How it works and how to get the Bitcoin
What is Bitcoin? How does it work and how do I get bitcoin? -The old name Bitcoin sounds and people enthusiastically deal or invest in one of this cryptocurrency.
Any benefits are so tempting because of the increased evaluation from time to time so extraordinary.
In Indonesia, itself is already a lot of users base, and some companies stand to be the platform of a specific purchase/sale/transaction Bitcoin.
Bitcoin
Bitcoin is often considered a new investment instrument, such a potential for maximizing profits.
Up to this point, you may have been interested to learn more about what Bitcoin is like Bitcoin, and may be interested also in regards to Bitcoin with LonWorks.
What is Bitcoin? How is Bitcoin?
Bitcoin-Virtual currency-cryptocurrency
Bitcoin-This is a new currency or electronic money in the last year 2009, created by someone with the nickname Satoshi Nakamoto.
Bitcoin, which is primarily used in Internet operations without intermediary banking services, does not use aliases.
Same as LonWorks, Bitcoin is a P2P system. Only the system works without any administrator or separate repository in which the United States Treasury calls Bitcoin because the currency is decentralized.
Unlike other currencies in general, Bitcoin does not depend on one major publisher. Bitcoin by using a distributed database and distributing it to the P2P network nodes in the transaction log.
It also uses cryptography to provide a variety of basic security features, such as ensuring that Bitcoin can only be used by people who have had it, and can never be done more than once.
As a result, Bitcoin can be used in various types of transactions, such as buying an Internet server, buying fancy products and much more.
Many people who only trade in Bitcoin as one of the lucrative investment activities and many have become filthy rich. This is influenced by the price of Bitcoin, which reaches hundreds of millions of dollars in 2017.
In contrast to the usual money deposited in a bank account, Bitcoin is mainly stored in personal computers with a purse format file, or stored in a purse, which is provided by third parties. Does not require ownership aka identity can belong anonymous.
The dilemma of security and anonymity of its users' Bitcoin
Bitcoin security
Because ownership can actually be safe, Sangkin, anonymous Bitcoin is even often used as money laundering techniques and a whole host of other criminal acts. Bitcoin can be transmitted over the Internet to anyone who has a Bitcoin wallet address.
Bitcoin-P2P topology and the lack of one administration makes it very difficult to manipulate in some way its specific entity, Siber Security Authority or any government so that the price of Bitcoin hard under the influence of inflation because It is hard to produce bitcoins huge.
With Bitcoin transactions by the user, also between the countries became very private and easy, because bitcoin itself is not tied to the state, the law or any regulation.
Note that each Bitcoin transaction is recorded in public records, but the names involved are never logged and are always anonymous.
On the one hand, because it allows for any need for dark transactions, it is very difficult for the authorities to trace all those involved in various criminal acts, such as the financing of terrorism, the acquisition of arms, drugs and so Because of the extraordinary level of anonymity.
How to get Bitcoin?
How to get Bitcoin-mine bitcoin
The electronic cash type of Bitcoin can be stored in a digital wallet, which is located in the cloud server or on the personal computer of the owner.
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A wallet is more like a virtual bank account that allows users to send and receive, invest or Bitcoin transactions.
Save in the form of a transaction, and then how do I get Bitcoin? The most popular thing that people often do is "mine " Bitcoin.
People even compete with mine Bitcoin using their computer by completing a math puzzle is very complicated. Thus, the process of creating Bitcoin.
Currently, the winners who successfully complete the math puzzle awarded 12.5 Bitcoin (or the equivalent of RP 1 400 000 000) every 10 minutes. Unbelievable, isn't it?
Because a lot of websites out there such as torrent providers/website download software free movie in general or even slip the virus in the form of JavaScript and is automatically installed on the visitor's computer.
The virus then it will "mine " The visitor computer in Bitcoin, cause the computer to slow down and start to lighten the heat.
In addition to "Mine " and transactions between users, how to get other Bitcoin is now very well known through trade.
Many companies are becoming a market platform specifically in the field of trade Bitcoin. Bitcoin now comes to follow the prevailing exchange rate. Only 1 Bitcoin can valuasinya equivalent RP 115 000 000 more. Crazy!
What then is the connection with LonWorks Bitcoin?
Maximize the benefits of P2P lending Investments Koinworks
In the early stages of the emergence of LonWorks in the middle of the public as a pioneer of P2P lending in Indonesia, many associates it with the wrong Bitcoin because of the fragment of the word "coin " in LonWorks.
As a result, many who believe that LonWorks is the place to invest Bitcoin.
In fact, LonWorks itself is a P2P lending company that unites borrowers by the financier in an online platform that can be accessed at any time, anywhere.
If so, can transactions that occur on LonWorks use Bitcoin?
Bitcoin transactions
Short answer, no!
The full answer, the monetary authority forbids. The limitations of the Bank of Indonesia (BI) is intended for implementers of financial services based on technology (financial technology, and LonWorks one) including e-commerce does not accept Bitcoin.
Virtual currency processing is also prohibited. According to the head of the Department of Communications of the Bank of Indonesia, Asgusman Raynal, "In the context of the payment system, instead of the means of payment that Bitcoin is legal ".
He added that in fact already provided in the rules of the Bank of the transaction processing Indonesia payment of 2016. Source
The legality of the use of Bitcoin and another cryptocurrency in Indonesia
What is Bitcoin as Bitcoin and how to get Bitcoin
The legitimacy of Bitcoin in Indonesia
On January 23, 2018, as quoted by the Tribune, the government announced a ban on the use of virtual currencies hard (cryptocurrency), including Bitcoin as payment and transactional tools in Indonesia.
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