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GREENVILLE, NC (WNCT) – Bitcoin is currently the most popular form of cryptocurrency. Now it is starting to become more accessible in North Carolina, but one wonders if it’s more of a risk than a reward.
Bitcoin is a digital currency founded in 2008. There are 21 million bitcoins in the world, which means that it is a fixed, limited form of currency that should keep its value stable.
People keep track of transactions through an online ledger called a blockchain. He is anonymous. Only the transaction history can be viewed through the online register.
Proponents point out that it’s decentralized, which means there are no third parties involved, like banks or governments. They call it the future of money. Some experts warn that the currency is too volatile for the average person to examine.
You are able to move Bitcoin from any phone, from any computer to any other in the world. So people use it as a medium of exchange for payments and remittances.
Neil Bergquist, Co-Founder / CEO CoinMe
It’s hard to imagine that if you go to a car dealership and want to pay the deposit in ten thousand dollars, in Bitcoin, the moment you walk in the door it’s worth 20 percent more or 10 percent of less.
Haiyong Liu, Chairman of the Economics Department, University of East Carolina
You can mine Bitcoin by solving complex algorithms, or by buying it now in certain Harris Teeter and Food Lion locations through the Coinstar and MoneyGram kiosks.
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