One fact for the day about bitcoin!
From now on every day we will write about one fact about bitcoin. For the core community most of them will be already know trivial ones but we would like to serve information for the newbies and the mainstream as we believe the more people are behind with their support the higher it can go in terms of future. However we will try our best to write about new facts for the early adaptors to enjoy this thread as well. “Since its first pricing by New Liberty Standard on October 5th 2009, Bitcoin has seen a 64,523,298% increase in price”
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The U.S Treasury Department has published a fact sheet which lays a framework for international engagement related to crypto. This fact sheet was published on Thursday. It lays out how U.S plans on working with several foreign regulators to take up matters related to the crypto industry. This fact sheet is the first report published […]
Any business knows that holding volatile assets involves some degree of risk. In fact, there are several aspects of everyday business in which management is required to constantly assess risk and take action based on findings. Since Bitcoin acts as a mixture of currency, commodity, and property, the risk involved with Bitcoin is different than a lot of other things that have risk associated with them. For example, businesses that sell goods or services to another company on a credit basis must risk the fact that they could have a bad debt expense, an expense that happens when an account....
In response to a question regarding bitcoin asked by an investor during a conference call, VISA CEO Charlie Scharf essentially downplayed bitcoin by acknowledging that is interesting, but remains complex (to the ordinary user), according to PF Hub. Scharf reportedly pointed back to traditional payment networks, citing they're safer for consumers than getting involved with bitcoin and/or other virtual currencies. "The established network rules we have, the understanding of how things operate, understanding who the participants are, the fact that the business that we do has financial....
In fact, the projections for the price of the 2016 bitcoin reflects a fresh understanding of this digital currency and has drawn attention to the fact that the bitcoin will certainly play an important role in the world’s financial system in the coming years. The bitcoin industry is still in its infancy, which means that there is a lot to look forward to in the future. In 2016, the future of the bitcoin industry is bright, and that’s no very surprising, given the fact that the price of the bitcoin is quickly skyrocketing. In 2015, the price of the bitcoin soared from $230 to more than $480....
Bitcoin is a new entrant into the currency wars. Picture via epSos.de. Many people are looking at countries such as China or Russia when it comes to banning a revolutionary, freedom-enhancing currency such as Bitcoin, but the fact of the matter is the United States has more to lose from Bitcoin than anyone else. One of the main things propping up the American way of life right now is the fact that a large percentage of the world needs to hold US dollars in reserve for use in international trade. Although there are many flaws with the US dollar, the reality is that it's a much better option....