JMBullion – Use Your Bitcoins to Buy Gold
JM Bullion is a US online retailer of gold and silver products that accepts Bitcoin. JM Bullion is located in Dallas, Texas, and deals exclusively in physical bullion, selling precious metals that will be sent directly to you. JM Bullion is a US online retailer of gold and silver products that accepts Bitcoin. JM Bullion is located in Dallas, Texas, and deals exclusively in physical bullion, selling precious metals that will be sent directly to you. Besides selling the precious metals, JM Bullion also makes sure that buyers receive their gold or silver at their door. The company is a fully....
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You, like many others, might be forgiven for assuming that, as a digital currency, Bitcoin is green. After all, it exists only online. However, this doesn't mean it has no impact on the real world. In fact, Bitcoin mining is said to use over $300,000 worth of electricity per day. How does this happen? In brief, Bitcoins are generated by computers solving complex mathematical problems. Mining Bitcoins is an interesting issue: computers essentially 'find' Bitcoins by solving processor-intensive equations, which get harder as the number of Bitcoins grow. The idea behind the increasing....
Israelis can now purchase bitcoins at their local exchange bureau thanks to a new collaboration between bitcoin exchange Bits of Gold and Global Money Transfer (GMT). The partnership with GMT means Bits of Gold can ensure it complies with current and future anti-money-laundering and know-your-customer regulations in Israel. At the moment, the maximum amount of cash people can change into bitcoins via Bits of Gold is 10,000 Israeli new shekel (around $2,800). Jonathan Rouach, CEO of Bits of Gold, said he has been passionate about bitcoin ever since he heard about it back in 2010. "I....
The notion of Bitcoin as digital gold is as old as the decentralized crypto-currency itself. Even in original writings, Bitcoin creator(s) Satoshi Nakamoto wrote about how he intended to design a digital gold. For instance, the mining of Bitcoin – which entails computer processes – was intended to mimic the mining of gold. That there will only ever be 21 million bitcoins in existence, as well, is a design intended to mimic gold. Among the biggest inspirations for Bitcoin is Nick Szabo, the creator of the original bit gold. Nathaniel Popper wrote a book entitled Digital Gold about Bitcoin....
In many ways, gold and Bitcoin are similar. They are both scarce; gold is scarce by nature and Bitcoin has scarcity coded into its protocol. Gold and Bitcoin are divisible; gold can be melted into small coins or even shaved into tiny flecks. Each bitcoin is divisible by eight decimal places. They are both fungible; each ounce of gold is interchangeable with the next, and all bitcoins are interchangeable with one another. Gold and Bitcoin are also very different in many respects. Gold is physical, Bitcoin is digital. Gold relies on banks for safekeeping and payments, Bitcoin is stored on a....
One of the main arguments in favor of fiat currency as opposed to the currency based on a scarce resource, namely gold, silver or bitcoins is that there is time which must be lost to undermine something that has no intrinsic value. Would not it be more effective, the fiat currency defenders debate, this agreement to use something easier to produce, such as paper, as money and have a centralized agency that prevents fraud? Despite these arguments have their merits against gold (especially of the damage to the environment which can be caused via the mines), miner Bitcoin is much more than....