Coindelitelatest bitcoin news and press release
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Three years ago, then something Ali Kazerani bought some Bitcoin, an online currency neither backed by gold nor declared legal tender by any government. Or it can be bought at Bitcoin ATMs.
It's at such an ATM that Kazerani, who was then a master of business administration student at Dalhousie University, became convinced enough of the future of Bitcoin to plunk down Canadian cash in to buy some of that online currency, commonly called cryptocurrency.
Think of it as a Bitcoin dollar. As investors started speculating on Bitcoin throughout the world, the going rate for it climbed to dizzying heights. It has dropped further but the rollercoaster ride of the Bitcoin makes it hard to state a value. But there are also others, equally as informed and serious, who counter the Bitcoin craze is a bubble that could burst at any time, leaving those who invested in the high-tech currency with massive losses for their trouble.
In late November , the accounting and auditing firm of PricewaterhouseCoopers Hong Kong seemed to accept Bitcoin as currency when it began to take it as payment for its services.
The Canadian operations of the accounting and auditing firm, which are completely separate from those in Hong Kong, are not accepting bitcoin as payment. A victim of its own popularity, Bitcoin has clogged up the systems that are used to exchange it from one person to another, making these slower on average than just paying with cash or even a credit card.
It has high transaction fees and it can take at least 10 minutes for Bitcoin from party A to reach party B. That criminal activity, though, also helped create a demand for Bitcoin. Cyptocurrency advocates, though, counter that Bitcoin, like other cryptocurrencies, leaves an electronic trail that, theoretically, could be tracked back to any criminals, unlike cash which disappears into the economy.
Still, the reputation lingers. That international aspect, though, may also be one of the great values, argues Kazerani. Lower Truro dog recovering after eight-hour spinal surgery: Glenwood Drive closed after truck strikes utility lines. Study examines relationship between seniors and their dogs. No apology from Nova Scotia premier to teen cleared in privacy-breach case. Golden eagle rescued offshore gaining strength daily at Hilden rehab centre.
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