Bitcoin is what comes to mind. Who is the inventor? Is the coin really rich? Why is it important to the global financial system? Let's start to get to know each other.
This is a very interesting trend now with a new currency called "Bitcoin Bitcoin" after a broad talk. Bitcoin may completely change the financial system of the world. It must be said that Bitcoin is not new. It has been invented since 2009 or nearly 8 years ago.
Bitcoin is beginning to flow in Thailand. As a result, hackers have released the "WannaCry" virus, which has been billed to virus-infected users. The currency is very talkative. Until December 2560, the value of the chip is rising to a record unprecedented.
What is bitcoin?
Bitcoin is a fictitious currency that is created digitally. To be an intermediary in the exchange of goods and services. It does not depend on any currency, has no shape and can not be manipulated like a bank note or a coin. By bit coil, the currency unit is BTC like the US dollar. The currency is USD, Japanese Yen, JPY, or Thai Baht, used as THB. The Bitcoin was created in 2009 and is being used to buy and sell real products in the world. Online since then.
To Bit coin is considered electronic currency. (Cryptocurrency) only one. There are also many other innovations such as Ethereum, abbreviated ETH, XRP currency, and Litecoin, abbreviated as LTC. Is still the most popular digital currency.
How does Bitcoin (Bitcoin) come about?
Bitcoin was born out of the idea that people needed a new, unchecked system of money. The former has a central bank system. And it has a standard function. Include the value of money. Make all financial transactions happen in the eyes of the central bank itself. But these processes may not be pleasant to the underground business. I have to identify. Time to transfer money through intermediaries. It was easily inspected.
So many people are trying to create a new currency that is not through the central bank. And is widely used. One Japanese programmer nicknamed Satoshi Nagamoto created a system called "Blockchain", a system designed to prevent rapid inflation and depreciation of digital currency. By pumping money into it as you like, by the use of algorithms to use. Then set the amount of money in the system to not exceed 21 million units, making the coin is becoming more popular. Because there is an anti-inflation system.
Bitcoin digging, how to play then rich?
After bitcoin began to gain popularity. So many people started to see the opportunity to make a profit. There are people who succeed. The rich and bitcoin to quite a bit. By investing in bitcoin. There are two main ways.
- Mining
As mentioned above, bit coin is maintained under the Blockchain system, which is run by an algorithm. "Coyote excavation" is very simple, it is similar to the gold mine excavation. But just change the format to do in the computer system. The computer must be used as a server to use cochlea to collect transactions, so it will receive a bitcoin payment. But to get the compensation will have to correct the mathematical equation. Which must compete with other people. If we succeed, we will be the owner of the recoil from the excavation itself.
For the difficulty of digging. Based on the number of bits remaining in the system, the maximum number of bits is 21 million. Solving equations is even more difficult. Including the strength of computer processing, we also need more, according to the difficulty of digging. We see the news that people turn to buy a video card to compete to dig a coin. The more powerful the computer, the faster it will solve the equation. The amount of money from the excavation is clearly defined. The first phase will be 50 BTC time, the amount will gradually decrease every 4 years, so now only 25 BTC.
Currently, the number of bits remaining in the system is less than 5 million BTC, but the number of people digging continues to increase, so the chances of getting rich bitcool is more difficult. I need to buy expensive video card.
2. Trading with other currencies.
If someone does not have a strong computer to dig a bit coyne. We can take other currencies that are accepted to trade to speculate the value of bitcoin from diggers. There are many online redemption shops. That acts like a bank The exchange rate is based on the market mechanism, which is the time when it is popular. The value of the bit coil is higher.
1 bit coil, how many?
The value of bit coin changes all the time, just like any other currency in the market, or as we call it Demand Supply. Where is the demand for bit coil? There are more than the amount of cochlea in the system. As a result, the incremental value of the bit coin increases, as in the case of a malware called ransom. On the other hand, if the bit coil in the system is too much, it will decrease the value.
On December 8, 2560, the momentum has created a new record highs worth up to 18,000 USD per 1 BTC or more than 580,000 Baht ever. From the speculation of investors. The current bruising (as of December 15, 2017) 1 BTC is equal to 17,200 USD, or about 560,000 Baht
At the first bit rate of exchange Was set up in October 2009 at 1 BTC is 0.000764 USD, even in November 2010, bit coil can quickly increase the value to 1 BTC is 0.50 USD and has increased tremendously to the present.
Images from bitcoincharts
However, bit coin is a very volatile currency. On average, one day the value of bit coin will change about 5%, which is very high compared to the normal currency or the average daily stock investment will change by less than 1%. Investment or speculation Should be studied more and more thorough knowledge. Otherwise, it may be easy to lose.
Bitcoin is illegal? Is it acceptable?
Even now, the popularity of digital coin is growing. But the Bank of Thailand has no law to support the investment. Or buy - sell this currency. And confirmed that bit Coyne. The money is not paid under Thai law. The story is to make the Cylinder is legal. It is still in the process of studying the pros and cons. Because of the risk and volatility. Including the Ministry of Finance itself. I came out as well. Make people pay attention to investing in digital currency. If damage occurs. Will not care
- Read the press release, warns investors not to point Coyne is illegal gambling.
There are currently no financial institutions in Thailand. Allows the public to buy and sell digital currency legally. There will also be studies to introduce Blockchain technology to enhance the efficiency of financial services, such as Siam Commercial Bank and Bank of Ayudhya. In cooperation with Japanese companies, Blockchain technology provides cross-border money transfer services for businesses and industries.
At present, there are many countries that accept legal Bitcoins, such as in Europe, the United States, Canada and Japan. There are also many operators accepting payments in bitc coins such as Dell, Expedia, Greenpeace and Wikipedia
Bitcoin Opportunities or Risks?
For bitcoin Or other digital currency to spend on goods and services, bringing convenience to many aspects. No need to carry cash. I want to transfer to anyone in the world, it is easy to send email. And the days of digital currency began to play a greater role in our daily lives.
But the risk of currency is also very high, as well as currency volatility. Another channel of money laundering. It is also a channel for Internet theft. No user data is specified. The arrest of the offender has made it difficult. At the same time, there are security risks. Because of the fact that the cochlea does not exist. It is possible to get lost if you are attacked by a virus that needs to crash into the system. The central banks of many countries still can not control the amount of money in the system to be stable.
I have to say that the moment C coin is not far away from us. The daily life of everyone involved in the Internet. Of course. And Bitcoin will play an increasingly important role in the global financial system. Learning to understand this is not damaged. Who will know the future ahead? "Bit coin" may become the main currency used widely.
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