Posted On 25.09.1949
The chairman of Swiss banking giant, UBS, Axel Weber, has said that bitcoin is not an effective means of payment, since it is not universally accepted. He added that the cryptocurrency is not a good measure of value, since prices bitcoin accepted not written in bitcoins, and it is not an effective way to store value, since it is inherently unstable.
Weber said in an interview on Sunday that he did not consider the soaring cryptocurrency bitcoin as money and called for regulators to intervene. 17,000 last week, after trading in the digital currency began on the Chicago Board Options Exchange — the first time it has appeared on a traditional platform. But in an interview with the NZZ am Sonntag weekly, Weber warned investors against jumping on the bandwagon, saying the bubble would inevitably burst. Money is meant to fulfil three main functions and bitcoins fail at all of them, he said.
Original developer disappeared at launch and is still unknown to this date. NYC is a fair launch cryptocurrency with no pre-mine. NYC is a basic money transfer system. No frills, no whitepaper, just the basics that Bitcoin and Litecoin offer. NYC just does it faster and does it cheaper. Unconfirmed transactions worldwide in 1-2 seconds.
Confirms a block every 30 seconds since 2014. And there are no fees to send funds. NYC offers FREE, lightning-fast worldwide money transfer. And NYC is actually usable at the retail level. Nick Spanos, founder of the Bitcoin Center NYC. There are no fees to send or receive funds worldwide using the NYC network. LIGHTNING FAST NYC confirmations are 20X faster than Bitcoin and 5X faster than Litecoin.
NYC is ideal for time-sensitive daily consumer transactions. OPEN SOURCE CODE New York Coin code is completely open-source and published at Github code repository since launching March 6th, 2014. Fair launch, no pre-mine, true cryptocurrency with block explorer. Worldwide NYC offers its users a decentralized, anonymous and secure worldwide network easily accessible using a wide array of wallets on multiple operating systems. 20X faster than Bitcoin NYC is simply more usable than Bitcoin. NYC is much cheaper to use than Bitcoin or Litecoin.