After all the hard work, we have to get paid with real money. Would you take BITCOINS?
BITCOINS isn't real money, though. It has been called crypto-currency, digital currency, simply just cash for the internet.
"World currency, international finance, a world currency,supranational currency, or global currency refers to a currency that is transacted internationally, with no set borders (http://en.m.wikipedia.org/wiki/World_currency)."
BITCOINS is the result of peer-to-peer technology. The coin operates with no central authority or banks as insurance of liability. Bitcoins business is carried out collectively by and via the network.
"What's wrong with the dollar bill?", you might ask.
Have you seen one of the latest video viral trends based on the greed of the season? WAL-MART FIGHTS, such as this one, (https://www.youtube.com/watch?v=2rPleC29A8w&feature=youtube_gdata_player), found on YouTube, are the result of consumers trying to save money and splurge simultaneously on Christmas.
Consumers have morphed the holiday shopping season into the season for quitting your diet to order a number 13, and showcasing some WALMART-wing-chun for a 90" tv at "the store".
Shopping during the holiday season is getting dangerous. Cash here; cash there. Card transactions are better. Online shopping is a safer alternative to imbibe on all of the pretty-sales. Safer is a loose term, when speaking of web transactions, because of identity theft and other illegal surveillance tactics. Physically, though, online shopping is protected. Inflation is huge. The USD vs an international currency wouldn't be an even comparison.
BITCOINS are one type of money with one stash. It has been around for awhile, now. The first Bitcoin specification and proof of concept was published in 2009 in a cryptography mailing list by Satoshi Nakamoto.
"Bitcoins can be transferred from Africa to Canada in 10 minutes. There is no bank to slow down the process, level outrageous fees, or freeze the transfer. You can pay your neighbors the same way as you can pay a member of your family in another country(http://bitcoin.com/)."
According to http://preev.com/ BITCOINS, 1 BTC, equals 1,059 USD. This site shows the live exchange rate for BTC.
An authority on the issue of global money is John Maynard Keynes. He argues that such a currency would not suffer from inflation. Others debate that a single global currency would make conducting international business more efficient and would encourage foreign direct investment.
Alternatively, the main reason why one wouldn't accept BITCOINS on their next paycheck is that it isn't accepted everywhere. Cards are only recently reaching that status. Most people never see the cash value of their paycheck. Another reason why BITCOINS are bad is that everybody doesn't find keeping up with digital transactions to be easy. For example, you set up a Bitcoin wallet on your phone. Passwords are like keys on a key chain. With electronic keys the wallet app can regularly change for you. That means you need to keep an accurate track of those changes on backup. If you lose your phone and your keys, you’ve lost the money. The setup is an open source similar to Wikimedia. The concept is based on a "world agreement" that the rules of BITCOINS can't be changed.
So, the hours are done, and your salary expectations are complete. After all the hard work, we have to get paid with real money, right? Would you take BITCOINS?
BITCOINS isn't real money, though. It has been called crypto-currency, digital currency, simply just cash for the internet.
"World currency, international finance, a world currency,supranational currency, or global currency refers to a currency that is transacted internationally, with no set borders (http://en.m.wikipedia.org/wiki/World_currency)."
BITCOINS is the result of peer-to-peer technology. The coin operates with no central authority or banks as insurance of liability. Bitcoins business is carried out collectively by and via the network.
"What's wrong with the dollar bill?", you might ask.
Have you seen one of the latest video viral trends based on the greed of the season? WAL-MART FIGHTS, such as this one, (https://www.youtube.com/watch?v=2rPleC29A8w&feature=youtube_gdata_player), found on YouTube, are the result of consumers trying to save money and splurge simultaneously on Christmas.
Consumers have morphed the holiday shopping season into the season for quitting your diet to order a number 13, and showcasing some WALMART-wing-chun for a 90" tv at "the store".
Shopping during the holiday season is getting dangerous. Cash here; cash there. Card transactions are better. Online shopping is a safer alternative to imbibe on all of the pretty-sales. Safer is a loose term, when speaking of web transactions, because of identity theft and other illegal surveillance tactics. Physically, though, online shopping is protected. Inflation is huge. The USD vs an international currency wouldn't be an even comparison.
BITCOINS are one type of money with one stash. It has been around for awhile, now. The first Bitcoin specification and proof of concept was published in 2009 in a cryptography mailing list by Satoshi Nakamoto.
"Bitcoins can be transferred from Africa to Canada in 10 minutes. There is no bank to slow down the process, level outrageous fees, or freeze the transfer. You can pay your neighbors the same way as you can pay a member of your family in another country(http://bitcoin.com/)."
According to http://preev.com/ BITCOINS, 1 BTC, equals 1,059 USD. This site shows the live exchange rate for BTC.
An authority on the issue of global money is John Maynard Keynes. He argues that such a currency would not suffer from inflation. Others debate that a single global currency would make conducting international business more efficient and would encourage foreign direct investment.
Alternatively, the main reason why one wouldn't accept BITCOINS on their next paycheck is that it isn't accepted everywhere. Cards are only recently reaching that status. Most people never see the cash value of their paycheck. Another reason why BITCOINS are bad is that everybody doesn't find keeping up with digital transactions to be easy. For example, you set up a Bitcoin wallet on your phone. Passwords are like keys on a key chain. With electronic keys the wallet app can regularly change for you. That means you need to keep an accurate track of those changes on backup. If you lose your phone and your keys, you’ve lost the money. The setup is an open source similar to Wikimedia. The concept is based on a "world agreement" that the rules of BITCOINS can't be changed.
So, the hours are done, and your salary expectations are complete. After all the hard work, we have to get paid with real money, right? Would you take BITCOINS?
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