I have been reading lots of posts and thread searches on bitcoin buying them or selling the. While I tried to answer most of them its hard to keep up with all new posts. This is why I figured to write a bit about it and bring to your attention of how they work of what they are.
First and for most I am a promoter and a bitcoin enthusiast the reason being simple, bitcoin will always be mine as opposed to the fact that my bank accounts can be sealed anytime by the government. Now to what is bitcoin? Its an opensource, peer to peer, decentralized crypto asset/digital asset/currency/commodity. Shew thats a long list and now let me try and explain why I listed it like that. See most people consider bitcoin as just a virtual currency which is not true. Bitcoin and its underlining technology known as the blockchain(or a public ledger in terms of common accounting) is being used for alot more then just having an impact as currency. Bitcoin is being used for settlement, block records keeping IDs like our very own CNIC are now being recorded on blockchain using bitcoin. Different countries have different views on the legality of bitcoin. You can simply google it and you will get details.
Bitcoin right now in Pakistan stands as unregulated and not falling under any law. At heart bitcoin is just a software that is based on SHA256 mathematical formula hence the term crypto and not virtual as each btc is verifiable by mathematics. People constantly confuse bitcoin with a virtual currency or think blockchain.info or bitcoin.com are the owners of bitcoin. That is the biggest misconception. Most people think that bitcoin might be hard to understand or use, to them I say I have more uneducated users using bitcoin then educated ones. We have been in operation for over 1 year and been the source of over 900 btc which is easily verifiable. As you know bitcoin is open source you can simply download the bitcoin core wallet and sync to the network and verify this wallet on your personal wallet if you dont believe in blockchain. I wanted to bring this information to you so anyone who wants to use or utilize bitcoin knows what he is getting into. Bitcoin does not have to be exchanged for just cash you can earn bitcoin by mining, faucets or getting paid in by working on sites such as xbtfreelancer.com. You might be wondering well where can I use bitcoin in a country like Pakistan. Trust me people are now realizing its potential and there is need for bitcoin. We try to get acceptance increased and we do need your help. If you own a business we would love to teach you how to accept it and how easy it is. You can contact us anytime and we will do our level best.
And these are just the ones listed in Pakistan. There are 100000s of other websites world wide that accept btc. I personally used it on fiver.com namescheap.com vultr.com, heck I even used it to book hotels through expedia.com. Its only a matter of time you will not need to tie bitcoin to usd as its value far exceeds any currency. Its is a medium of exchange governed by the laws of supply and demand of any country. The quicker we as a country realize its potential the better changes we have to be leaders in the field rather then just followers.
First and for most I am a promoter and a bitcoin enthusiast the reason being simple, bitcoin will always be mine as opposed to the fact that my bank accounts can be sealed anytime by the government. Now to what is bitcoin? Its an opensource, peer to peer, decentralized crypto asset/digital asset/currency/commodity. Shew thats a long list and now let me try and explain why I listed it like that. See most people consider bitcoin as just a virtual currency which is not true. Bitcoin and its underlining technology known as the blockchain(or a public ledger in terms of common accounting) is being used for alot more then just having an impact as currency. Bitcoin is being used for settlement, block records keeping IDs like our very own CNIC are now being recorded on blockchain using bitcoin. Different countries have different views on the legality of bitcoin. You can simply google it and you will get details.
Bitcoin right now in Pakistan stands as unregulated and not falling under any law. At heart bitcoin is just a software that is based on SHA256 mathematical formula hence the term crypto and not virtual as each btc is verifiable by mathematics. People constantly confuse bitcoin with a virtual currency or think blockchain.info or bitcoin.com are the owners of bitcoin. That is the biggest misconception. Most people think that bitcoin might be hard to understand or use, to them I say I have more uneducated users using bitcoin then educated ones. We have been in operation for over 1 year and been the source of over 900 btc which is easily verifiable. As you know bitcoin is open source you can simply download the bitcoin core wallet and sync to the network and verify this wallet on your personal wallet if you dont believe in blockchain. I wanted to bring this information to you so anyone who wants to use or utilize bitcoin knows what he is getting into. Bitcoin does not have to be exchanged for just cash you can earn bitcoin by mining, faucets or getting paid in by working on sites such as xbtfreelancer.com. You might be wondering well where can I use bitcoin in a country like Pakistan. Trust me people are now realizing its potential and there is need for bitcoin. We try to get acceptance increased and we do need your help. If you own a business we would love to teach you how to accept it and how easy it is. You can contact us anytime and we will do our level best.
And these are just the ones listed in Pakistan. There are 100000s of other websites world wide that accept btc. I personally used it on fiver.com namescheap.com vultr.com, heck I even used it to book hotels through expedia.com. Its only a matter of time you will not need to tie bitcoin to usd as its value far exceeds any currency. Its is a medium of exchange governed by the laws of supply and demand of any country. The quicker we as a country realize its potential the better changes we have to be leaders in the field rather then just followers.
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