Felix salmon reuters bitcoin exchange rates
Currently, it can take an hour for a bitcoin transaction to clear, which means that the value of the transaction when it clears can be radically different from its value at inception. Instead, they can pay each other in pretty much any currency in the world: Ripples, yes, or dollars, or yen, or euros, or even bitcoins. Everybody using a Ripple account will have some Ripples in their account, just to get them on the system, and there will felix salmon reuters bitcoin exchange rates be people making a market, converting Ripples to real currency and back again. The fees are de minimisjust enough to prevent DDoS attacks and the like.
Users are anonymous or, technically, pseudonymousfor instance: But at least — unlike bitcoin — it has a genuine hope of doing so. But then came the crash: This is a chart of the value of bitcoin yesterday, Wednesday.
Users are anonymous or, technically, pseudonymousfor instance: The good news, however, is that Ripples are not fingers crossed going to become speculative investment vehicles, in the way that bitcoins are. Bitcoin only works for payments if you can be reasonably sure that its value will remain reasonably steady for at least the next hour or so.
How the Penney dropped. Bitcoin is clearly not an effective store of wealth — just look at how quickly that wealth can be evaporated. Neither is it a useful payments mechanism, given how fast its value can fluctuate.
The good news, however, is that Ripples are not fingers crossed going to become speculative investment vehicles, in the way that bitcoins are. As a result, right now it felix salmon reuters bitcoin exchange rates a bit too much functionality with too little ease of use. I hope it works, and I hope that the number of gateways into the system will soon expand from the current list of relatively obscure sites like Bitstamp. But then came the crash: Everybody using a Ripple account will have some Ripples in their account, just to get them on the system, and there will always be people making a market, converting Ripples to real currency and back again.
Bitcoin only works for payments if you can be reasonably sure that its value will remain reasonably steady for at least the next hour or so. But the end result feels a bit like bitcoin in many ways. Currently, it can take an hour for a bitcoin transaction to clear, which means that the value of the transaction when it clears can be radically different from its value at inception.
But then came the crash: A surplus of cuts. Ripples, yes, or dollars, or yen, or euros, or even bitcoins. Users are anonymous or, technically, pseudonymousfor instance: