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“You can’t stop things like Bitcoin. It will be everywhere and the world will have to adjust. World governments will have to adjust” says John McAfee, Founder: McAfee Inc.
Social media hotspots
Online meet ups – forums on the internet – are the places where people first started to hear about Bitcoin, the first and best known of the cryptocurrencies.
In 2009, a person (or persons) by the name of Satoshi Nakamoto, the so-called mysterious creator of Bitcoin, used these forums to spread the word about Bitcoin.
The forums were social media hotspots and they became the breeding ground for the first cryptocurrency. People traded for the first time.
New ideas were implemented. Technological innovations were explored.
Today, Bitcoin is a global phenomenon.
It is ‘mined’ on computer networks using complex algorithms.
The record of transactions is kept in a combination of electronic ledgers called a blockchain.
Price of Bitcoin
At the time of writing the price of bitcoin hit yet another all-time high, passing above $8,200 but it is still debatable whether Bitcoin and other cryptocurrencies have any real value. Just perceived value? Or some intrinsic value?
Economists think that sometime, some day cryptocurrencies will attain their full value – and, that value is and will be simply zero. Despite the meteoric rise of Bitcoin, analysts continue to give out warnings; warning people that this cryptocurrency bubble is not going to last.
Crypto-Gold Coin in contrast to the hundreds and hundreds of cryptocurrencies out there in the market place has adopted all the features and benefits of cryptocurrency and combined it with the age old store of value – gold.
Crypto-Gold Coin, as explained in We Have The Gold, is 100% asset backed by gold giving it solidity and intrinsic value. Every Crypto-Gold Coin represents actual physical gold and can be exchanged for the equivalent metal.
Having all the benefits of a cryptocurrency combined with gold means you get a coin that can never be worth less than the value of gold.