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Review on BitMart by HERNA Herna
Bitcoin has several advantages over conventional currencies, among others…
Bitcoin has several advantages over conventional currencies, among others
Without limits, it can be sent anywhere and anywhere in the world at any time.
The transfer fee is relatively small even 0.
Minimal risk, relatively safer and do not use personal information that is important or confidential.
Neutral and transparent, you can even see and verify real-time supply and availability of the Bitcoin block chain. As said before, there is no single institution that can manage or manipulate Bitcoin.
What are the disadvantages of Bitcoin?
Besides its advantages, Bitcoin also has several weaknesses. For example:
There are still many people who have not accepted Bitcoin as a legitimate payment instrument.
Total circulation and companies / organizations that accept Bitcoin are still relatively small
The Bitcoin application is still in beta phase so there are many features that are under development and cannot be used yet.
Pros
- Bitcoin is one of the cryptocurrency which is basically a digital currency. This currency form and storage is digital. The inventor of Bitcoin for the first time was a / group (not yet known-red) programmer who used the name Satoshi Nakamoto. Bitcoin can be used to purchase various services such as games until hosting websites. For now, the number of services that accept Bitcoin is still quite limited. Then why do people value Bitcoin? Because most of them are used for investment and getting rich.
Cons
- By RIA AULIA MEDIANA Bitcoin has a peer to peer system that contradicts the financial system by eliminating third parties in transactions. Countries in the world have different positions on Bitcoin, there are countries that accept, reject or not both so that a deeper understanding of the factors that determine the country's position on Bitcoin is needed. This study aims to find out the influence of the development of Bitcoin, the performance of fiat money and the management systems of countries in the world in determining its position on the legality of Bitcoin. The theories and concepts used in this study are the international financial system and the state management system; with a quantitative approach and multinomial logistic regression analysis supported by secondary data. The results of the analysis in this study reveal that out of nine factors affect the position of the state of Bitcoin; it's just that the significance is different. The factors that have a significant effect in determining the position of the country over Bitcoin are political factors and economic factors which are not significantly influential. So that it can be said that state revenues from Bitcoin tend to be due to political reasons compared to the economy, even though Bitcoin itself is in the economic aspect. If Bitcoin acceptance is legalized, then countries in the world still have to accompany the role of government because Bitcoin is considered not to have clear rules and has the potential to harm others.
