Forum Replies Created
Viewing 7 replies - 1 through 7 (of 7 total)
-
AuthorReplies
-
Crypto Oceans
KeymasterNovember 22, 2019 at 10:22 am in reply to: As Bitcoin, Ethereum, Ripple's XRP, And Litecoin Lose Billions, This One Small Coin Has More … #1429Crypto Oceans
KeymasterCrypto Oceans
Keymaster::-
This reply was modified 5 years, 3 months ago by
Crypto Oceans.
-
This reply was modified 5 years, 3 months ago by
Crypto Oceans.
-
This reply was modified 5 years, 3 months ago by
Crypto Oceans.
Prefessional developer and crypto currency fan
Crypto Oceans
KeymasterOctober 25, 2019 at 10:40 am in reply to: This US Congressman Thinks Bitcoin Will Have Enormous Value And Utility Over The Long Term #303Crypto Oceans
Keymaster::In economics, something has value if it is scarce and useful. Scarcity means that something has a finite supply. In the case of bitcoin, the cryptocurrency has a set cap of 21 million bitcoins.
Bitcoin’s utility mainly lies in its potential to be a more efficient commodity than those we already have.
- Bitcoin is decentralized. No government, bank or single person has control over it. It is not maneuverable by corruption at the top.
- It is divisible. Currently a bitcoin can be divided down to 8 decimal places. Thus 0.00000001 BTC is the smallest amount that can be handled in a transaction. But the protocol and software can be modified to handle even smaller amounts, if necessary. You can buy anything with it – small items like candies at your grocery store and large items like a yacht as well.
- The code is built on open source, meaning that it’s available for anyone to look at, inspect and even modify. This means that bitcoin is constantly evolving and improving.
-
This reply was modified 5 years, 3 months ago by
Crypto Oceans.
-
This reply was modified 5 years, 3 months ago by
Crypto Oceans.
Prefessional developer and crypto currency fan
October 22, 2019 at 10:23 am in reply to: Mercado Libre withdraws from Facebook Libra cryptocurrency initiative #132Crypto Oceans
KeymasterCrypto Oceans
Keymaster -
This reply was modified 5 years, 3 months ago by
-
AuthorReplies
Viewing 7 replies - 1 through 7 (of 7 total)