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Topic: Bitcoin at Banko - page 2. (Read 644 times)

copper member
Activity: 2142
Merit: 1305
Limited in number. Limitless in potential.
May 30, 2020, 02:27:35 PM
#2
So ang bitcoins natin ay naka store sa ating mga wallet
Yes, as often described by many at sa simpleng explanation.

But technically speaking, wallet stores the credentials ng bitcoin na meron ka which the public and private key, kase bitcoin is stored in the block chain. Your wallet only used to transfer bitcoin gamit ang private key kaya need na i'save sa secure na lugar an private keys.

Being said naisip ko lang po, if we do this process to store our money sa mga wallets natin we are not helping the growth of our economy.
No, bitcoin is free from those aspects, di naman regulated ng banko ang bitcoin in the first place. At nagawa ang bitcoin as an alternative ng global financial system.
newbie
Activity: 13
Merit: 1
May 30, 2020, 04:33:51 AM
#1
Baguhan po ako at kakautin pa lang ang kaalaman sa Bitcoin world. So sa pagkakaintindi ko po, we have bitcoin and wallets. So ang bitcoins natin ay naka store sa ating mga wallet and since it is not being controlled by any government. We use bitcoin for transactions if may chance na ang payment mode is bitcoin or kung walang ganon payment, we convert our bitcoin to fiat.

Base sa knowledge ko about economics, we can boost our country economy sa pamamagitan ng pag store or pag save ng money natin sa mga banko(more money sa bank = more money to lend to business = business activity = economic growth, jobs etc)  Being said naisip ko lang po, if we do this process to store our money sa mga wallets natin we are not helping the growth of our economy.

pasensya na po in advance, di ko mahanap sa ibang thread or site yung sagot. Thank you in advance po
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