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Bitcoin value tops Gold !! - Printable Version

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Bitcoin value tops Gold !! - ketchim - 03-03-2017

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Re: Bitcoin value tops Gold !! - ketchim - 03-03-2017

A unit of the digital cryptocurrency Bitcoin

has exceeded the value of an ounce of gold for the first time.

It closed at $1,268 on Thursday while a troy ounce of gold stood at $1,233 8)


Re: Bitcoin value tops Gold !! - ketchim - 03-03-2017

There are currently about 15 million Bitcoins in existence.

To receive a Bitcoin, a user must have a Bitcoin address

- a string of 27-34 letters and numbers -

which acts as a kind of virtual post-box to and from which the Bitcoins are sent.

Since there is no register of these addresses, people can use them to protect

their anonymity when making a transaction.


Re: Bitcoin value tops Gold !! - ketchim - 03-03-2017

These addresses are in turn stored in Bitcoin wallets

which are used to manage savings  Wink

Verifying bitcoin transactions takes a lot of computer power

[Image: _89538199_000163599-1.jpg]


Re: Bitcoin value tops Gold !! - chairman - 03-04-2017

Will it catch on


Re: Bitcoin value tops Gold !! - Googley - 03-06-2017

Bitcoin is also the vehicle of use by crooks such as Ransomware and other hijackers of electronic data!