Does the Bitcoin dominate the world and replace the paper currency?

in bitcoin •  7 years ago 

Bitcoin Digital is one of the most popular online currency currencies, designed to solve the problems of transferring money from one place to another, or because of cumbersome procedures, and has begun to spread significantly after being supported by many technology companies, It was used in many terrorist operations and piracy. It was traded from 2009 but disappeared in 2010, once again, and has recently broken down all expectations and reached $ 4,000 for one home currency. The relationship between the countries New York is considered the first city to accept the virtual currency "bitcoin",
where a previous report revealed in February 2015, that now can be used bitcoin in many places and pay for parking, where New York City sought to find the best ways and solutions to facilitate payment for the corner And there have been many attempts last year to launch an application that users can pay with, through Apple's "Pay Pay", PayPal or bitcoin  
Russia has taken a hostile position from Bitcoin, where it threatened earlier to enact laws to prevent bitcoin trading in 2014, but it has only recently made a real move following the collapse of the Russian currency, making many wealthy Russians buying Bitcoin and turning it out of the country. However, earlier this year, Russian Deputy Finance Minister Alexei Moisev disclosed in an interview with the Bloomberg economic agency that his country's authorities may enter the default currency "bitcoin" into trading in 2018,
Where bitcoin will be classified as a "financial product" and then all anti-transaction rules will apply And faith. In Egypt, a senior banking official at the Central Bank of Egypt said that the bank is currently considering an integrated study of the possibility of issuing legislation or a special law that allows trading of virtual or digital currencies, most notably "bitcoin" and recognition as a financial product in financial and banking transactions. These include the availability of trading in banking operations in the banks operating in the local banking market, dealing with the purchase of goods and services and related legal aspects. This comes within the framework of the development witnessed in this area globally in financial and banking transactions.

Facts about bitcoin
- This currency does not control any entity. It does not resemble the traditional currency, which is under the control of banks and is subject to decline or rise.
- There is an unlimited number of bitcoin coins. They are not printed like coins or are minted, and they amount to at least 21 million coins.
- bitcoin allows users to see all transactions, instilling a lot of confidence and security among the bitcoin community, unlike the banks that tell you how to manage your money.
- You can not reverse the transaction, if you send a number of bitcoin currency to a company you can not cancel the transaction.
- You can send bitcoin to anywhere in the world without extra costs in just a few minutes.
- Bitcoin currencies are kept in an electronic "wallet" and if lost, you can not redeem them again


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Woff, woff!

Hello @totyahmed731993, We have met 4 times already!

I'm a guide dog living in KR community. I can see that you want to contribute to KR community and communicate with other Korean Steemians. I really appreciate it and I'd be more than happy to help.

KR tag is used mainly by Koreans, but we give warm welcome to anyone who wish to use it. I'm here to give you some advice so that your post can be viewed by many more Koreans. I'm a guide dog after all and that's what I do!

Tips:

  • If you're not comfortable to write in Korean, I highly recommend you write your post in English rather than using Google Translate.
    Unfortunately, Google Translate is terrible at translating English into Korean. You may think you wrote in perfect Korean, but what KR Steemians read is gibberish. Sorry, even Koreans can't understand your post written in Google-Translated Korean.
  • So, here's what might happen afterward. Your Google-Translated post might be mistaken as a spam so that whales could downvote your post. Yikes! I hope that wouldn't happen to you.
  • If your post is not relevant to Korea, not even vaguely, but you still use KR tag, Whales could think it as a spam and downvote your post. Double yikes!
  • If your post is somebody else's work(that is, plagiarism), then you'll definitely get downvotes.
  • If you keep abusing tags, you may be considered as a spammer. It may result to put you into the blacklist. Oops!

I sincerely hope that you enjoy Steemit without getting downvotes. Because Steemit is a wonderful place. See? Korean Steemians are kind enough to raise a guide dog(that's me) to help you!

Woff, woff! 🐶

nice article ;) keep it up

kr-guide!