggested by the presenter.
Bitcoin at one point was used on secret websites selling questionable to illegal goods such as porn, drugs, and at times weapons.
No comments:
Post a Comment