tangkasnetblog - Tumblr blog

[tangkasnetblog]

Is Cryptocurrency the Future of Money?

What will the future of money look like? Imagine walking into a restaurant and looking up at the digital menu board at your favorite combo meal. Only, instead of it being priced at $8.99, it's shown as.009 BTC.

Can crypto really be the future of money? The answer to that question hinges on the overall consensus on several key decisions ranging from ease of use to security and regulations investment strategy.

Let's examine both sides of the (digital) coin and compare and contrast traditional fiat money with cryptocurrency.

The first and most important component is trust. It's imperative that people trust the currency they're using. What gives the dollar its value? Is it gold? No, the dollar hasn't been backed by gold since the 1970s. Then what is it that gives the dollar (or any other fiat currency) value? Some countries' currency is considered more stable than others. Ultimately, it's people's trust that the issuing government of that money stands firmly behind it and essentially guarantees its "value."

How does trust work with Bitcoin since it's decentralized meaning their isn't a governing body that issues the coins? Bitcoin sits on the blockchain which is basically an online accounting ledger that allows the whole world to view each and every transaction. Each of these transactions is verified by miners (people operating computers on a peer to peer network) to prevent fraud and also ensure that there is no double spending. In exchange for their services of maintaining the integrity of the blockchain, the miners receive a payment for each transaction they verify. Since there are countless miners trying to make money each one checks each others work for errors. This proof of work process is why the blockchain has never been hacked. Essentially, this trust is what gives Bitcoin value.

Next let's look at trust's closest friend, security. How about if my bank is robbed or there is fraudulent activity on my credit card? My deposits with the bank are covered by FDIC insurance. Chances are my bank will also reverse any charges on my card that I never made. That doesn't mean that criminals won't be able to pull off stunts that are at the very least frustrating and time consuming. It's more or less the peace of mind that comes from knowing that I'll most likely be made whole from any wrongdoing against me.

In crypto, there's a lot of choices when it comes to where to store your money. It's imperative to know if transactions are insured for your protection. There are reputable exchanges such as Binance and Coinbase that have a proven track record of righting wrongs for their clients. Just like there are less than reputable banks all over the world, the same is true in crypto.

What happens if I throw a twenty dollar bill into a fire? The same is true for crypto. If I lose my sign in credentials to a certain digital wallet or exchange then I won't be able to have access to those coins. Again, I can't stress enough the importance of conducting business with a reputable company.

The next issue is scaling. Currently, this might be the biggest hurdle that's preventing people from conducting more transactions on the blockchain. When it comes to the speed of transactions, fiat money moves much quicker than crypto. Visa can handle about 40,000 transactions per second. Under normal circumstances, the blockchain can only handle around 10 per second. However, a new protocol is being enacted that will skyrocket this up to 60,000 transactions per second. Known as the Lightning Network, it could result in making crypto the future of money.

The conversation wouldn't be complete without talking about convenience. What do people typically like about the their traditional banking and spending methods? For those who prefer cash, it's obviously easy to use most of the time. If you're trying to book a hotel room or a rental car, then you need a credit card. Personally, I use my credit card everywhere I go because of the convenience, security and rewards. Did you know there are companies out there providing all of this in the crypto space as well? Monaco is now issuing Visa logo-ed cards that automatically convert your digital currency into the local currency for you.

If you've ever tried wiring money to someone you know that process can be very tedious and costly. Blockchain transactions allow for a user to send crypto to anyone in just minutes, regardless of where they live. It's also considerably cheaper and safer than sending a bank wire.

There are other modern methods for transferring money that exist in both worlds. Take, for example, applications such as Zelle, Venmo and Messenger Pay. These apps are used by millions of millennials everyday. Did you also know that they are starting to incorporate crypto as well?

The Square Cash app now includes Bitcoin and CEO Jack Dorsey said: "Bitcoin, for us, is not stopping at buying and selling. We do believe that this is a transformational technology for our industry, and we want to learn as quickly as possible." He added, "Bitcoin offers an opportunity to get more people access to the financial system".

While it's clear that fiat spending still dominates the way most of us move money, the fledgling crypto system is quickly gaining ground. The evidence is everywhere. Prior to 2017 it was difficult to find mainstream media coverage. Now nearly every major business news outlet covers Bitcoin. From Forbes to Fidelity, they're all weighing in with their opinions.

[tangkasnetblog]

Online Gambling Tips - How to Win More

Online gambling has been allowed in some states and different parts of the sector, and in reality, it has been one of the 'other' ways that you could make more money online. But, it's miles critical that in case you need to interact in on-line playing, you have to take note that this includes lots of dangers and you need to be organized financially and psychologically and examine a few on line gambling hints to help you have a laugh as nicely.  If you need more information about tangkasnet please visit this site.

Indeed, playing is full of dangers and uncertainties and also you ought to expect to face some those risks if you need to have a few fun and on the same time make cash in on-line gambling.

- Realize the policies. of path, your money is at stake in case you have interaction in playing and even if you are just in it for a laugh, dropping the whole thing right now may not be a laugh at all. Make sure additionally which you aren't putting all of your finances on the road and make certain that you enter a gambling web page prepared. education is important as nicely. Recognize the regulations of the sport and also realize the gaming website.

- Most effective allot an quantity that you can have enough money to lose. One golden rule in playing and in different ventures which might be too unstable is to allot most effective a sure quantity that you can manage to pay for to lose. With this, you'll never burn up all of your budget and you'll experience the game. Indeed, this is one of the on-line playing hints that you have to keep in thoughts always if you want your gambling revel in a amusing and interesting revel in and now not something that you will for all time regret.

- Practise is the key. if you plan to challenge into on line playing, always get yourself up to speed with the net gaming internet site. Additionally test their policies and the payouts and take a look at as nicely if the web page is secured and is valid. Additionally prepare your method in gambling. If you play with huge bets and you turn out to be dropping more than winning, your bankroll may additionally end up depleted sooner than you have got anticipated and it may not be as fun as you want it to be.

- Plan your playing speed and learn how to manage it. If you want to experience gambling, you have to manage your gambling velocity so you will make the maximum out of a while and your cash. As stated, gambling is full of dangers, so will never recognize if you may win or no longer inside the subsequent spherical of having a bet.

- Have fun. Online playing should be a laugh other than being making extra money that you can experience. every so often you is probably too engrossed of conceptualizing a approach to win every game which you become frustrated, and won't be fun in any respect. Even though you need to have your own gaming strategy, you ought to not additionally forget about to have some a laugh.

Preserve in mind too that playing is addictive, accordingly you can need to make sure which you have manage over yourself in terms of when to stop to keep away from extra losses. Examine a whole lot of on line gambling guidelines from specialists and you'll sooner or later master making money in on-line playing.