What is Crypto currency? Crypto currency is electronic money encrypted by means of a certain algorithm, which makes it really reliable. As well as on paper banknotes which there is a serial number and watermarks on to prevent counterfeiting of the crypto currency, it has a code that is impossible to crack or repeat, so the investments in crypto currency are safe and very lucrative. Our club is a decentralized community whose purpose is to distribute profit from mining and trading at the market of crypto-currencies. Each member of the club is responsible for compliance with the rules of this community for long-term and mutually beneficial cooperation.
Bitcoin is just one example of something that uses a blockchain. Cryptocurrencies are just one example of decentralized technologies. And now that the Internet is big enough and diverse enough, I think we will see different flavors of decentralized technologies and blockchains. I think decentralized networks will be the next huge wave in technology. The blockchain allows our smart devices to speak to each other better and faster.
Bitcoin gives us, for the first time, a way for one Internet user to transfer a unique piece of digital property to another Internet user, such that the transfer is guaranteed to be safe and secure, everyone knows that the transfer has taken place, and nobody can challenge the legitimacy of the transfer. The consequences of this breakthrough are hard to overstate.
You can’t stop things like Bitcoin. It will be everywhere and the world will have to readjust. World governments will have to readjust
I do think Bitcoin is the first [encrypted money] that has the potential to do something like change the world.
Virgin Galactic is a bold entrepreneurial technology. It’s driving a revolution and Bitcoin is doing just the same when it comes to inventing a new currency.
We have elected to put our money and faith in a mathematical framework that is free of politics and human error.
I think the fact that within the bitcoin universe an algorithm replaces the functions of [the government] … is actually pretty cool. I am a big fan of Bitcoin
Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value
I’m a big believer in the ability of blockchain technology to effect fundamental change in the infrastructure of the financial service industry.
It has math. It has its computer science. It has its cryptography. It has its economics. It has its political and social philosophy. It was this community that I was immediately drawn into.
It’s hard not to be fascinated by something so transformative. This technology is being used in ways that have implications for central banking that span all the functions that we have.
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