How many of You know about Bitoins
@yugasini (12892)
Secunderabad, India
August 21, 2015 4:49pm CST
Hi Mylot friends,
Bitcoin is a payment system invented by Satoshi Nakamoto, he published his invention in 2008. And released it as an open source system in the year of 2009. It is a decentralized virtual currency, one can transact with Bitcoin without any intermediate source, and it is called as digital currency It is the largest of its kind in terms total market value. Small amounts of Bitcoin used as alternative unites are milibitcoin(mBTC), microbitcoin (uBTC) and satoshi. Satoshi is used a homage to the creator of Bitcoin, 1. Unit of Bitcoin= 100,000,000.
1 person likes this
2 responses
@ARIES1973 (11944)
• Legaspi, Philippines
21 Aug 15
There are several sites using bitcoins as a form of payment. I currently have an investment site which is into mining activity but then they suffered great loss because the site was hacked. I admit, I wasn't able to recover my investment but I still use bitcoins with other sites. I love collecting satoshis from faucets. I can either use these amount to buy mobile loads and/or invest with other sites. I enjoy having this currency around.
1 person likes this
@yugasini (12892)
• Secunderabad, India
24 Aug 15
Thanks for the response, how many satoshis you are having at present. I do have more than 700,000 satoshis. Now I am in USA for vacation after going to India once again I will adding satoshis to my account.
@ARIES1973 (11944)
• Legaspi, Philippines
26 Aug 15
@yugasini I have an equivalent to few dollars. I also invested some to other investment sites and I also have game sites that pays in satoshis.
@ko31024 (492)
• Ulaanbaatar, Mongolia
21 Aug 15
i know about bitcoin but i really don't know about mining bitcoins.
@yugasini (12892)
• Secunderabad, India
24 Aug 15
Thanks for the response, I too does not know about mining. I even could not create my bitcoin wallet till now. But i am having xapo site for Bitcoins. Mining is costly affair it is not affordable to me due to my economical position
