Sentences with phrase «gold as an alternative currency»

Not exact matches

Bitcoin has soared more than 1,600 percent this year as people rush to buy the digital currency in the hope it will become a legitimate alternative to gold or traditional money.

[Moammar Gadhafi] initiated a movement to refuse the dollar and the euro, and named on Arab and African nations to use a new currency as an alternative, the gold dinar.

For years, individuals and investors that were concerned with debt, deficits and a weak dollar turned to gold as the ultimate safe haven, but now bitcoin is starting to become the alternative currency.

Bitcoins are not issued by banks or governments — indeed the Bitcoin platform was designed to offer an alternative to national currencies like the dollar, and commodity - based currencies such as gold or silver coins.

It can also be exchanged for traditional currencies and can act as alternatives to national fiat money and commodities like gold.

Contrary to what we learned by observing the chatter between criminals during the past several weeks, Bitcoin remains the gold standard in the dark web, with all vendors accepting it as a payment, and Litecoin emerged as the second most popular currency, with 30 percent of all vendors who implemented alternative payment methods willing to accept it.

«Bitcoin remains the gold standard in the dark web, with all vendors accepting it as a payment, and Litecoin emerged as the second most popular currency, with 30 percent of all vendors who implemented alternative payment methods willing to accept it.

With PayPal proving that the web is a viable medium for transferring currency, similar services were created, such as WebMoney (a Russian PayPal alternative) and e-Gold, an American corporation that let users buy gold online — gold that it would then hold for them.

Moreover, if bitcoin becomes one of the reserve currencies of the global economy by targeting the $ 40 trillion offshore banking market, $ 8 trillion gold market, and the $ 50 trillion fiat currency market, governments will need to have a supply of bitcoin and alternative cryptocurrencies as the leading financial authorities.

«I do not see gold as an alternative to currency.

«Bitcoin remains the gold standard in the dark web, with all vendors accepting it as a payment, and Litecoin emerged as the second most popular currency, with 30 percent of all vendors who implemented alternative payment methods willing to accept it,» researchers Andrei Barysevich and Alexandr Solad wrote.

Furthermore, the rise in SegWit adoption is giving a clear signal that the bitcoin community wants to see bitcoin succeed, not only as a digital - gold like investment asset but as the world's leading alternative currency.

The whole principle behind bitcoin was to replicate the properties that made gold uniquely suited to be money and act as an alternative to fiat currencies.