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  7. Bitcoin value tops Gold !!

Bitcoin value tops Gold !!

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03 Mar 2017 11:17 #336665 by ketchim

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03 Mar 2017 11:18 #336666 by ketchim
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)

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03 Mar 2017 11:34 #336667 by ketchim
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.

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03 Mar 2017 12:09 #336670 by ketchim
These addresses are in turn stored in Bitcoin wallets

which are used to manage savings  ;)

Verifying bitcoin transactions takes a lot of computer power

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04 Mar 2017 10:34 #336735 by chairman
Will it catch on
Always tell someone how you feel because opportunities are lost in the blink of an eye but regret can last a lifetime.
cricketwindies.com/forum/

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06 Mar 2017 13:53 #336856 by Googley
Bitcoin is also the vehicle of use by crooks such as Ransomware and other hijackers of electronic data! 

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