There’s currencies for that!

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Any developer in flight world can therefore verify exactly how Bitcoin works. She was in good company. Is it too late? One of the most important takeaways from past financial crisis is that when the stuff hits the fan, banks are nothing more than a policy tool for the government.

What is happening?

In short, Bitcoin is backed by mathematics. The ATMs let you exchange bitcoin for cash, or vice versa by scanning bitcoin QR code from the digital wallet application on your phone. Chalk arrows invest via Shutterstock The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.

And when the value of your bitcoin doubles in a week, as it did for me, it’s easy to think you’re a genius. Invest the old days, the two best candidates for flight to quality assets were gold and the Dollar. And it’s the latter scenario that we likely are witnessing currently..