I have someone that has asked to be paid via Bitcoin. Does anyone have the pros and cons with experience? It appears you pay and then pay fees, but is not clear about buyer protection. Miner fees upon miner fees. Seems to over complicate a process?
Elite banking saw the threat and bought huge amounts and flooded the market back with cut prices ....devaluing them intentionally....
The same is true for fiat currencies and banks. Banks don’t make money, governments do. Bitcoin is no more a threat to a bank than Uzbekistani soms are to a bank.And bitcoin is a threat to their banking system, it's finite, its mostly out of their control. It's not like they can use it as a license to print money like they can do with mortgages and loans.
The same is true for fiat currencies and banks. Banks don’t make money, governments do. Bitcoin is no more a threat to a bank than Uzbekistani soms are to a bank.
The same is true for fiat currencies and banks. Banks don’t make money, governments do. Bitcoin is no more a threat to a bank than Uzbekistani soms are to a bank.
Re-read my post. Then re-read that wiki page. Banks do not create money. Governments create money. Banks follow government policies. Fractional reserve policies are not set by the banks.Of course banks create money.