Bitcoin and the Blockchain will facilitate Banks


SUBMITTED BY: mianyrbra8

DATE: April 23, 2016, 4:14 p.m.

FORMAT: Text only

SIZE: 748 Bytes

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  1. Bank2Bitcoin and therefore the blockchain behind it will considerably lower the value of economic transactions. Think about the following attributes of Bitcoin: decentralization, transparency, neutrality, security, fungibility (bitcoin units are capable of mutual substitution), a point of obscurity, no charge-backs, low transaction prices, and no taxes (no VAT is charged within the European Union). Moreover, Bitcoin is an anti-inflationary currency, because the most variety of bitcoins which will ever be created is twenty one million, an quantity that's organize to be reached within the year 2140. And, many significantly, the value of a bitcoin is decided solely by the law of provide and demand, not by a government or the other authority.

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