This website uses cookies to ensure you have the best experience. Learn more

The Growing Popularity Of Digital Currencies

769 words - 4 pages

Digital currency is a kind of electronic money, which has booted in popularity
and grabbed the attention of many enterpreneurs. It is distinguished from
another electronic money,because it is a cryptocurrency. That means that no
one can track the transaction. The most wide-spread cryptocurrency is a
Bitcoin. Being a new product on the market, digital currency became a sharply
arguable topic. Indeed,it is difficult to decide if it is a successful venture or not.
Currently the product has more disadvantages,than advantages.
First of all, digital currency is not safe enought. According to bincoin official
website «Bitcoin on mobiles allows you to pay with a simple two step-andpay.
It means that a client do not need to create an account, sing up, and swipe his
card. It seems like an advantage,that a person can stay incognito and save its
time,but it becomes less safe. The official bitcoin website warns that cipher
transaction is not absolutely safe. Being untracked is not able to guarantee
safety.Users are not insured using cryptocurrency. Taditional electronic
money,which can be tracked , have more advantages in this case.
Another weak side,which makes digital currency incomplete,is that a bitcoin is
not controled by central bank. The payment is realized directly between users
without middlemen. It attracts many persons, including thiefs. Being unable to
control bitcoins, few countries have made cryptocurrency illegal .Also there is
a number of countries, which did not make it illegal,instead of it they have
created some specific laws about bitcoins. For instance:
«Meetings with policymakers in the UK in September suggested that bitcoinbased
businesses would not have to register with regulators, at least for the
time being, while they consider their regulatory position. The most recent
message from the UK suggests that bitcoins won’t be treated as money, but
will instead be classified as single-purpose vouchers, which could carry a
value-added tax (sales tax) liability on any bitcoins that are sold.
Germany is perhaps the most advanced country when it comes to regulating
bitcoin and virtual currencies. Although some issues remain unresolved, the
German government has exempted bitcoin transactions held for over one year from 25% capital gains tax. It also categorized bitcoin as a form of
private money.
Finland issued a regulatory guide to bitcoin in September, which imposed
capital gains tax on...

Find Another Essay On The Growing Popularity of Digital Currencies

Popularity of soccer in U.S. is growing up

908 words - 4 pages Popularity of soccer in U.S. is growing up T/FTrue, soccer is the fastest-growing sport in America and the most popular sport internationally. Seas of ink and tons of paper have been expended around the world for years commenting on the fact that, though soccer is unquestionably the most popular sport in the world, Americans have for decades resisted its charms and paid it almost no heed. This neglect has usually extended even to their own

The Popularity Of The Net Essay

719 words - 3 pages The Popularity of the Net Internet "" one of the most important subjects everyone is talking about these days. From computer-nerds to the people with a high dosage of computer-phobia, everyone is connecting to the ever-growing Information Superhighway. No one is willing to risk staying behind in the Information Revolution.What is the cause of the Internet's popularity? Millions are connected day and night to use the Internet's tremendous

The Popularity of Virtual Gaming

670 words - 3 pages Caption: Teams take to the stage at the MLG 2011 tournament Gaming is one of the largest growing communities today. With a total of over 79 million unique subscribers within the gaming category on YouTube, and huge annual gaming conventions held around the world, virtual gaming almost seems a sport. Gaming has become so popular that annual conventions are held worldwide. One of them being MLG (Major League Gaming) the largest

The Increasing Popularity of Yoga

5010 words - 20 pages The Increasing Popularity of Yoga With an increasing trend in western culture toward the use of alternative therapies, yoga is emerging as a primary means for achievement of both physiological and psychological wellness. Traditional yoga utilizes a combination of both physical and spiritual methods for faciliatation of self-improvement. The origin of yoga has not been clearly identified, however archeaological evidence suggests its

The Popularity of Soap Operas

5119 words - 20 pages The Popularity of Soap Operas Television researchers have established a number of reasons why soap operas appeal to such a large and diverse audience. In this essay I will be examining these reasons with reference to my own attraction to soaps, and seeing how they fit into the everyday lives of the millions who watch them. Furthermore, I will investigate the way in which the construction and conventions of a soap opera

The popularity of the Lost Cause

1011 words - 5 pages the Confederacy, United Confederate Veterans, and the Sons of Confederate Veterans. These groups actively campaigned for Lost Cause ideas seeking to gain political and social influence. They successfully did so by producing and manipulating literature, and influencing laws in southern states. Another factor that contributed to the Lost Cause myth’s popularity is white supremacy. The idea that whites were superior to the newly freed African

The Popularity of Social Networking Sites

783 words - 4 pages The Popularity of Social Networking Sites In recent years, social networking sites have rapidly gained popularity among people at all ages. A large number of people have registered and become members of some social networking sites, such as Facebook, Twitter, and Wechat. Also, people spend a lot of time on these sites chatting, playing games, and making friends. Social

Popularity of Gone With the Wind

969 words - 4 pages Popularity of Gone With the Wind Margaret Mitchell's romantic epic, Gone With the Wind, owes its remarkable popularity to the climate of sudden self-destruction and dreariness the Depression created. The Old South's grandeur, coupled with its Civil War-era decadence, provided much-needed escapism for readers, as well as paralleling the U.S.'s own plight in the 20s and 30s. In addition, Scarlett O'Hara's feminist role, her devotion to

The Popularity of Linus Operating System

2249 words - 9 pages Red Hat logo, and thus payment needs to be made before getting hold of it. In addition it contains own desktop windows containing a windows 95 appearance and that contains operating system hood which comprises of a complete library of source codes (, 2014). • Red Hat Linux 4.0 contains pleasant popularity away from the corporate environment. It gives an excellent software combination such as X windows accelerator, a ready multiprocessor

The Emergence and Popularity of Reality TV

2280 words - 9 pages 1. Introduction The emergence and soon popularity of reality TV in some degree demonstrates the huge market of selling “real experience” through exposing “realities” of privacy, relationship between players, etc. (Deery 2004 in TV program area.). However, reality TV may not be intrinsically “real” though almost all involved players are unprofessional actors and programs are usually highly inscribed. Players are actually selected carefully (e.g

International Investment and the Risks Posed by Fluctuations in the Value of Currencies

1363 words - 5 pages benefits from a distribution of international stocks in their portfolio. It is recommended that 25% of an investor’s stock portfolio is composed of international investments. (Gibley, 2012) There is also the benefit of having exposure to different currencies other than the US dollar. Currencies tend to move in different directions when the US dollar is declining. Having international investments can positively affect an investor’s portfolio when

Similar Essays

The Growing Popularity Of Role Playing Games

2157 words - 9 pages The Growing Popularity of Role-playing Games Role-playing games are becoming increasingly popular in this age due the assistance of the Internet. In these types of game a person can assume a character and give this character a personality, physical features and “live” through them. All though in past years “pen and paper” types have dominated the rpg world, now MUDs are making it possible to role-play along with thousands of others A

Growing Popularity Of Ebikes Essay

689 words - 3 pages you choose to keep the bike off on some occasions. In addition, you can also produce your own electricity for the ebike's battery. Many ebikes come with the ability to recharge through the use of pedaling. As long as you're pedaling faster than the ebike's own produced speed, you can recharge the battery under your own power. Community Alongside the growing popularity of ebikes has been a growing community of ebike riders who regularly ride

Currencies Of The Islamic Era Essay

861 words - 4 pages If we still to this day deal with regular paper currencies or with silver and cooper currencies .... Wither we deal with the Kuwaiti Dinar, or Egyptian pound, or the Saudi riyal, or the Moroccan dirham, or the Syrian lira, and other Arabic currencies. Do you know my little Arabic friend how did the commercial transaction were conducted, like buying and selling at the time of our ancestors? The way it was before Islam or at the time the prophet

The Popularity Of Advertising Essay

2183 words - 9 pages The Popularity of Advertising Advertising is increasing so quickly that it has become unavoidable. Where-ever you go, you can find advertising. For example, it can be found on Trains, Buses, Buildings, Newspapers, Television and even on the side of Football pitches. Advertising also uses a lot of methods, such as Celebrity endorsement, Exotic places, Humour, Catchy slogans and Sex. Advertising has to be strictly