Bitcoin update

[AlwaysAway2]

But surely one of the big tech companies will get involved make it more easily available and do it better, i'm sure they will!

No. No No NO NO.

The original bitcoin works on trust and it is decentralised.

Put another way … NO ONE CONTROLS IT and it exists all over the world continuously updating its own blockchain with all the bitcoins and access to then controlled by wallets of owners. No one can affect it unless the internet is taken down and even then the bitcoin in cold storage are safe.

If any large company like Facebook who answer to the US Government start a coin it will not work. At best it will be a fiat substitute under Government control. A bit like Green shield stamps.

[lardy]

No. No No NO NO.

The original bitcoin works on trust and it is decentralised.

Put another way … NO ONE CONTROLS IT and it exists all over the world continuously updating its own blockchain with all the bitcoins and access to then controlled by wallets of owners. No one can affect it unless the internet is taken down and even then the bitcoin in cold storage are safe.

If any large company like Facebook who answer to the US Government start a coin it will not work. At best it will be a fiat substitute under Government control. A bit like Green shield stamps.

Decentralised, no one controls it...hmmm heard that all before in the 90s when the internet was getting started.

[Bluebina]

No. No No NO NO.

The original bitcoin works on trust and it is decentralised.

Put another way … NO ONE CONTROLS IT and it exists all over the world continuously updating its own blockchain with all the bitcoins and access to then controlled by wallets of owners. No one can affect it unless the internet is taken down and even then the bitcoin in cold storage are safe.

If any large company like Facebook who answer to the US Government start a coin it will not work. At best it will be a fiat substitute under Government control. A bit like Green shield stamps.

I'm not sure Facebook or the others would agree?

Facebook plans to launch 'GlobalCoin' cryptocurrency in 2020

Mark Zuckerberg met the governor of Bank of England last month to discuss the decision.

https://www.theguardian.com/technolo...rrency-in-2020

It might take a while and lots of potential problems but one of the big tech firms will crack it eventually.

[OurManFlint II]

I'm not sure Facebook or the others would agree?

Facebook plans to launch 'GlobalCoin' cryptocurrency in 2020

Mark Zuckerberg met the governor of Bank of England last month to discuss the decision.

https://www.theguardian.com/technolo...rrency-in-2020

It might take a while and lots of potential problems but one of the big tech firms will crack it eventually.

They can create all they want, i think there are 1600 crypto currencies out in world now, adoption and use is where its at!

At least Facebook don't have to do a KYC on people, they got all they need!