WHAT IS BITCOIN…
By: JJosepha News
Twitter.com/JJosephaNews
Willemstad, Curacao. Last year the most Technologically related searched word was Bitcoin. I am sure you are not surprised... So, what is Bitcoin? It is a cryptocurrency, which is a form of electronic cash. The claims are that Bitcoin is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer to peer/person to person bitcoin network without the need for intermediaries, such as banks.
The implications are that in Curacao, this decentralized digital currency may be the surgical intervention to change the face of Curacao's economic cancerous growth. Bitcoin has the potential but the risky notion is that there is always someone else in charge and its volatile behaviour could lead to unstable economic grounds.
It is reported that there is about 21 Million bitcoins ever available, with the last bitcoin being available in the year 2040.
The implications are that in Curacao, this decentralized digital currency may be the surgical intervention to change the face of Curacao's economic cancerous growth. Bitcoin has the potential but the risky notion is that there is always someone else in charge and its volatile behaviour could lead to unstable economic grounds.
It is reported that there is about 21 Million bitcoins ever available, with the last bitcoin being available in the year 2040.
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