Bitcoin is a digital asset developed in 2009 by someone under the pseudonym of Satoshi Nakamoto. This digital asset is like gold, but only available in the digital world. The concept may sound like eGold, although it is actually much different.
#bitcoin-as-a-digital-asset-has-the-following-features:
♢PEER TO PEER INSTANT TRANSFER
Peer-to-peer itself means Bitcoin runs without having a central server. The storage servers are decentralized and distributed-shared to the various servers run by each user connected to the network.
♢TRANSFER TO ANYWHERE
unlike gold, Bitcoin can be sent anywhere in seconds, whenever and wherever you want. Shipping with Bitcoin can happen only with a smartphone's capital and internet connection.
♢TRANSFER FEE IS VERY SMALL
shipping costs can be eliminated until free, but to speed up transactions, usually your #Bitcoin wallet will cut costs around 500 - 3,000 rupiah, no matter how many #bitcoins are sent
Transaction is irreversible, meaning once transferred can not be canceled.
Bitcoin is given to someone else's hand, the transaction can not be canceled unless the person is willing to send the #Bitcoin back;
♢BITCOIN TRANSACTIONNS ARE PSEUDONYMOUS.
all transactions ever done at once #Bitcoin balances possessed by someone we can see, but we do not know who the owner of the #Bitcoin address if the owner does not tell it. every #Bitcoin user can actually choose whether his or her name will appear or not, but even if the user wants to keep his identity secret, all of his transactions are kept public and publicly monitored.
♢BITCOIN IS NOT CONTROLLED BY ANY AGENCY OR GOVERNMENT
#bitcoins that use #Blockchain databases are not controlled by a party, but are so open to the public that it is impossible for someone to forge transactions in Blockchain. All transactions are recorded live, transparent, and spread over millions of servers. those who wish to alter or falsify #Bitcoin transaction data, must hack millions of servers at the same time.
♢THE AMOUNT LIMTED
#Bitcoin supply will only be 21 million #Bitcoin worldwide. #Bitcoin's declining creation system every four years resembles an economic system based on deflation and with increasing supply of #bitcoin, #bitcoin prices tend to rise
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You can transfer #bitcoin to anywhere in the world as long as it is connected to the internet. Bitcoin will be stored into the #Bitcoin Wallet. This wallet must be installed on both sides, can be with PC / laptop, tablet or smartphone. After installing the wallet, you will get a #Bitcoin Address. for #bitcoin transfer is very easy, open the wallet application, input #Bitcoin Address of the transaction opponent and the number of #bitcoin you want to transfer, then send.
then you may ask, if there is no bank or company that manage as well as paypal or egold, then financial data is stored where? The answer, on your own computer (in wallet) and peer to peer network around the world. #Bitcoin is stored on your computer inside the wallet. if the computer is damaged just the #bitcoin you lost, so #bitcoin wallet must be backed up periodically to some devices. When making transactions, tens of thousands of computers in the #bitcoin network will verify the data you input so there is no cheating.
♢WHY DO POPLE START TO MIX AND BUY BITCOIN?
#Bitcoin is developed with the idealism that a good digital asset is not controlled by the government or central bank. the financial crisis some time ago confirmed that the government is always negligent in maintaining economic stability. the government is believed to always be controlled by corrupt people and only works for personal gain, so that financial decisions are always on the side of a mere conglomerate.
This concept appeals to many people especially geek in the IT world. they began to invest their assets in the form of #bitcoin, while the world's economy increasingly unstable proved by the banking crisis of America and Europe. #Bitcoin is believed to be a digital asset and a universal commodity so that prices will continue to soar. proven, see in January 2013, 1 BTC (bitcoin unit) is traded at a price range of 13 USD. While in May 2013, 1 BTC appreciated with a value of 120 USD, this means in 5 months the value of #bitcoin has soared almost 10-fold. then in December 2013, 1 BTC is appreciated with a value of 860 USD. That means that #bitcoin has soared 66 fold in 1 year. If 2 years ago (early 2011) you are idly buying bitcoin for 0.3 USD, I congratulate you on being a millionaire 😀
bitcoin also has two very interesting features that are anonymous and very low transaction costs (almost 0). You can make transactions without providing identity at all, this can keep your privacy to the highest level .
Who published Bitcoin?
The new #bitcoin is created by a process called "mining". Miners use sophisticated computers to decipher the complex mathematics to discover the new block of #Bitcoin, as a reward the inventor will be rewarded with a number of #bitcoins. prize per found 1 block initially there are 50 BTC, now 25 BTC / block, then will continue to decrease along with add #Bitcoin circulation. The system has ensured that the maximum #bitcoin in the world is 21 Million BTC so there will be no inflation.
●IS BITCOIN SAFE?
You might think that an open source #bitcoin system allows a genius computer to break into a bitcoin system and publish a number of #bitcoins for itself. In fact this system has been reviewed by various circles as flawless. any past transaction data is stored in all peers across the network, and should be in order. Each new transaction will be verified by a number of newly declared valid peers.
Secure, insecure bitcoin systems are users and money exchangers. just like internet banking passwords, hackers can easily steal some #money from you if the computer is infected with a virus .
How to get Bitcoin?
You can get bitcoin by buying and mining. To buy #bitcoin can be done in exchangers such as indodax.com (#indonesia), mtgox (US & Japan), and btcchina.com (China).
Will buying #Bitcoin be profitable?
this question is like what stock questions to buy tomorrow. No one can be sure. But if I see from the media developments that cover the enthusiasm will #bitcoin everywhere will create a very high demand. I believe prices will continue to soar many times over, I myself start investing some money into #bitcoin. But of course I am not responsible for any losses that if it will be experienced by readers. the capitalization value of bitcoin is now about 1.3 Billion USD or about 13 Trillion Rupiah 11 Billion USD or 130 Trillion Rupiah (updated December 14, 2013), but this is still the beginning of many people who do not know #Bitcoin.
Please learn more about Bitcoin:
intro: http://bitcoin.org/en/
Video: https://www.weusecoins.com/en/
Wiki: https://en.bitcoin.it/wiki/Trade.
to find out the current bitcoin price and price table. visit blog heajin
https://steemit.com/civic/@haejin/civic-cvc-basin-phase