Dollars, Pounds, Gold, Crypto - No Gang Members the rise of the Bit Currency

admin   Wed, 24 May 2017  MACHEENE | Report Abuse Picture taken from CNBC.COM 

THE RISE OF THE BIT

Something new is starting to come up, it has nothing to do with housing prices, nothing to do with job numbers and wages, it's a new way to trade and BIT is to dollars as dollars was to Gold. This new hedge you can hold in your hand but is virtual which makes it much more volatile because at this time there is no limit to how much you can get. Once upon a time Macheene did an article on Blockchain technology the advent highlighted a new trusted source to handle financing this new technology has birthed several new trusted currencies that in the beginning where just novelties traded for Chik a Fil meals and trader joe coupons to now where we have bitcoin making a new head and shoulders movement to the upside.. Talking dollars it starts to make sense how about that nugget 7 years ago costing you $2,200 bucks right now....that's right.

So why hasn't bitcoin blown up in the last 7 years, a new unknown technology that no one could truly breakdown or surmise before it's time kinda like the artist formally known Prince, and Lebron James. These things seem to repeat themselves if you don't know what it is and it seems weird my new motto is jump in. So as mentioned Bitcoin derived from the technology of block chain let's define that first 

Blockchain: I HATE THE GOVERNMENT AND BANK CONTROLLED ENTITIES. Yes we said it this digital currency is backed by itself, no one knows when you buy it and you can funnel or laundry any amount you would like into the currency. Who would use such as thing in such times, sounds illegal hence why most fortune 500 companies are jumping on the bit bandwagon with companies like Empethereum leading the service aspect of the industry formalizing it make it more legitimate. So if it's digital I could hack and make magic happen well that's where the block theory comes into play, it makes sure you don't double up on transactions through nodes a cryptic signature as they call it so don't try and hack it....How does it do this through multi-level verification steps that are applied to each currency purchase that makes it unique? Technically speaking this is better than Gold or the dollar because you can kinda fake those you can't yet fake the digital currency. 

How does this play into our beloved housing and automotive industry as the currency gains traction as a trusted source you may be able to get a discount on a home with parking your cash in the new wave. Thought the one world government was all about dollars, the blockchain makes it more real and tangible a digital currency accepted by the world. Another note Bitcoin loves Trump when everyone leaves the dollar they run into this asset as a safe haven similar to Gold. 


Taken from CNBC.COM 

Bitcoinira.com if you're interested in applying your dollars to the currency..