FULL STORY: Bitcoin
Vložit
- čas přidán 29. 11. 2013
- Bitcoin has no central bank, no delay when sending money, and little, if any, transaction fees. And while many still may not consider Bitcoin 'real money', it's making some people really rich. For more info, please go to www.global16x9.com.
Before saying "BitCoin isn't real money" ask yourself what "real money" is and why it is "real"
I don't wanna spend 600 some US dollars on 1 bitcoin either, makes me feel poor.
real money is gold and silver :3
Yassine Ben As a way to store value they're fine, but terrible if you want to go out and spend them because they're so heavy and it's difficult to buy a piece of gum when you have a ton of gold.
Also they get their value from scarcity which if one day we figure out how to mine Asteroids Gold and Silver will become almost worthless.
In short, Gold and Silver have their problems too.
YouLostTheGame97
gum shud be given for free lol , anyway i got u ;)
YouLostTheGame97
then maybe we shud buy the gum with a metal coin that has the same value as a gum !
i don't support drugs. but bitcions shouldn't get a bad rap for drugs and other stuff. because the american dollar is used for the same things
Give away $1 Btc 0.0005 and get 115 Btc ($ 115,000.000 ) in Returned,Turn $1 Btc 0.0005
to 115 Btc ($115,000) in 1 month . Do you have Just $1? this is Great Opportunity to be
A millionaire in couple of months , Get Detail Here www.btchamp.com/ref/77d924d8a0 .
4x6 Matrix up to 7th Upgraded Level Earnings .store your BTC now!!!
Can you send me some BTC? I want to check out how it works.
1BM1nqQxa2yJt6WPAogxrEftUX9kPuMMii
I'll pray for you (for real). Thanks!
czcams.com/video/6tWtTsvmHJg/video.html
You think you are filthy rich? Show me!
1BM1nqQxa2yJt6WPAogxrEftUX9kPuMMii
Thanks
Indeed BitCoin is the future , the era and generation are changing .
Banks OVERCHARGE! & thought well Nobody can do anything about it so Heheheh! Then SOME Gods Gifted person who shall be identified as SATOSHI NAKAMOTO of the Japanese Pacific Islands created BITCOIN to put the middle finger up the Banks! & we are soooo grateful that we don't have to pay the 2.5% on Fiat money being deposited from international place & Bank Admin fee of $100 plus ? and Currency conversion blah blah & whatever other fee or costs that the banks want to charge us! YES! & THANK YOU! E uakauetai ana! SATOSHI NAKAMOTO!
To spend ANY Bitcoins You must first have a BTC Wallet like Blockchain or Coinbase, You can join Coinbase here >>> www.coinbase.com/join/58b0f4a06d5c5f02e64411c8
Some People Use Local Bitcoin Wallet but there have been discrepencies on the use of the RECIEVE Wallet address ID so be Careful that Your Recieve Wallet address works! Test it with a Friend.
Then You can Buy BTC by trading or mine BTC/Bits to Your BTC Wallet RECIEVE Address.
To cash Out Coinbase use a "SHIFT" card which acts like a Debitcard where You can Withdraw from Your Coinbase Wallet to Your SHIFTCARD linked account and spend it through Your SHIFTCARD at Eftpos outlets, Pay Wave or withdraw at an ATM.
Some people use the Coinbase Mobile Smartphone App. Downloadable through Google PlayStore. And Spend through Your phone.
Glad you made this comment 2 years ago, cause guess what...you're right.
It's here guys! In South Africa, one of our biggest shopping retailers is accepting Bitcoin as payment.
The change is here :)
Cryptocurrency will make you rich
Right you were!
@@thepoptropicashow Even more right now :)
thank you MMM Global and BTC.....LONG LIVE ALWAYS
#MMMGlobal #MMMExtra #Bitcoin #Bitcoins #BTC #BitcoinReview #BitcoinNews
wow I should've watch this earlier 🔥
This video is really nice. It gives a balanced view of the Bitcoin.
Power to the people by giving the control of money to them that's why the banks are scared of them and plus they Bitcoin founder's are taking the banks power, prestige and control. Way to go!!!
Well, nowsdays, that would be a pretty damn expensive coffee.
mmm global thank u ...mmm global se muze bahut kuch mila hai aur isase main bahut khush hoon #MMMGlobal #MMMExtra #Bitcoin #Bitcoins #BTC #BitcoinReview #BitcoinNews
Bitcoin is another money, join us GLOBAL MMM klik #MMMGlobal #MMMExtra #Bitcoin #Bitcoins #BTC #BitcoinReview #BitcoinNews
+jian zhou Why not get started with free bitcoins - no risk/money needed freebitco.in/?r=33911
mmm global thank u ...mmm global se muze bahut kuch mila hai aur isase main bahut khush hoon
And how many trillions of Dollars have been used in transactions for illegal drugs? That's not a reason not to use or invest in Bitcoin.
Wow look how cheap those coins were back then.
Lol @ Bitcoin being criminal.
You can do the same with cash. Maybe you should ban cash too.
mmm global thank u ...mmm global se muze bahut kuch mila hai aur isase main bahut khush hoon #MMMGlobal #MMMExtra #Bitcoin #Bitcoins #BTC #BitcoinReview #BitcoinNews
Bitcoins get a bad rap. I'm gonna start using BITCOINS
100% gurantee
The bitcoin is limited to 21 million in existence at a time. As the processing power of Bitcoin mining machines increases the value of each trillionth hash goes down. They won't increase the number of bitcoins allowed to exist at a time. So miners have to process more and more to earn money. The bitcoin machines sell and, the companies pay a share to banks. The banks get commoners to do the work of processing. Instead of having to pay the thousands of employees and, buy the dozens of buildings and, millions of dollars worth of computers and software and, maintenance cost for all that. Instead of incurring the billions in cost they actually make a profit. We do the work. No matter how much the requirement of data processing increases the banks will have all the cyber slaves they need to handle it all because of bitcoin mining. The only way it's even remotely profitable is when your machines are solar powered because of the power cost. Even in that situation it still makes a hell of a lot more sense to sell the power back to the power company and just make money that way. So spread the word. Even in the most legitimate of circumstances bitcoin is an obvious con.
And don't even think about using Gpu's. A few hundred S7 miners could process more than all the Gpu's on earth put together.
she said use, not mine. at the current rate it is expected that all bitcoins would be mine by 2140s. long after we are dead and another currency takes over
Banks OVERCHARGE! & thought well Nobody can do anything about it so Heheheh! Then SOME Gods Gifted person who shall be identified as SATOSHI NAKAMOTO of the Japanese Pacific Islands created BITCOIN to put the middle finger up the Banks! & we are soooo grateful that we don't have to pay the 2.5% on Fiat money being deposited from international place & Bank Admin fee of $100 plus ? and Currency conversion blah blah & whatever other fee or costs that the banks want to charge us! YES! & THANK YOU! E uakauetai ana! SATOSHI NAKAMOTO!
To spend ANY Bitcoins You must first have a BTC Wallet like Blockchain or Coinbase, You can join Coinbase here >>> www.coinbase.com/join/58b0f4a06d5c5f02e64411c8
Some People Use Local Bitcoin Wallet but there have been discrepencies on the use of the RECIEVE Wallet address ID so be Careful that Your Recieve Wallet address works! Test it with a Friend.
Then You can Buy BTC by trading or mine BTC/Bits to Your BTC Wallet RECIEVE Address.
To cash Out Coinbase use a "SHIFT" card which acts like a Debitcard where You can Withdraw from Your Coinbase Wallet to Your SHIFTCARD linked account and spend it through Your SHIFTCARD at Eftpos outlets, Pay Wave or withdraw at an ATM.
Some people use the Coinbase Mobile Smartphone App. Downloadable through Google PlayStore. And Spend through Your phone.
Thank MMM Extra Program is Good Community
#MMMGlobal #MMMExtra #BItcoin #Bitcoins #BTC #BitcoinReview #Bitcoinnews
amazing test Again
Yes We Love BitCoin Very Easy To Send Money Online All Over The World Any Time Any Where
BitCoin is The Future
#BitCoin #Future #Currency
MMM超級棒超級好創造財富自由
#MMMGlobal #MMMExtra #Bitcoin #Bitcoins #BTC #BitcoinReview #BitcoinNews
MMM这个平台真的是太好了，带领我们赚到很多的财富。真心的感谢MMM这个平台。
#Myanmar, #MMM_Myanmar, #BTC_Myanmar, #Mavro_Myanmar, #MyanmarBTC
MMM Global is the best program real money 100% permonth
#MMMGlobal #MMMExtra #Bitcoin #Bitcoins #BTC #BitcoinReview #BitcoinNews
thank you
amazing test
Bitcoin has no central bank, no delay when sending money, and little, if any, transaction fees. And while many still may not consider Bitcoin 'real money', it's making some people really rich. For more info #MMMGlobal #MMMExtra #Bitcoin #Bitcoins #BTC #BitcoinReview #BitcoinNews
Now btc is reported daily on the news being adopted by PayPal 😂
This is awesome
1:34 "No delay", 2:35 "In split seconds"
Except that it takes an hour to clear transactions, so unlike real payment systems like Mastercard you can't use this to accept payment for e.g. coffee. You might as well go back to trusting customers to mail you a check when they get home
A great video on how Bitcoin is making real people real money! Dragon Mining gives this video a thumbs up!
14:40 Bitcoin operates by known, open source, majority rules... Banks operate by a very slim minority rule.
Nice
"Some countries have made it illegal" umm really?
Thailand, they can't stop bitcoin, but they can stop you trying to buy it on a exchange that accepts your fiat currency.
Good
MMM global, MMM extra 100 per mont the best!.. solusi for financial modern
#MMMGlobal #MMMExtra #Bitcoin #Bitcoins #BTC #BitcoinReview #BitcoinNews
Bitcoin's latest believer: Microsoft. Some of the people in these comments should hate less and learn more.
when bitcoin is the digital Gold, Litecoin is the digital Silver! Nice!
MMM Global merupakan Komunitas Financial yang bagus dewasa ini. #MMMGlobal #MMMExtra #Bitcoin #Bitcoins #BTC #BitcoinNews
The question now is, are they happy spending that bitcoins for a cup of coffee?
woww best best
amazing
Interesting...
Terima kasih MMM Extra atas program nya, sehingga hidup saya makin sejakhtra. Jika berfikir kesejakhtraanMMM Global memberikan profit 20-100% dgn menyelesaikan tugad extra setiap hari, dan transaksinya memakai Bitcoin #MMMGlobal #MMMExtra #Bitcoin #News #Bitcoins #BTC
nice
90's montage at it best
MMM是一个特棒的一个平台，有爱互助的一个平台。
#MMMGlobal#MMMExtra#Bitcoin#Bitcoins#BTC#BitcoinReview#BitcoinNews
A Nova Forma de adquirir, pagar e realizar transações transnacionais, de futuro ...é já ! .
Lol @ 14:43. Clearly this guy doesn't understand Bitcoin, as he unknowingly gave it a perfect description. "issued by a system that is working according to known rules"
In reality he is trying to talk about our current system. Ironically, that statement is more true about Bitcoin than it is about our current system.
Our company here in the Philippines also Accept Bitcoins
I love how one critique is that bitcoins could be used for drug deals. Well guess what? The current money used for drug transactions is the USD.
"it is so complicated that it might work out as a ponzi scheme"
mmm global is a very good company its pay 100% per month
#MMMGlobal #MMMExtra #Bitcoin #Bitcoins #BTC #BitcoinReview #BitcoinNews
wow. wonderful system. unbeleivable
I like it.
What is there to stop an individual or organisation from hoarding the currency, thus making it unusable?
***** I've found it helps to think of bitcoin as gold. As in, if we were still using gold as money, instead of fiat currency. So, what stops an entity from hoarding all the gold in the world, thus making it unusable as money?
Well, they'd have to somehow take it from everyone who has gold stashed somewhere in the world. They'd also have to either acquire all the output from the world's gold mines, or shut them down somehow, to stop "new gold" from entering the economy. Both prospects sound quite unrealistic, really. Didn't work that well for Goldfinger, ha.
That said, it is quite possible for very wealthy entities to hoard significant chunks of the gold in circulation (or bitcoin, for that matter), in some well known scenarios, which would cause deflation, which many if not most economists warn that it'd be a big problem (me, I can't say I'm sure, one way or the other). But in general, I think an economy based on bitcoin would share both the pros and cons of one based on gold. It's pretty much the same mechanics.
***** As flawed as an analogy as one could possibly make - for obvious reasons such as being a lot easier to gather bitcoins then gold. And even one couldn't, you can't live on reputation alone - meaning, if you have it stashed somewhere you might as well not have it at all. Bitcoins have also a finite, known cap, unlike gold - ties into the previous point.
***** Huh? "Gathering" bitcoins is not easy at all! These days, you can't really create bitcoins on a personal computer, it takes industrial computing power, which translates in large investments in hardware and power. Further, as more computer power becomes available to the bitcoin network, the network "tunes" itself, increasing this difficulty even further so that the rate at which new coins are generated remains constant. This is the reason why we can predict the year in which we'll reach the limit.
"Mining" bitcoins _is_ like mining gold: it is hard work, requires specialised facilities and workforce. It is rewarding to those who undertake these efforts, but the vast majority of people who own bitcoins have not and will never do this kind of work themselves, much like the vast majority of people who own gold have never even seen a gold mine.
And no, mate, the gold supply is quite finite. Of course, unlike bitcoins, we don't know exactly how much gold exists in the Earth, but it has been estimated by scientists. I seem to recall figures to the effect that, in the history of humanity, we have mined about 150,000 tonnes, and there remains only some 50,000 to be found in the Earth - to which is quite harder to get now than it was for the ancients. See, over time, finding "new gold" becomes ever more difficult and expensive - just like "finding new bitcoins." And this is the exact reason why economists point out that gold is a deflationary currency: gold is produced much more slowly than economies grow, so the same amount of gold ends up representing more and more wealth, so the value of gold rises over time, which is to say that prices drop. And this is exactly the case of bitcoin - by design.
Think about it. You will find it is a very apt analogy indeed.
EDIT: As for your original point, again, one entity cannot hope to hoard all the bitcoins for the same reasons one entity cannot hoard all the gold. That said, there _is_ some incentive to hoarding, it comes from it being a deflationary system, so a hypothetical economy based on bitcoin would have to deal with that, like gold-based economies did.
the best
Bitcoin depends on the blockchain and that depends on the electronics and communications, which the governments and banks are now seizing control of. It's not out of reach to government or banks.
the currency expert is such a joker.... bitcoin might be a ponzi scheme??? how about the 'money' we are using now... and who has control over the unlimited printing???
im not sayin it is or isnt, but if u sell your property with it, and it goes bust, u lose your house, etc.
Either way, the reality of "fractional reserve banking" has led to the near destruction of not only our species, but our planet, too. I commend those who are pioneering new ways of bringing down this oligarchical system we call banks.
dananguish11 so the answer to a un-backed fiat currency is to replace it with an electronic fiat currency? Brilliant logic.
van allen "electronic fiat currency"
fiat means *by law*
bitcoin is not backed by law
MicrowaveFork Did you think I was saying Bitcoin is NOT fiat? (and fyi: It doesn't just mean "by law"; it also means backed by something tangible)
thanks to mmm
Mmmglobal is a good helping community #mmmglobal #mmmextra #bitcoins #bitcoin #BTC
#HashTags: #MMMGlobal #MMMExtra #Bitcoin #Bitcoins #BTC #BitcoinReview #BitcoinNews mmm global os best join now and earn 100% growth p.m grow your bitcoins also
"Non-renewable digital resource."
terima kasih MMM Global, dengan program MMM Extra nya telah memberi kesemoatan kepada saya utuk mendapatkan reward hingga 100% per bulan. luar biasa MMM Global adalah komunitas keuangan global terbaik saat ini
#MMMGlobal #MMMExtra #Bitcoin #Bitcoins #BTC #BitcoinReview #BitcoinNews
Fine ,lahe.
Dollar is no real money is paper...money is the value and trust we give to something ...it could be a Rock or seashells ....obviously those are bad examples but you get the point...bitcoin is revolutionary
"Bitcoin has no delay when sending money"
Are you using the same Bitcoin that I'm using or what? It takes like 10 hours or something before the Bitcoins are fully verified, 'no delay' my arse.
This comment aged well . I see you into Bitcoin now . 😂😂😂
1:46 i saw that
By the way, you can base the currency on a product inside the economy and money will have as much value as people create goods. Before that preventing all possible manipulations of fake value. evaluate all resources around us except people, and people gonna save plastic, devaluate poluted water, and people gonna keep it clean. and so on....
US dollar is a "let this be money" thing.
"what prevents another cryptocurrency to be invented in some months?" hahaha today there are like more than a hundred of cryptos
is an electronic currency that presents novel features and stands out for its efficiency, security and ease of exchange.
this didnt aged well for the old guy interviewed
i love the idea of e currency but i want to make it flexible to use
Then I can change my beanie babies for millions
The real threat that banks pose to the economy credit. Banks loan out money to consumers so that they can afford something (such as house house or a car) and then charge interest for that money in order to make a profit. What happens is, when too many people take out loans are don't pay them back, the market crashes (since the banks are unable to support people who want to purchase something, anymore). When the market for something crashes, money stops flowing through that market, and large amounts of people loose money. When that happens, other markets crash, and the economy goes into a recession. The fact that Bitcoin does not use bank notes or checking accounts doesn't change anything. There are still going to be loans, and there are still going to be paper assets. What's worse about Bitcoin, is that Bitcoin itself is a market that can crash. Most major world currencies have a bit of a buffer in that the central banks can manipulate the market, such that value of it does not go out of control. I'm not saying that the system we have is good, but Bitcoin would hardly be a solution.
The thing about bit coins is that if you did not get in on it from the start it is no use to start now it takes too much time to get one
My miner took three days from starting to earn approx equivalent 77 USD. That's not even close to 1.0 bitcoin yet but is it worth anything to you? Most ppl I meet like US dollars.
i like
A billion dollars is such a paltry amount and basic users of bitcoin are not anonymous, they are pseudonymous with a trail that can be followed to make positive identification.
Can I cash Bitcoins for normal currency?
Yes
#MMMGlobal #MMMExtra #Bitcoin #Bitcoins #BTC #BitcoinReview #BitcoinNews
感謝MMM 所給的幫助
Please explain this to me. Your still dealing with the banks because your paying for the bitcoin with the dollar. This doesnt make sense. Who came up with the conversion of dollar to bitcoin.
While there are massive problems with bitcoin, price per btc is regulated by trading prices at an exchange. The less they have circulating the more valuable they are. That is why people are hording bitcoins right now.
2017 and bitcoins today is at 4200 !!!
MMM helps the community as a whole to grow , hope fully the system will be fixed sooon and more ppl will join
#MMMGlobal #MMMExtra #Bitcoin #Bitcoins #BTC #BitcoinReview #BitcoinNews
Can I make this suggestion? can you subtitle correctly because automatic subtitles does not make any sense - deaf people need to access to full information so they can join this scheme. Many thanks.
look up "what is bitcoin mining" you can probably find articles more detailed and correctly subtitled videos.
#MMMGlobal #MMMExtra #Bitcoin #Bitcoins #BTC #BitcoinReview #BitcoinNewsbitcoin is a virtual money.
hi from 2020
Someone is sitting back and collecting all the dollars for these Bitcoins !
MMM Global memberikan income 100% setiap bulan melalui Bitcoin, aktifitas menjadi nyaman dan aman.
#MMMGlobal #MMMExtra #Bitcoin #Bitcoins #BTC #BitcoinReview #BitcoinNews
Litecoin
rich
#MMMGlobal #MMMExtra #Bitcoin #Bitcoins #BTC #BitcoinReview #BitcoinNews
FULL STORY: Bitcoin
How do you get your money during a power/internet outage? It would be devastating to try to use this tech with no internet or power..LMBO When it comes down to it, electronic money can only be backed, well electronically...
The Silk Road is alive and well, just like The Pirate Bay...... "mission accomplished"?.... should add that BTC has no more to do with it then CND or USD, and so on
Currency expert : "who decides how many dollars are issued and who controls it?" LOL. When experts don't do thee research!!
3:10 " Governments acoustomed to paper money, controlled by the banks ?
Well, money is controlled by the banks ( private banks with private interests ( & billions of $ interest PA) but national currencies are now 97% digital i.e. in computers alone.
Bitcoins are not person to person. One has to go through an intermediary first, the internet.
Let's see here, spend 1000 dollars to buy a virtual coin that cost some warcraft nerd 5-50 dollars in electricity and hardware to mine...Then pay a "small" fee to spend this virtual coin. Uhhhhh no thanks, I'll pass on the Tulip Mania.
***** Oh trust me any time a virtual currency goes UP in value after a major BitCoin market place (SilkRoad) gets shut down is all I need to know to stay away from Sh*tCoin for 60 years much less 6 months...
@@mookixox boy were you wrong
Winklevoss twins became the first Bitcoin Billionaires. the lady predicted it right!
It can be thought of like currency in Runescape or WoW, where people could simply make their own money through hacking it. It's like in "The Invention of Lying" where he just told the banker how much money he had; what's to keep people from going into their virtual wallets and just changing the amount that they have in there?
you can't change amounts in a wallet, the wallet only tells you how much bitcoins you have. i can change it to 999 bitcoins, but the next time i use it, it will stay say i have [x] amount of bitcoins. the problem with WoW is that the money was kept client side, so it can be easily hacked. bitcoins are kept serverside in the internet, encrypted and secured which makes it very hard
Steven Edelmann Which of us are you talking to?
Who's watching this in 2045?
The value of bitcoin is determined by how much bitcoin are left to mine, so the more that has been mined the more the there worth, It's a simple currency and that's why I love it! There's no inflation no tax, no nothing and this is why it is going to become a global currency!