What can bitcoin consume

1. bitcoin is a kind of digital currency. Bitcoin can only be regarded as an electronic commodity in China. Bitcoin has become a legal currency in Germany. Bitcoin can be regarded as a collection. Collectors regard bitcoin as priceless, while non collectors regard bitcoin as worthless characters.

2.

Bitcoin can be cashed and converted into the currency of most countries. Users can use bitcoin to buy some virtual items, such as clothes, hats and equipment in online games. As long as someone accepts it, they can also use bitcoin to buy real-life items

bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system

1. Bitcoin (bitcoin) is a kind of network virtual currency, which can buy real-life goods. It is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals

2. On January 7, 2014, Taobao announced that it would ban the sale of Internet virtual currencies such as bitcoin and lightcoin from January 14. On February 26, 2014, Democratic Senator Joe Manchin of West Virginia issued an open letter to a number of regulatory authorities of the federal government of the United States, hoping that relevant institutions would pay attention to the status quo of bitcoin encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency

3. On May 12, 2017, a global outbreak of bitcoin virus madly attacked public and commercial systems! Nearly 74 countries in the world have been seriously attacked

4. From August 1, 2017, global bitcoin trading platform will suspend recharge and withdrawal services. Bitcoin China digital asset trading platform will stop new user registration on September 14, and all trading businesses will be stopped on September 30

the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's ideas, open source software was designed and released, and P2P network was built on it. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system

Unlike most currencies, bitcoin does not rely on specific currency institutions to issue. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, And the use of cryptography design to ensure the security of all aspects of money circulation

the decentralized feature and algorithm of P2P can ensure that it is impossible to artificially control the value of bitcoin by mass manufacturing. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million

3. It's supposed to be late, isn't it
otherwise, it's a good thing. unshakable.

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5. In some foreign countries, such as Japan, the United States and Germany, bitcoin is recognized as legal tender
for these countries, if both sides of the transaction do not exclude bitcoin, they can settle goods through bitcoin; For both sides of the transaction, it not only realizes the redemption of goods with bitcoin, but also realizes the settlement of goods with bitcoin
at the same time, other services in proction and life can also be settled through bitcoin.

6. Do you mean that bitcoin can be used for consumer payment? Is that so

the central bank does not recognize the monetary attribute of bitcoin, and it regards bitcoin as an Internet commodity. Zhou Xiaochuan, central bank governor, said bitcoin would not be banned

many businesses accept bitcoin abroad, but relatively few businesses accept bitcoin in China. At present, there are some websites collecting bitcoin businesses in China, such as coin beard, pineapple market, bitcoin home, etc. However, bitcoin house is a platform for publishing purchase and proct information. You can find some merchants who accept bitcoin payment in these places

of course, the merchants who accept bitcoin most are mining machinery manufacturers, and most mining machinery sales seem to accept bitcoin payment. Among them, Avalon, who has always been the leader of bitcoin mining machinery instry, has been using bitcoin to price, and bitcoin is also the only currency to accept payment.