[cleospofforthParticipant January 29, 2024 at 12:14 PM Post count: 0]

#133183 |

<br> Also, unlike traditional futures, Binance Futures do not have an expiry date, so their trading is very similar to trading pairs on the spot market. For example, with Bitcoin, the huge hack that recently stole 70 million consumers’ credit card information from the Target department store chain would not have been possible. Target is happy because it has the money in the form of Bitcoin, which it can immediately turn into dollars if it wants, and it paid no or very low payment processing fees; you are happy because there is no way for hackers to steal any of your personal information; and organized crime is unhappy. This has never existed in digital form before. This is the form of fraud that motivates so many criminals to put so much work into stealing personal customer information and credit card numbers. Every day, hundreds of millions of low-income people go to work in hard jobs in foreign countries to make money to send back to their families in their home countries – over $400 billion in total annually, according to the World Bank. We’ll come back to that. As a foreigner the kind of response you might get from the police is “hit or miss.” If you have been pick-pocketed or otherwise robbed without harm to your person, https://Coin-viewer.com a visit to the police station will almost certainly be an exercise in frustration. For example, the UK, Italy, Malaysia, Singapore, Japan, and Germany have restricted access to Binance. Even average users will need anytime access to their assets when traveling. Alternatively, if you are using Binance Jersey for your fiat currency needs, then you can access a 24/7 live chat facility. It’s not as much that the Bitcoin currency has some arbitrary value and then people are trading with it; it’s more that people can trade with Bitcoin (anywhere, everywhere, with no fraud and no or very low fees) and as a result it has value. Transaction propagation through the node network begins with the computer that first broadcasts the event to its peers, which then forward the event to their peers in an information cascade that usually reaches every node in the network within a few seconds. Bitcoin is the first Internetwide payment system where transactions either happen with no fees or very low fees (down to fractions of pennies).
The practical consequence of solving this problem is that Bitcoin gives us, for the first time, a way for one Internet user to transfer a unique piece of digital property to another Internet user, such that the transfer is guaranteed to be safe and secure, everyone knows that the transfer has taken place, and nobody can challenge the legitimacy of the transfer. And even here in the United States, a long-recognized problem is the extremely high fees that the “unbanked” – people without conventional bank accounts – pay for even basic financial services. Related, there are no chargebacks – this is the part that is literally like cash – if you have the money or the asset, you can pay with it; if you don’t, you can’t. Why would any merchant – online or in the real world – want to accept Bitcoin as payment, given the currently small number of consumers who want to pay with it<br>p>
Anyone in the world can buy into or sell out of the ledger any time they want – with no approval needed, and with no or very low fees. And all in a way where only the owner of an asset can send it, only the intended recipient can receive it, the asset can only exist in one place at a time, and everyone can validate transactions and ownership of all assets anytime they want. If you don’t want to mine bitcoin, it can be bought using a cryptocurrency exchange. Every day, more and more consumers and merchants are buying, using and selling Bitcoin, all around the world. Switching to Bitcoin, which charges no or very low fees, for these remittance payments will therefore raise the quality of life of migrant workers and their families significantly. Every day, banks and payment companies extract mind-boggling fees, up to 10 percent and sometimes even higher, to send this money. And at our venture capital firm, Andreessen Horowitz, we are seeing a rapidly increasing number of outstanding entrepreneurs – not a few with highly respected track records in the financial industry – building companies on top of B<br>in.