Sentences with phrase «bitcoin remains money»

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He says that figure has remained fairly constant for some time — suggesting there is a small hard core base of people who use bitcoin as everyday money, while the vast majority are using it to speculate and invest.

While cryptographically - secured digital money was a significant milestone in the evolution of pecuniary technologies, it remained «incomplete without a way to prevent double - spending,» as penned in the Bitcoin whitepaper.

While Bitcoin is unlikely to dislodge paper money, its greatest legacy would be the benefits of the underlying blockchain technology to the security of banks and the integrity of the financial system — which remain closely intertwined.

The reality is that except in a limited number of highly liquid corridors — corridors that are likely already well - served by incumbent money transfer services — Bitcoin remains a less - than - perfect solution for cross-border payments.

«Everyone is drinking the Kool - Aid» Paypal's former CEO, Bill Harris, remains as bearish as ever on Bitcoin, the gold - standard to digital currencies, telling CNBC «s «Fast Money:» Everyone is drinking the Kool - Aid.

The price of Bitcoin, which remain volatile, is fixed at the time of striking the deal and money is transferred digitally,

Yet even as more retailers are beginning to embrace digital money, the number of consumers using Bitcoin to make purchases has remained small.

«For example, at present concerns in reputation and money laundering remain in bitcoin trading,» the minutes read.

Singapore doesn't plan to regulate cryptocurrencies such as bitcoin, but will remain alert to money laundering and other potential risks stemming from their use, the head of the country's central bank said.

Many analysts, traders, investors, developers, and entrepreneurs remain certain that as bitcoin continues to evolve as the leading decentralized financial network, its market cap would surpass the $ 1 trillion mark and challenge existing financial systems such as fiat money, reserve currencies, and assets such as gold.

But some bankers remain skeptical, especially Credit Suisse CEO Tidjane Thiam, who expressed plenty of wariness about bitcoin at a news conference: «From what we can identify, the only reason today to buy or sell bitcoin is to make money, which is the very definition of speculation and the very definition of a bubble.»

Considering that Bitcoin remains as the only viable alternative to fiat currencies, the decline of government - issued money will continue to lead more investors and general consumers into the Bitcoin market.

of Bitcoin since it remains uncharted tax territory and increases the risk of money laundering.

He goes on to thank everybody in the community, whether in favor of or against the upgrade, and finishes by saying that «Bitcoin remains the greatest form of money mankind has ever seen, and we remain dedicated to protecting and fostering its growth worldwide.»

Whilst trading volumes in bitcoin futures at CBOE and CME remain fairly low, as both platforms still see it as an experiment, central bank officials warn of high risks of losing actual money by trading bitcoin due to the unpredictability of the digital currencies, and lack of clarity regarding mechanisms driving the market.

«Apparently, Bitcoin can survive and thrive without China, provided there are developments that keep the confidence and hype for the digital currency alive, and and provided that money remains cheap,» wrote Mourdoukoutas.

Within optimism remaining in legacy investment circles, however, there is a more profound sentiment that the opportunities presented by Bitcoin for traditional money are only just beginning to reach their potential audience.

«Apparently, Bitcoin can survive and thrive without China, provided there are developments that keep the confidence and hype for the digital currency alive, and and provided that money remains cheap,»

«A rep for BitInfoCharts, who wished to remain anonymous because of security concerns, told MONEY in an email that, given Bitcoin's current overall market capitalization and that most people hold Bitcoin at multiple addresses, there may actually be as many as 200 Bitcoin billionaires, and possibly no fewer than 35,» the report said.