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Bitcoin - The Currency of the Internet
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.
Exchange rate from Argentine peso to bitcoin, and then bitcoin to US dollar. Is it worth it?
Hi I'm a English teacher from the US living in Argentina. I don't have a local ID yet, so I can't sign up for a bank account or use the paypal equivalent here called Mercado Pago (Paypal only works in argentina for international transfers, not within the country like in the US). I only do online classes and some students are outside of my city. My question is: if working as a tutor here, is it worth to have my students pay me in bitcoin (which I'm assuming they would have to buy if they don't have already), and then use that to transfer to dollars in my US bank account. Is this worth it or am I losing value in the process? Edit: Transferwise doesn't work sending money between people in Argentina I can send money from a US bank account to someone in Argentina, but not the other way around. If you don't know the answer to the question I'm asking, please don't respond.
Pennsylvania Senate Democrats paid $700,000 to recover from ransomware attack - The ransom demand was worth nearly $30,000, based on the Bitcoin-to-US dollar exchange rate at the time, but officials declined to pay
What is the easiest way to convert a physical bitcoin to US dollars?
So a couple years ago, one of my friends gave me a casascius bitcoin when they were worth just one dollar. I'd completely forgotten about it up until now when my brother asked me if I still had it. After panicking and thinking I'd lost it, I dug it up in the bottom of my closet. I see it's worth about $800 right now if I'm not mistaken and would like to convert it. What is the best, safest way to do this with an actual physical bitcoin? I live in Portland, Oregon and I don't think we have any bitcoin ATMs here yet.
In Alien, the starship that Ripley blew up cost only $42million. Today, SpaceX Starship will cost at least $2billion to develop. This gives us a sense of how inflation has changed the perception of dollar value since 1979, and why the crypto movement began in Bitcoin.
08-31 08:47 - 'In Argentina we use the Peso as currency. If we devaluate the Peso, the dollar and BTC will keep climbing. Few people in Argentina use US dollars to buy bitcoin, but if you do, the price will be the same as in every other c...' by /u/redseven- removed from /r/Bitcoin within 686-696min
The page provides the exchange rate of 1 Bitcoin (BTC) to US Dollar (USD), sale and conversion rate. Moreover, we added the list of the most popular conversions for visualization and the history table with exchange rate diagram for 1 Bitcoin (BTC) to US Dollar (USD) from Sunday, 27/09/2020 till Sunday, 20/09/2020. Note: Often ‘Capital B’ Bitcoin refers to the protocol or the system. ‘Lowercase b” bitcoin refers to the currency unit. Feel free to re-read my posts for the characteristics of money to date. The rest of this post will outline the functions and characteristics of bitcoin (BTC) as money while comparing it to the US dollar (USD). Some bitcoin conversion services allow you to convert your bitcoins to dollars by transferring them to PayPal, Apple Pay, or similar services. If this is the way you want to convert your bitcoins to dollars, set your payout method to the digital wallet you want to use. The millions of dollars brought in by the scheme were laundered through RG Coins by Iossifov, who exchanged cryptocurrency into local fiat currency. According to trial testimony, over the course of two and a half years, Iossifov exchanged over $4.9m worth of Bitcoin for just four other members of the criminal enterprise. The idea that bitcoin will eventually replace fiat currencies* is the reason so many people are investing in it now. In theory, you will one day be able to use bitcoin for any type of purchase when it replaces fiat currencies, like U.S. dollars, which will no longer be necessary.
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