Bitcoin as a Store of Value, Unit of Account, and Medium ...
Bitcoin as a Store of Value, Unit of Account, and Medium ...
What is the "unit of account" in terms of Bitcoin?
Bitcoin Moves on Path to Money But Unit of Account a Long ...
Units - Bitcoin Wiki
Bitcoin is the Best Unit of Account - Bitcoinist.com
@hodlonaut He is using HTTP to instruct someone somebody to move the Bitcoin unit of account to the payment channel… https://t.co/hlpz89nyVS - Crypto Dynamic Info - Whales's
Posted at: February 16, 2019 at 10:01PM By: @hodlonaut He is using HTTP to instruct someone somebody to move the Bitcoin unit of account to the payment channel… https://t.co/hlpz89nyVS Automate your Trading via Crypto Bot : http://bit.ly/2GynF9t Join Telegram Channel for FREE Crypto Bot: Crypto Signal
Cannacoin is a new form of electronic money called "cryptocurrency" similar to Bitcoin and is geared toward use within the medical and recreational cannabis industry as a medium of exchange, a unit of account, and a store of value.
Bitcoins are secure, unforgeable, stable, predictable digital units of measure and units of account that exist on the money protocol layer of the internet, which anyone can interact with. (x-post from /r/Bitcoin)
If Bitcoin Cash plans to be the commerce friendly version of Bitcoin we need a different unit of account than a Bitcoin.
With a Bitcoin now valued at more than $600, it's a very cumbersome unit to buy a coffee. Nobody would want to pay 0.0005 Bitcoin for a purchase. It sounds ridiculous. I'd like to revive the move to bits with Bitcoin Cash. Not only would it help improve adoption as it helps reduce the illusion that bitcoin is "too expensive", but it would make the number scheme more consistent with traditional money where price is presented to the left of the decimal (5,000 bits) rather than to the right (0.0005 bits). Furthermore, it allows room for future adoption as bitcoin scales. A move to millibitcoins sounds attractive, but if bitcoin continues to increase in price it too could become obsolete. If we want to allow for smaller payments on Bitcoin Cash we need a unit of account that can allow for that, bits.
Because I am a large exchanger of bitcoins my bank account was frozen and I am being investigated by the german financial crimes unit for money laundering
Using a throwaway obviously to protect my identity. Some background: I am currently living in germany, but from another country. I purchased my bitcoins while living in this other country over a year ago. I now want to purchase a home with some of the bitcoins I purchased and because I used localbitcoins a few times (and was scammed and had a SEPA transactions reversed and one other forged apparently) I came up on the financial crime units list. So when I started having large amounts hitting my bank account from both mtgox and bitstamp, 2 more flags apparently were raised and 2 policemen came to my home and asked me to come to to the station to discuss my activity... as well as my freezing my bank account (with the money I need to pay for the house). So, a few days ago I went into the station to discuss with them how I invested, what the charges were about (from localbitcoins) and I had to show them when and how much I invested in bitcoins originally and how many I currently own. I am now hoping that my bank account will be unfrozen in the next few days as according the police, everything went pretty well but it still up to the judge to make a decision on my case. So, if you are living in germany and using bitcoins- please take note. You must always be conscious of how you are using your coins and what level of transparency you require given the amounts you are using. I personally will never use SEPA transfers again and will only do localbitcoin transactions in person.
Many have adopted the practice of referring to the micro-bitcoin metric sub-unit as "bits". Table of all units. This table is intended to include all well-defined units of bitcoin value, including less common and niche units. Unit Abbreviation Decimal (BTC) Alternate names Info Algorithmic maximum : 20,999,999.9769 Calculation: tam-bitcoin : 2,814,749.76710656 : 1,0000,0000 tonal mega-bitcoin ... Bitcoin’s utility as a unit of account depends on what you already believe about Bitcoin. If you are skeptical of Bitcoin, then it makes no sense to use Bitcoin as a unit of account. If you believe that Bitcoin will become the world currency, then it makes no sense to use anything else. You want to end up with as many bitcoins as possible, so it makes sense to price any investments or ... Thus, Bitcoin is the kind of money that works in an unstable world, which is the only kind that we know of, and it is a good store of value, unit of account, and medium of exchange, to the extent that these terms make sense amid great uncertainty. When people say “Bitcoin isn’t a good store of value or unit of account” what they really mean is “Bitcoin isn’t being adopted yet ... This article is the second in a series analysing Bitcoin. The other posts are linked at the bottom of this piece. The most important function of money is arguably as a unit of account, the common… Thus you need a rule for converting your bitcoin to your unit of account, pounds. Perhaps you choose a daily conversion rate and convert all bitcoin received that day to pounds. (Or you might use another conversion algorithm). Your unit of account is what you measure your money in. It is a bit like measuring distance in centimetres or inches or ...
How to Mine Bitcoins Using Your Own Computer - YouTube
We’ll stop supporting this browser soon. For the best experience please update your browser. In this series, Max is explaining in a short video format one concept about Bitcoin, Austrian Economics, or Anarchist Philosophy. The topics are wide ranging... Get some FREE Stocks on Robinhood: Use this referral link: https://join.robinhood.com/mattt277 In this tutorial video I will show you how to cash out your cr... ITM Trading's Lynette Zang Talks about shift away from the US dollar to the SDR as the global unit of account began back in May 2017. This shift is being ush... Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X IMPORTANT!! This method only illustrates how mining works. You will not make any money f...