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RE: It Looks Like the Bitcoin Bull is Intact!

in #bitcoin7 years ago

I think the The Bitcoin protocol has immense intrinsic value as a self-regulating frictionless payment network affordable to almost anyone. Here is a technology that allows anyone to send any amount of money to anyone else in the world at virtually no cost with nothing more than an Internet connection or smart phone. Bitcoin, like the Internet, is one of those innovations that can break down barriers; information barriers in the case of the Internet, and financial barriers with Bitcoin.”
Through rose-tinted glasses, Bitcoin can do no wrong. It is a currency that is free of central bank control, is decentralized, and it has proven that it can serve as a store of value for people who lose trust in their national currency (Greece, for example). However, the supply of every currency is controlled by some function, and in the case of the Bitcoin it is through the process known as "mining." In layman's terms, Bitcoin mining is the only way to introduce new currency to the marketplace, and it is performed by "miners" who use expensive software to solve math problems in exchange for the currency., and thanks for your this great posts i really like it keep it up dear you people are the real hardworkers who made these stuffs for us

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is nanohash true to be a new group of hardworkers from iceland rusia and germany? https://steemit.com/bitcoin/@quantumdragon/nanohash-bitcoins-real-1