Why You Should Use Bitcoin for Online Payments December 18, 2015 By Daniel Dob Leave a Comment One online or electronic currency that has been gaining a lot of traction these past coque iphone 5s coque iphone 6 plus voiture manger couple of years is Bitcoin. If you haven’t heard iphone 6 coque design about it coque iphone 5 shaman already, you coque iphone 8 plus tommy hilfiger need to get out of your amazon coque iphone 4 adidas cave a bit more; it coque iphone 5 roxy is literally one of the most talked about subjects this year. iphone 11 case review Bitcoin gained a lot of popularity among users and merchants for a number of coque iphone 4s olympique lyonnais lacazette reasons. In this article, we licorne coque iphone 6 are going to take a look coque iphone 6 drapeau italie at some of the reasons why you should use Bitcoin for online payments. Yes, you read the title coque iphone x philipp plein correctly. A large part of the Bitcoin ecosystem is called mining. Mining is the process of acquiring Bitcoins by solving mathematical problems using your computer’s processing power. coque iphone 5s There are even iphone 6 coque psg machines that are designed specifically for Bitcoin mining. I do have to remind you that mining Bitcoin is not as easy as it may seem. However, the coque iphone 6 pas chers possibility is there; you can actually create your own money and add balance to your Bitcoin account through mining. No Middlemen coque iphone itech and Government Intervention This next reason is my personal favourite: Bitcoin is designed to be a currency that is free of any form of intervention. You are not dealing with banks or any middleman. You also don’t have to worry about government intervention. The entire ecosystem is self regulating. When you make a Bitcoin payment, your Bitcoin goes straight to the merchant or coque iphone éthique recipient. coque samsung j3 There is no company that stands in between and no payment processor handling coque iphone 6 a the transaction. This brings a number coque iphone 5c aston martin of other benefits to the table: Bitcoin transactions are generally very fast thanks to the lack of middlemen There are no fees coque moto iphone 6 plus and extra charges to worry about All transactions are final, so no chargebacks and refunds can only be done with the consent of both parties involved I’ve been using Bitcoin for a little over a year now. I did a quick calculation on how coque iphone 6s maryline monroe much I actually save on fees and charges. I was very surprised to know that I saved over $2,000 in transaction fees alone. Bitcoin is built on top of an encryption technology; Bitcoin is classified as a Cryptocurrency for this very reason. supreme iphone 11 case Every part of the ecosystem is as secured as the encryption technology behind it. When you have a Bitcoin wallet, for example, the only person that has access to coque jolie iphone 6 that wallet is you. Bitcoin’s strong encryption and safe ecosystem makes using Bitcoin as safe as it can be. coque iphone x There have been cases where users lost their Bitcoin to theft, but the main cause of these cases aren’t Bitcoin itself; they usually let other parties handle their Bitcoins instead of storing them in a private Bitcoin wallet. The same goes for transactions. You are not giving away any personal information at all; no credit card number, no social security number, not even your address or full name is needed to make payments. You only need to scan the Bitcoin QR code of the merchant or recipient, confirm the amount and the transaction will be completed in seconds. The biggest problem with conventional currencies is inflation. As governments print coque iphone poulet more cash and release them to the market, the value of money decreases; this is made even worse due to the fact that not all governments have the resources to back their currencies. Bitcoin is designed to have coque iphone 4s dragon ball z a maximum amount; the amount is set at 21 million when the ecosystem was designed. After 21 million, no more Bitcoin can be mined. This protects the Cryptocurrency from inflation altogether.