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What is Bitcoin?
8 years agoLogin to comment.
Comments (5)
Bitcoin is illegal in the country where I live, Ecuador. My friend tells me to buy crytocurrencies but I prefer to spend the money on a house I am building for the moment.
Is it still illegal in Ecuador?
I personally can't see using something like this unless you have some understanding of IT. I'd rather go with something that's been around for decades than something that's not fully understood, tested across all customer platforms, and isn't used by everyone.
I think it sounds great, decentralization sounds great. However there should be some regulation of the exchanges. Otherwise, there is risk that the exchange may fail by accident or intentionally.
United StatesI think they fail intentionally a lot. Whenever there is a sizable drop in price of Bitcoin or Ethereum, Coinbase and GDAX go down immediately.
United StatesI think it could be a potential vehicle for transferring government backed money between two parties. I.e., it would be great to see it take down Visa and Mastercard as small Mom and Pop businesses would get something closer to cash.
