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The History of Bitcoin

Chances are, you’ve been hearing all about the Bitcoin. This radical, all-digital, peer-to-peer currency could potentially revolutionize monetary markets. So…

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What is Bitcoin

If you have been following financial news lately, you’ve probably heard of the term “BitCoin.” But what exactly is a…

Buying & Selling Buy Bitcoin with Paypal
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Why is it Difficult to Buy Bitcoins with Paypal

What’s important to understand about Bitcoin, is that it’s like cash. If you lose it – tough luck. Paypal, on the other hand, is just like any other credit card company that deals with fraud and customer complaints. This means, that theoretically, someone can buy BTC (Bitcoins) with Paypal, get the goods and complains of never receiving them.

2013 bitcoin obituary
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“Why Bitcoin Is Doomed to Fail” – Chron | $141.32

The very reasons why Bitcoin has taken off today will be major reasons why its value is likely to collapse tomorrow. . . . [dramatic price instability] will cause the ultimate failure of the Bitcoin experiment. . . . Bitcoin will fail because a small number of hoarders control most of the supply.

2013 bitcoin obituary
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“The Rise and Fall of Bitcoin” – Wired | $2.37

Beyond the most hardcore users, skepticism has only increased. Nobel Prize-winning economist Paul Krugman wrote that the currency’s tendency to fluctuate has encouraged hoarding. Stefan Brands, a former ecash consultant and digital currency pioneer, calls bitcoin “clever” and is loath to bash it but believes it’s fundamentally structured like “a pyramid scheme” that rewards early adopters.

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