| operations |
| comment | | "parent_author":"",<br>"parent_permlink":"bitcoin",<br>"author":"drqaisarbashir",<br>"permlink":"bitcoin-genral-info-regarding-bitcoins",<br>"title":"BITCOIN: GENRAL INFO REGARDING BITCOINS.",<br>"body":"Bitcoin is a digital currency invented by a mysterious person SATOSHI NAKAMOTO,<br>whose true identity is yet to be identified. Bitcoin offers the promise of Lowe transaction fee than the transactional online mechanism and it is operated be decentralised authority unlike govt issued currency. \n![bitcoin.gif (https:\/\/steemitimages.com\/DQmVbrRwKwzcXtPteVFJvQmyjLhy6Cx6PEfx96STMhAxvau\/bitcoin.gif)\n\nThere are no physical bitcoins,<br> only balances are kept in a public ledger in the cloud. Bitcoins are not backed by or issued by any bank or govt. Bitcoins are not valuable as a commodity ,<br> they are kept in the form of digital currencies and they are not backed by any commodity like Gold,<br> silver etc. as in case of RBI issued currency.despite it is not being a legal tender Bitcoin are very popular and they have triggered the launch of other virtual currencies like LITECOIN,<br> DOGECOINS,<br> BBQCOINS etc..\n![images (7).jpg (https:\/\/steemitimages.com\/DQmWDGjXu9ijZF59XeUVH7KoWavBF7yRLLk8JhuoUT61d9V\/images%20(7).jpg)\n\n\n\nAccording to RBI. Bitcoins are illegal and scam prone because no central bank has authorised Bitcoin,<br> they are not traded through BSC( BOMBAY STOCK EXCHANGE) or NSC ( national stock exchange ) or any commodity exchanges. The legal status of bitcoin exchange website is not clear.\n![images (6).jpg (https:\/\/steemitimages.com\/DQmaUgVsQ8c5TzVmejSuLT4hxePMFHpu5cyfkNC1QPT2QWU\/images%20(6).jpg)\n \n\n\nThey are mere digital codes and they don not have any intransic value as they are not backed by gold,<br> silver Or any other commodity. \nThere is too much speculation and volatility in case of bitcoin,<br> it makes dollar-bitcoin exchange rate highly volatile.\n\n\nNEGATIVE IMPACTS:\nBut coin has been used in money laundering and terror financing.\n\nImage source :internet \n\n\n\nThank u.",<br>"json_metadata":" \"tags\":[\"bitcoin\",<br>\"money\",<br>\"dollar\",<br>\"steemit\",<br>\"trending\" ,<br>\"image\":[\"https:\/\/steemitimages.com\/DQmVbrRwKwzcXtPteVFJvQmyjLhy6Cx6PEfx96STMhAxvau\/bitcoin.gif\",<br>\"https:\/\/steemitimages.com\/DQmWDGjXu9ijZF59XeUVH7KoWavBF7yRLLk8JhuoUT61d9V\/images%20(7).jpg\",<br>\"https:\/\/steemitimages.com\/DQmaUgVsQ8c5TzVmejSuLT4hxePMFHpu5cyfkNC1QPT2QWU\/images%20(6).jpg\" ,<br>\"app\":\"steemit\/0.1\",<br>\"format\":\"markdown\" " |
|