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bitcoin


               
2015 Jan 18, 5:00pm   4,323 views  27 comments

by Patrick   follow (59)  

name of technologybitcoin
description of technology

https://en.wikipedia.org/wiki/Bitcoin

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1   Dan8267   @   2015 Sep 18, 4:11pm  

bgamall4 says

Nothing would make central banksters happier than a global currency.

Unless it was impossible to print that currency, which is the point of Bitcoin. The amount of processing power required to print (or mine) new bitcoins is an exponentially increasing function. Also, governments don't like that they cannot seize bitcoins. They can prevent people from using their bitcoins, but they can't confiscate the bitcoins and add them to their coffers. As such, bitcoin will never be accepted by governments and central banks. They will try to control bitcoins, but they won't replace their currencies with it.

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