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Don't be suprised, if soon somebody will propose you to pay in virtual currency.
Bitcoin is already in Poland.
If somebody had invested in this virtual currency few months ago, today he might expect huge profits.
But be careful, economists are warning that it might end up by bursting of the big speculative bubble.
It's supposed to be the gold of the future, digital revolution that will forever change the perception of the money.
If there is a need to instantly send a payment to any place over the world
And this is where bitcoin steps in. Traditional banks do not work in some days of the week, for example.
Bitcoin is a first and most popular internet currency.
It has been designed in 2008 by mysterious Satoshi Nakamoto.
Digital currency can be traded on special web platforms that work like a stock exchange.
Speed of the issuance of this currency is controlled by an algorithm. More the transactions, more coins fluctuating (lol :)).
Coins are being generated by users of the network.
There is not really any influence of external institutions, like banks.
Bitcoins are not only virtual coins but also an special payment system, allowing users to exchange data between themselves.
Bitcoin is subjected to the very same laws as traditional currencies, like exchange rate, supply and demand
So, it's a normally functioning currency, but it's not regulated by any financial institutions.
Transaction made via the digital currency are fully anonymous.
They are happening instantly and they are not subject to fees.
Today, you can buy nearly everything for bitcoin, from cars to real estate.
Payment in digital currency is accepted by some hotels, universities and restaurants.
and even companies organizing private space flights.
Also in Poland, some businesses are offering payment in bitcoins.
clients in our cafe are already asking about it.
Month by month, not only popularity of the virtual currency is rising, but also its price.
Not so long ago, 1 coin was worth few ZL (PLN). Now, it's over 2000.
But according to economists, bitcoin is still far away from competing with traditional state currencies.
I, generally, do not look at bitcoin as a currency, because it does not have the most important property
that currency, which wants to emerge in the economy circulation must have. Credibility.
Also, it's exchange rate is very volatile and these not only questionable things about bitcoin
which, by offering annonymity, become attractive tool for the criminals.
Because of that, regulations for virtual currencies are only in works at US, Canada and Germany.
There will be customers who would like to pay in bitcoins, we already had queries,