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daksh007
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Thu Jan 10, 2019 3:55 pm
Bitcoin transactions are secure, irreversible, and do not contain customers’ sensitive or personal information. This protects merchants from losses caused by fraud or fraudulent chargebacks, and there is no need for PCI compliance
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daksh007
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Thu Jan 10, 2019 3:56 pm
Bitcoin users are in full control of their transactions; it is impossible for merchants to force unwanted or unnoticed charges as can happen with other payment methods.
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daksh007
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Thu Jan 10, 2019 3:56 pm
Bitcoin payments can be made without personal information tied to the transaction. This offers strong protection against identity theft. Bitcoin users can also protect their money with backup and encryption.
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daksh007
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Thu Jan 10, 2019 3:56 pm
the Bitcoin money supply itself is readily available on the block chain for anybody to verify and use in real-time. No individual or organization can control or manipulate the Bitcoin protocol because it is cryptographically secure.
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daksh007
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Thu Jan 10, 2019 3:56 pm
Many people are still unaware of Bitcoin. Every day, more businesses accept bitcoins because they want the advantages of doing so, but the list remains small and still needs to grow in order to benefit from network effects.
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daksh007
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Thu Jan 10, 2019 3:57 pm
The total value of bitcoins in circulation and the number of businesses using Bitcoin are still very small compared to what they could be. Therefore, relatively small events, trades, or business activities can significantly affect the price. In theory, this volatility will decrease as Bitcoin markets and the technology matures.
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Dhruv singhaniya
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Thu Jan 10, 2019 3:57 pm
The smallest unit of a bitcoin is called a satoshi. It is one hundred millionth of a bitcoin (0.00000001) – at today’s prices, about one hundredth of a cent.
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daksh007
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Thu Jan 10, 2019 3:57 pm
Bitcoin software is still in beta with many incomplete features in active development. New tools, features, and services are being developed to make Bitcoin more secure and accessible to the masses. Some of these are still not ready for everyone. Most Bitcoin businesses are new and still offer no insurance. In general, Bitcoin is still in the process of maturing.
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daksh007
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Thu Jan 10, 2019 3:57 pm
Bitcoin is a growing space of innovation and there are business opportunities that also include risks. There is no guarantee that Bitcoin will continue to grow even though it has developed at a very fast rate so far.
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daksh007
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Thu Jan 10, 2019 3:58 pm
Investing time and resources on anything related to Bitcoin requires entrepreneurship. There are various ways to make money with Bitcoin such as mining, speculation or running new businesses.
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daksh007
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Thu Jan 10, 2019 3:58 pm
Bitcoin is as virtual as the credit cards and online banking networks people use everyday. Bitcoin can be used to pay online and in physical stores just like any other form of money. Bitcoins can also be exchanged in physical form such as the Denarium coins, but paying with a mobile phone usually remains more convenient.
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daksh007
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Thu Jan 10, 2019 3:58 pm
tcoin is designed to allow its users to send and receive payments with an acceptable level of privacy as well as any other form of money. However, Bitcoin is not anonymous and cannot offer the same level of privacy as cash.
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Dhruv singhaniya
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Thu Jan 10, 2019 3:58 pm
Bitcoin is a cryptocurrency, a form of electronic cash.
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daksh007
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Thu Jan 10, 2019 3:59 pm
The use of Bitcoin leaves extensive public records. Various mechanisms exist to protect users' privacy, and more are in development. However, there is still work to be done before these features are used correctly by most Bitcoin users.

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daksh007
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Thu Jan 10, 2019 3:59 pm
lost bitcoins remain dormant forever because there is no way for anybody to find the private key(s) that would allow them to be spent again. Because of the law of supply and demand, when fewer bitcoins are available, the ones that are left will be in higher demand and increase in value to compensate.
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Dhruv singhaniya
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Thu Jan 10, 2019 3:59 pm
It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.
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daksh007
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Thu Jan 10, 2019 3:59 pm
Bitcoin network can already process a much higher number of transactions per second than it does today. It is, however, not entirely ready to scale to the level of major credit card networks.
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daksh007
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Thu Jan 10, 2019 3:59 pm
As traffic grows, more Bitcoin users may use lightweight clients, and full network nodes may become a more specialized service.
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daksh007
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Thu Jan 10, 2019 4:00 pm
To the best of our knowledge, Bitcoin has not been made illegal by legislation in most jurisdictions. However, some jurisdictions (such as Argentina and Russia) severely restrict or ban foreign currencies. Other jurisdictions (such as Thailand) may limit the licensing of certain entities such as Bitcoin exchanges.
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daksh007
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Thu Jan 10, 2019 4:00 pm
Bitcoin is money, and money has always been used both for legal and illegal purposes. Cash, credit cards and current banking systems widely surpass Bitcoin in terms of their use to finance crime.
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daksh007
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Thu Jan 10, 2019 4:00 pm
Bitcoin can bring significant innovation in payment systems and the benefits of such innovation are often considered to be far beyond their potential drawbacks.
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daksh007
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Thu Jan 10, 2019 4:00 pm
Bitcoin is designed to be a huge step forward in making money more secure and could also act as a significant protection against many forms of financial crime. For instance, bitcoins are completely impossible to counterfeit.
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Dhruv singhaniya
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Thu Jan 10, 2019 4:01 pm
Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto[9] and released as open-source software in 2009.
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daksh007
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Thu Jan 10, 2019 4:01 pm
Bitcoin allows money to be secured against theft and loss using very strong and useful mechanisms such as backups, encryption, and multiple signatures.
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Dhruv singhaniya
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Thu Jan 10, 2019 4:01 pm
Bitcoins are created as a reward for a process known as mining.
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