What is Bitcoin? Bitcoin future and Bangladesh 2021
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| What is Bitcoin? Bitcoin future and Bangladesh 2021 |
What is Bitcoin:
We save money on ATM cards, that money cannot be caught. Only money is accounted for through electronic devices. However, the currency (money) of that ATM is approved by the Government of Bangladesh.
Illegal under Bangladeshi law:
I have a lot of resources! But, why should I give an account of so many assets to the government? I have to hide my list of assets from the government. This requires an account - an account in which I have billions of rupees, but no one will know that it is my account. Everything will be kept secret, out of the reach of the government.
Although Bitcoin was not created out of the above-mentioned thinking, Bitcoin is booming because of this kind of opportunity.
However, Bitcoin is an electronic currency system.
It is not a state-run currency system. If you open an account just like you open an account on Facebook, you will get your bitcoin account. In the beginning, your account balance will be zero.
Administratively the government or, the bank can take stock of your assets. But, even if you have crores of rupees worth of bitcoin in Bitcoin, no one has to give an account. Even, no one will know - this is your account.
Eliminate unemployment with bitcoin:
When Bitcoin is exchanged from a Bitcoin account, some computational problem has to be solved to confirm that exchange. However, Bitcoin has no government or institution. So, some people do this on their own with their computer. In return, they get a certain amount of bitcoin. This work is called bitcoin mining. Thus, many people are earning bitcoin by voluntarily mining bitcoin. Although many cybercriminals hack other people's computers to mine this bitcoin. Then he does mining with the hacked computer. Again, hackers also use bitcoin to solicit money as ransom after hacking, so that their identities are kept secret.
The future of Bitcoin:
There are many cryptocurrencies like Bitcoin. However, the use of Bitcoin is illegal in Bangladesh under the Foreign Exchange Act. But, even if you use Bitcoin since your identity cannot be found, can the laws of the country prevent the citizens of the country? Just a year ago, Jamuna TV showed them in a report - at that time about 2/3 lakh people in Bangladesh were involved in bitcoin. I even told you a long time ago that a cryptocurrency system like Bitcoin was introduced in the PayPal card.
All in all, the world today is leaning towards bitcoin, willingly or unwillingly, by the government. A woman came with OneCoin, deceived people, and ran away. Monero came to compete with Bitcoin as the owner of the Bitcoin account had the opportunity to identify him due to his negligence. Still, Bitcoin is moving at its own pace.
Purchasing product first:
** The first physical product with Bitcoin was bought by a gentleman named Laszlo Hanyecz from Florida. On May 21, 2010, he bought a pizza with 10,000 bitcoins. That pizza costs only 25$.
At present, 1 bitcoin is worth more than, 31,000. The gentleman's current pizza is worth about 310$ million.
Advantages:
1. The government has no control over the transaction.
2. No need to contact any bank later.
3. The identity is kept secret in the transaction.
4. Money can be laundered anywhere in a short time.
5. The latter can be sold at a higher price through savings.
Disadvantages:
1. It takes a lot of time to approve a minor transaction.
2. Sometimes it is used in illegal work.
3. If no service is received, its value is no longer refundable.
4. If a Bitcoin wallet is damaged, it cannot be returned.
5. Market prices are volatile.