Tuesday, December 17, 2013

Unpredictable course does not stop the bitcoin - Computer Sweden


Video: We visit bitcoinväxlarna BTCX.

Critical’S VIEW on crypto-currency bitcoin heard only vaguely on the sixth floor of the house in central Stockholm where BTCX has its premises.

class=”paragraphIntro”> BTCX is that name implies – it stands for bitcoin exchange – a currency exchange firm. And switching firms should of course be able to make money, whether price goes up or down.

class=”paragraphIntro”> One thing BTCX differs from traditional currency exchangers, as Forex, is that BTCX make their own money. A special computer in ten thousand “digs” bitcoin ate BTCX.

class=”paragraphIntro”> The CEO Christian Anderson assure that the investment in the tin can from Swedish KNC pays off.

class=”paragraphIntro”> So is it of course with bitcoin. The money comes from nowhere. They arise when computers bitcoinnätverket compete to solve mathematical problems.

class=”paragraphIntro”> Approximately ten people working on BTCX, which has existed for two years.
The management of a fully Internet-based currency bitcoin should be possible to automate, one might think, but no. BTCX must comply with FSA rules, which means customer due diligence. BTCX need to know who wants to change money. Take the leg, check the registry. In case of doubt: say no.

class=”paragraphIntro”> – It happens every day that we have to say no to customers, says Joakim Herlin-Ljunglöf, Marketing Manager at BTCX.

Bitcoin’s designed to allow for anonymous payments, so it may seem like a contradiction. But as long as the users only sends bitcoin to each other, they may be the secret they want.

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