why is bitcoin allowed to exist

Last Updated on April 3, 2023 by Paganoto

What is bitcoin and how does it work? – New Scientist

What is bitcoin and how does it work? – New Scientist

Bitcoin was created as a way for people to send money over the internet. The digital currency was intended to provide an alternative payment system that would operate free of central control but otherwise be used just like traditional currencies.

The brutal truth about Bitcoin – Brookings Institution

The brutal truth about Bitcoin – Brookings Institution

This is puzzling. It has no intrinsic value and is not backed by anything. Bitcoin devotees will tell you that, like gold, its value comes from …

Why Do Bitcoins Have Value? – Investopedia

Why Do Bitcoins Have Value? – Investopedia

Precious metals like gold are used in industrial applications, while Bitcoin’s underlying technology, the blockchain, has some applications across the financial …

The History of Bitcoin, the First Cryptocurrency

The History of Bitcoin, the First Cryptocurrency

Bitcoin was created so people don’t have to rely on government or financial institutions to make financial transactions. Bitcoin allows users to …

What Is Bitcoin? How Does It Work? – Forbes Advisor

What Is Bitcoin? How Does It Work? – Forbes Advisor

Bitcoin is built on a distributed digital record called a blockchain. As the name implies, blockchain is a linked body of data, made up of units …

Reasons To Make It Illegal

Reasons To Make It Illegal

One of the worst foreseeable consequences of making Bitcoin legal is the fact that Bitcoin economies are the perfect haven for black markets. Bitcoin has two …

Bitcoin – Wikipedia

Bitcoin – Wikipedia

The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. … The currency began use in 2009, when its …

FAQ – Bitcoin.org

FAQ – Bitcoin.org

Bitcoin is designed to be a huge step forward in making money more secure and could also act as a significant protection against many forms of financial crime.

“Bitcoin Has No Intrinsic Value”. Then What Gives Bitcoin Value?

“Bitcoin Has No Intrinsic Value”. Then What Gives Bitcoin Value?

Similar to Fiat currency, Bitcoin (or most of the cryptocurrencies) is also not backed by any gold or silver hence does not have any intrinsic value. The value …

Why criminals can't hide behind Bitcoin | Science | AAAS

Why criminals can't hide behind Bitcoin | Science | AAAS

Companies have sprung up that sell Bitcoins—at a profitable rate—and provide ATM machines where you can convert them into cash. And of course, you can sell …