Topic: Is there an institution that protects the circulation of Bitcoin? - page 3. (Read 639 times)
October 18, 2018, 12:10:07 PM
right. But it is guarded underground by the dark forces and the Bitmans. This is one of the things that makes bitcoin prices go up or down erratically. They always have a huge amount of money to keep the value of Bitcoin always high and use that money to make money from other traders.
October 18, 2018, 12:07:03 PM
The answer to your question is simple, and it happens to be the fact that the bitcoin and other cryptocurrencies are decentralized,now what does that mean?, it simply means there is no body,rules,organization,government nor Central Bank that acts as an overseer over this network/currency
This network/system/currency Is controlled only by the Individuals,users,enthusiast,investors etc in the system,only them can affect and influence the price/value in many ways, all depends on the demand/supply of the particular cryptocurrency coin
This network/system/currency Is controlled only by the Individuals,users,enthusiast,investors etc in the system,only them can affect and influence the price/value in many ways, all depends on the demand/supply of the particular cryptocurrency coin
Exactly, and that's why its impossible to know the exact circulation of bitcoin or any other coins since no one knows how many bitcoins have been lost due to failure of PCs, crashing of hard drives having bitcoin wallet or private keys. Nobody rules these decentralized currencies and that's why no one can help you when your coins are lost of stolen.
October 18, 2018, 12:02:48 PM
The answer to your question is simple, and it happens to be the fact that the bitcoin and other cryptocurrencies are decentralized,now what does that mean?, it simply means there is no body,rules,organization,government,insurance company nor Central Bank that acts as an overseer over this network/currency
This network/system/currency Is controlled only by the Individuals,users,enthusiast,investors etc in the system,only them can affect and influence the price/value in many ways, all depends on the demand/supply of the particular cryptocurrency coin
This network/system/currency Is controlled only by the Individuals,users,enthusiast,investors etc in the system,only them can affect and influence the price/value in many ways, all depends on the demand/supply of the particular cryptocurrency coin
so there is no oversight institution that has so far sheltered it.
The blockchain technology happens to be the only institution/tecnology that has played this role somewhat as it is the technology on which this system is built,making use of cryptography and confirms/stores all transactions that take place on this network...The blockchain technology is the only indispensable institution of the BITCOIN October 18, 2018, 11:56:51 AM
The Electronic Currency which is the basis or basis of the currency is the existing currency we know today (such as the dollar, euro, rupiah) which has the physical form and legal status in the eyes of the law. Whereas the base of Crypto Currencies comes from the computer programming language they develop. For this reason, there are various other fundamental differences between Electronic Currencies and Crypto Currencies, among them are. Crypto Currencies do not involve conventional actors in the financial world such as the central bank, and the publisher of Crypto Currencies is also not a financial institution, so there is no oversight institution that has so far sheltered it.
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