Neither yen nor dollar, bitcoin

Neither yen nor dollar, bitcoin

If you want Bitcoin, ask for Escalicha in Cambrils, which is sold for 845 euros, or Sevillian Basybil for 503. You can’t even see it or touch it or really exist, but it was paid for 10 euros in January, now 500 euros, on the whim of a mysterious market, anonymous but more common every day.

Exchanges like Mt.Gox do 80% of all Bitcoin transactions, but there are also transactions between individuals, more cautious. There are 30 pseudonyms in Localbitcoins, from Huesca to Malaga, all selling virtual currencies.

Created in 2009 by Satoshi Nakamoto, of which it is unknown whether it is an individual or a group, there is no trace in any way, Bitcoin is a decentralized, anonymous and secure monetary system independent of governments and banks; a A cryptocurrency with a P2P circulation system, in its class.

Satoshi Nakamoto traced the entire monetary system: regularly creating up to 21 million bitcoins in 2140 (there are currently 11 million bitcoins), rewarding computer scientists for validating transactions and preventing the same through extremely complex mathematical operations on thousands of computers of Bitcoin is used for more than one operation.

This spring, the University of Cyprus in Nicosia will accept bitcoin for tuition and will teach a master’s course in virtual currencies. “Our intent is to facilitate payments and introduce ourselves in the field to validate the experience,” a spokesperson explained. “In some countries, bank transfer commissions are higher than 10%.” That’s one of Bitcoin’s strengths: zero commissions, zero intermediaries, zero authority, which can devalue the currency unexpectedly. The university intends to make its country – scalded after Coralito in the spring – “the center of the world’s bitcoin exchanges.”

Currency is a cryptographic code that people exchange as payment. Each owner has one or more electronic wallets with a public key for receiving payments and a private key for making payments. No one, not even Satoshi Nakamoto, can own or manage a system of currency and manipulate its value.

Since that year, the credibility of virtual currencies on the Internet and in brick-and-mortar commerce has been expanding. In October 2012, the European Central Bank warned that if its progress continued (and has been), Bitcoin would damage the reputation of the central bank. Last week, the U.S. Senate convened economists to hear arguments for and against currencies. While this was happening, Bitcoin surged to record numbers before falling just as quickly. That’s how it was all year, and the expert’s explanation is as short-lived as the currency’s value.

Seattle, the land of Starbucks, Microsoft, Scruffy, and Grey’s Anatomy, embraces Bitcoin. The Saxbe brothers’ yellow trucks are famous for accepting bitcoin for snacks. In fact, there were only two cases in a week, “but because people are using bitcoin as an investment,” Tom Saxbe told GetWire. Across the border, in Vancouver, The Waves coffee shop installed the first ATM to convert banknotes into invisible money.

In the same Canadian city, Mike Yeung founded the Bitcoin Club to promote the use of Bitcoin. Economics student, comparing Bitcoin and Skype. “Communication between people, whether it’s voice or money, without paying intermediary fees.”

In January, Bitcoin’s market cap was 106 million euros, and today it is 6,430. Concerns about its excessive growth come more from the authorities than from individual consumers who voluntarily buy the currency.

Those who predicted the internet would change everything and everyone, saw their predictions come true. The Internet has not only affected movie theaters or taxi drivers’ associations (which have switched to Halo or MyTaxi computer apps); the Internet has begun to question the validity of paper money.

Wanderers in search of virtual change

There is also R&D in begging. If Seville created the gorilla, Pensacola is the Bitcoin flute dog, the ultimate living in America’s plan.

Homeless Jesse Angle starts the day after a sleepover at church, sitting on the sidewalk with his laptop (remember they’re beggars from Florida) spending the day in a plaza with free WiFi, apparently No outbreaks. Jumping to conclusions.

In September, Wired magazine reported on the case. Homeless Angle earns 1/1000th of Bitcoin every day from laptops and mobile phones. During his workday outdoors, he watches videos on YouTube. For each one he watches, he receives 0.00004 bitcoins on the BitcoinGet website, which is responsible for directing traffic to certain pay-to-view commercial clips (they ignore them from bum, etc.).

Angle earns 0.00048 bitcoins by watching 12 videos per day. That’s not much, but he completed his virtual jackpot using the Bitcoin Tapper smartphone app, and by tapping the on-screen icon over and over again (the ad icon also pays for traffic), he took home another 0.000133.

Broadly speaking, the digital campaign provides Anger with a daily meal, which he completes through social subsidies. Starting four months ago, the homeless man has patiently picked up about 5 bitcoins, which may seem small, but if multiplied by its current value, he has between 3,000 and 4,000 euros, depending on fluctuating exchange rates.

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