THE DIFFERENCE BETWEEN THE DOLLAR AND BITCOIN

By Banlero | Bitcoin legit site and bot | 14 Aug 2020


 

BITCOIN:

there is one thing that many new users do not understand about the Bitcoin: the biction is a currency part.it belongs to no country and exists virtually or digitally.
Created in 2009, the bitcoin is an encrypted electronic currency that allows such conduct transactions online without going through a bank. This is PAYPAL, SKRILL, SolidTrustPay that although virtual currencies requires going through a bank.


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DOLLAR :

The US dollar or USD is the currency of the United States and its overseas territories (such as Puerto Rico); it is also that of Ecuador, Zimbabwe, the Federated States of Micronesia, Marshall Islands, Palau, Panama, El Salvador, East Timor, Turkey Islands and Caicos, the British Virgin Islands and BES Islands. It is divided into 100 cents.

Its ISO 4217 code is "USD", with the name "dollar of the United States." Its symbol is "US $" or just "$" (Unicode character U + 0024). But that symbol is used locally to refer to other national currencies (eg the peso in Mexico).

The US dollar is the currency most used in the world for transactions, and since December 2006, the second to the euro in terms of money in circulation.7b69507b27574442aea36b761fd4b094d50aca90aa0b059be8498ec1e1d8334f.jpeg

DIFFERENCE

-----BITCOIN allows each person to store and exchange the value safely on a network that can not be grasped, manipulated or stopped by any organization or individual And

DOLLAR is the exclusive responsibility of the US federal government, and it is the Treasury Secretary who is responsible. The US central bank, the Federal Reserve System, in particular, has no mandate to communicate the value of the currency.

---We can use BITCOIN in all country in the world
But ONLY American people can use USD

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-----When asked what Bitcoin is different from the dollar, most people will tell you that it is because Bitcoin is not supported by anything. This is not quite true: while Bitcoin has no effect in physics to support, the dollar either. Historically, until 1971, most currencies were backed by a commodity, usually gold or silver. This is no longer the case. Furthermore, the argument that every bitcoin is covered by the amount of electricity used during extraction is quite possible.

In total contrast to traditional currencies, Bitcoin:

Has no authority centrale.Est about deflation due to an artificial shortage, while central banks can print more money at any moment.Chaque transaction has been recorded in a large public immovable book. requires payment transaction fees to minors, which is the same as paying taxes to the government, except that taxes can be avoided while it is impossible to make a transfer without paying a fee on blockchain.

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