wholesale jewelry making supplies chicago What is Bitcoin?

wholesale body jewelry nyc Bitcoin (Bitcoin: Bitkin) is the earliest online virtual currency that can buy items in real life. It is characterized by decentralization, anonymous, can only be used in the digital world, does not belong to any country and financial institutions, and is not limited by regions. Essence In 2013, the US government acknowledged the legitimate status of Bitcoin, making Bitcoin prices rise sharply. In China, on November 19, 2013, a Bitcoin was equivalent to 6,989 yuan.
First of all, according to its design principle, the total amount of Bitcoin will continue to grow until the day of the day after more than 100 years. But the growth rate of Bitcoin currency will grow very slowly. In fact, 87.5%of Bitcoin will be "dug" in the first 12 years. Therefore, from the perspective of total currency, Bitcoin will not reach a fixed amount, and its total currency will essentially expand, although the speed is getting slower and slower. Therefore, it seems that Bitcoin seems to be inflation currency.
The judgment is at a tightening or expansion, and does not decrease or increase according to the total amount of currency. Instead, it depends on whether the overall price level has fallen or rising. The overall price rises is inflation, and the instead is currency tightening. In the long run, the issuance mechanism of Bitcoin determines that its total currency growth rate will be much lower than the growth rate of social wealth.
In more about what Bitcoin is, enter:/ask/? ZD View more content