Bitcoin calculator euros
Posted On 26.10.1956
Monero is a secure, untraceable and resilient digital currency. We believe it is the successor to Bitcoin. Cryptocurrencies allow fast, bitcoin calculator euros payments to and from anywhere in the world.
There are no wire transfer or check clearing fees, no multi-day holding periods, and no risk of fraudulent chargebacks. At the time of writing, Denmark, Japan, Sweden and Switzerland have implemented negative interest rates, which means that if you hold their currencies in a bank account instead of as cash, the bank can charge you interest instead of paying you interest! While cryptocurrencies are making rapid progress in becoming more useful and convenient, there is a war on cash and deposits which are making traditional currencies increasingly less useful. Similar to metals such as copper or silver, cryptocurrencies do not pay a dividend. Copper has value because people are expected to need it on an ongoing basis for industrial purposes. It is true that if everyone stopped using any particular cryptocurrency, it would lose its value. This is similar in nature to social networks such as Facebook: Facebook would lose all value if everyone suddenly stopped using it and switched to a competitor.
However, owners of Facebook stock can sleep at night secure in the knowledge that the inconveniences of switching to a competitor are high enough that this can only happen gradually. Some would argue that all cryptocurrencies are worthless because infinite clones of Monero or Bitcoin could be created. But the point is that the network effect of users adopting the original Monero and not the clone is what gives Monero coins scarcity compared to the coins of a clone. Once a currency gets started, it starts to develop a degree of stability based on past expectations of its purchasing power. This is a concept familiar to economists and is known as the Regression theory of money. For further reading about how the regression theory applies to cryptocurrencies, see this Mises Institute article. We believe that Monero is a superior product, which has come along at the right time in history when massive new adoption of cryptocurrencies is about to occur.
Why might Monero see greater future adoption than Bitcoin? The most critical flaw in Bitcoin is its lack of privacy. If you give me your Bitcoin wallet address so that I can send you a payment, you immediately compromise your privacy. The same situation applies even if you are the one sending Bitcoin. You are travelling through parts of a country with a medium to high violent crime rate.