What is a Bitcoin?
How is the value of a Bitcoin determined?
Is there a "central bank" that issues Bitcoins?
Is there a "central bank" that controls the supply of Bitcoins?
Can you keep Bitcoins in a bank for safekeeping?
How does the Bitcoin compare to the US Dollar in terms of how it is valued, exchanged, and saved?
Has the Bitcoin held its value?
Subject
Business Finance
Question
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1. Bitcoin can be considered like cash for the Internet. It is based on the concept of digital money and is a new payment system. It does not have any central authority or middlemen and it is a decentralized peer-to-peer payment network. The users of the system control this network together. It is...
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