Accéder au contenu principal

WHAT'S BITCOIN?

Bitcoin is a form of digital currency, created and held electronically.No one controls it.Bitcoins aren't printed, like dollars or euros-they are produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.

It's the first example of a growing category of money known as cryptocurrency.




  • Why bother using it?
True to its origins as an open, decentralized currency, bitcoin is meant to be a quicker,cheaper and more reliable form of payment than money tied to individual countries.In addition, it's the only form of money users can theoretically ''mine themselves, if they (and their computers) have the ability.

But even for those who don't  discover using their own high-powered computers,anyone can buy and sell bitcoins, typically through online exchanges like Coinbase and LocalBitcoins.

A 2015 survey showed bitcoin users tend to be overwhelmingly white and male, but of varying incomes.The people with the most bitcoins are more likely to be using it for illegal purposes, the survey suggested.

Each bitcoin has a complicated ID, known as a hexadecimal code, that is many times more difficult to steal than someone's credit-card information.And since there is a finite number to be accounted for, there is less of a chance bitcoin or fractions of a bitcoin will go missing.

But while fraudulent credit-card purchases are reversible, bitcoin transactions are not.


  • So you can't churn out unlimited bitcoins 
That's right.The bitcoin protocol-the rules that make bitcoin work-say that only 21 million bitcoins can ever be created by miners.However, these coins can be divided into smaller parts (the smallest divisible amount is one hundred millionth of a bitcoin and is called 'Satoshi', after the founder of bitcoin).


  • The future of bitcoin
Historically, the currency has been extremely volatile.But go by its recent boom-and  a forecast by Snapchat's first investor, Jeremy liew, that it will hit 500.000 dollars by 2030- and nabbing even a fraction of a bitcoin starts to look a lot more enticing.

Bitcoins users predict 94% of all bitcoins will have been released by 2024.
As the total number creeps towards the 21 million mark, many suspect the profits miners once made creating new blocks will become so low they'll become negligible.But with more bitcoins in circulation, people also expect transaction fees to rise, possibly making up the difference.

-Frédéric Betta-Akwa

Libellés :

Commentaires

Enregistrer un commentaire

Posts les plus consultés de ce blog

THE MIDDLE CLASSES IN AFRICA.

The latest high growth rates recorded by the continent these15 years, gave birth to a new class called individual : the middle class. This would be typical of those earning between 2 and 20 dollars per day and is expected to increase from 355 million people (34% of the population) to 1.1 billion (42% of the population) by 2060 . However, much of the African middle class ( around 180 million people) flirt the poverty line. .Because , Who have not yet acquired the necessary financial stability , allowing him to get out of poverty permanently ( between 2 and 4 dollars per day gain).   This fringe of the African population would have a major role to play in the respective economies continent.Its consumer spending reached an estimated $ 680 billion in 2008. T o say , almost a quarter of the GDP of Africa.   By 2030, this figure is expected to reach 2.200 billion dollars , Africa would represent about 3% of world consump
Enregistrer un commentaire
Lire la suite

LES CLASSES MOYENNES EN AFRIQUE.

Les forts taux de croissance enregistrés  par le continent africain ces15 dernières années, ont donné naissance à une nouvelle catégorie d'individu dénommée: la classe moyenne.Celle-ci, serait caractérisée par des personnes gagnant entre 2 et 20 Dollars par jour et devrait passer de 355 millions de personne (34% de la population) à 1,1 milliard (42% de la population) d'ici à 2060. Cependant, une grande partie de la classe moyenne africaine (autour de 180.000.000 de personnes) fleurte  avec le seuil de pauvreté.Car, n'ayant pas encore acquis la stabilité financière nécessaire, lui permettant de sortir  définitivement de la pauvreté (entre 2 et 4 Dollars par jour de gain). Cette frange, de la population africaine aurait un rôle majeur  à jouer dans les économies respectives du continent.Ses dépenses de consommation ont atteint un montant estimé à 680 milliards de Dollars en 2008.C'est à dire, quasiment le quart du PIB de l'Afrique. D'ici 2030, ce chiff
Enregistrer un commentaire
Lire la suite

LES FREINS A LA BANCARISATION EN AFRIQUE.

L'adoption des services bancaires proposés par les institutions financières, n'est pas monnaie courante en Afrique, en témoignent les chiffres suivants:Moins de 10% des populations sur le continent,soit environ 10.000.000 de personnes sont bancarisées.Et selon les analystes, il s'agit du taux de bancarisation le plus bas au monde.C'est dans cette optique, que nous nous sommes penchés sur les causes de ce phénomène qui, constitue une véritable entrave au développement économique du continent. L'absence de volonté politique Les décideurs à travers le continent, semblent peu prompts à faciliter l'installation et l'accessibilité des banques au travers d'une législation et des dispositifs adéquats. La tradition Le poids des traditions est tel que, la confiance des populations à l'égard du système bancaire est proche du néant.L'habitude des fameuses "tontines",ces sortes d'ancêtres du microcrédit continuent d'êtr
Enregistrer un commentaire
Lire la suite