Bob Jain: 4 Things You May Not Know About Bitcoin
You might have heard of Bitcoin by name, but how much do you truly know about it? For those not in the know, this is a digital payment system that allows people to make transactions between one another directly. In other words, Bitcoin doesn't require a middleman. With this information in mind, here are 4 more intriguing facts about the payment system in question, courtesy of financial authorities such as Bob Jain.
If you'd like to know who created Bitcoin, you only have to look at one name: Satoshi Nakamoto. However, the actual individual responsible for creating this system is unknown, as the aforementioned name has been attributed to not only individuals but groups as well. There has been rampant speculation regarding Nakamoto's past, including his birth and location. However, the information present is largely unverified.
Do you know what the value of a bitcoin is? If not, rest easy knowing that you're not the only one. According to Robert Jain, the value of this digital currency is largely determined by how the general public views it. What this means is that you cannot look at a coin, for example, and see how much it's worth like you could a dollar bill. To say that this interesting would be an understatement, but there's far more to learn about Bitcoin as a whole.
If you'd like to invest in bitcoins, there are a few ways to go about it. For instance, you can go on a website that allows you to trade money for bitcoins at the current exchange rate; this might be the easiest method. You can also trade if you know someone that's willing to do so. There are a few ways to go about it, meaning that if you're set on making this investment, you're not without options.
Lastly, bitcoins can be easily found. You might not think that a digital form of currency can be lost like a physical dollar bill, but there's truth to this matter that should be addressed. Bitcoins are held in digital wallets, which can become lost if holders aren't careful. With the unique codes that bitcoins have, they cannot be recovered. Once they are gone, they are gone forever, so a level of care is required for this purpose.
If you'd like to know who created Bitcoin, you only have to look at one name: Satoshi Nakamoto. However, the actual individual responsible for creating this system is unknown, as the aforementioned name has been attributed to not only individuals but groups as well. There has been rampant speculation regarding Nakamoto's past, including his birth and location. However, the information present is largely unverified.
Do you know what the value of a bitcoin is? If not, rest easy knowing that you're not the only one. According to Robert Jain, the value of this digital currency is largely determined by how the general public views it. What this means is that you cannot look at a coin, for example, and see how much it's worth like you could a dollar bill. To say that this interesting would be an understatement, but there's far more to learn about Bitcoin as a whole.
If you'd like to invest in bitcoins, there are a few ways to go about it. For instance, you can go on a website that allows you to trade money for bitcoins at the current exchange rate; this might be the easiest method. You can also trade if you know someone that's willing to do so. There are a few ways to go about it, meaning that if you're set on making this investment, you're not without options.
Lastly, bitcoins can be easily found. You might not think that a digital form of currency can be lost like a physical dollar bill, but there's truth to this matter that should be addressed. Bitcoins are held in digital wallets, which can become lost if holders aren't careful. With the unique codes that bitcoins have, they cannot be recovered. Once they are gone, they are gone forever, so a level of care is required for this purpose.
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