DOWNLOAD MP4 0.2

What is Bitcoin? See the Complete Explanation Regarding Bitcoin! - The name bitcoin has been around for a long time and people are enthusiastically transacting or growing on one of these types of cryptocurrency.

The profits are so tantalizing because the increase in valuation from time to time is extraordinary.

In Indonesia itself, there are many basic users, and several companies that stand specifically to become bitcoin trading (transaction) platforms.

Bitcoin is often seen as a new investment instrument with great potential for maximizing profits.

At this stage, you may already be interested in getting to know more about what bitcoin is, how bitcoin works.

Come on, see the full explanation below!

1. Definition and How Bitcoin Works

Bitcoin is a new currency or electronic money created in 2009 by someone who uses the pseudonym Satoshi Nakamoto.

Bitcoin is mainly used in transactions on the internet without using intermediaries, aka not using bank services.

Just like KoinP2P from KoinWorks, bitcoin uses a peer to peer (P2P) system.

It's just that, the system works without a single storage or administrator where the United States Department of the Treasury calls bitcoin a decentralized currency.

Unlike other currencies in general, bitcoin does not depend on one major issuer.

Bitcoin uses a distributed database and spreads across the nodes of a P2P network to transaction journals.

It also uses cryptography to provide basic security functions, such as ensuring that bitcoin can only be used by the person who owns it, and never more than once.

As a result, bitcoin can be used in various types of transactions, such as buying internet servers, buying fashion products and so on.

There are also many people who only trade bitcoin as a profitable investment activity, and many have become rich because of it.

This was influenced by the price of bitcoin which reached hundreds of millions of rupiah in 2017.

Unlike the money that is usually stored in bank accounts, bitcoins are basically stored on personal computers in the file wallet format, or stored in wallets provided by third parties.

Ownership does not require identity, alias can be owned by an anonymous.

2. The Dilemma of Bitcoin Security and User Anonymity

Because its ownership can be in the name of anonymity, bitcoin is often used as a method of money laundering and various other criminal acts.

Bitcoin can also be transferred via the internet to anyone who has a bitcoin wallet address.

Bitcoin's P2P topology and absence of a single administration make it very difficult to be manipulated by either a specific entity, be it a cybersecurity authority or any government.

So that the price of bitcoin is difficult to be affected by inflation because of the difficulty of producing very large amounts of bitcoin.

With bitcoin too, transactions between countries are very easy and private because bitcoin itself is not bound by any country, law or regulation.

Please note that every bitcoin transaction is recorded in public records but the names involved are never recorded and are always anonymous.

On the one hand, because it allows illicit transactions to take place, it is very difficult for the authorities to trace who is involved in various criminal acts.

Such criminal acts, for example, such as financing terrorism, buying weapons, narcotics, etc., because of the extraordinary level of anonymity.

3. How to Get Bitcoin?

Electronic money such as bitcoin can be stored in a digital wallet on a cloud server or on the owner's personal computer.

The wallet in question is more like a virtual bank account that allows users to send and receive bitcoins, invest or transact.

Besides in the form of transactions, then how do you get bitcoins?

The most popular thing that people do is “mine” bitcoin.

People even compete with each other to mine bitcoin using their computers by solving very complex math puzzles.

That's how bitcoin was created.

Currently, the winner who successfully completes the math puzzle is awarded 12.5 bitcoins (or the equivalent of Rp. 1.4 billion) every 10 minutes.

Isn't that amazing?

Because it is so tempting, many websites out there such as websites that provide torrent / free software or movie downloads in general even insert viruses in the form of javascript and are automatically installed on visitors' computers.

Then the virus will "mine" bitcoins on the visitor's computer, causing the computer to slow down and start to overheat easily.

Apart from 'mining' and transactions between users, another way to get bitcoin which is now very popular is through trading.

Many companies have become marketplace platforms specifically engaged in bitcoin trading.

Bitcoin is now traded according to the prevailing exchange rate.

Only 1 bitcoin, the valuation can be equivalent to Rp. 115 million more. Crazy!

4. Then what is the connection between Bitcoin and KoinWorks?

In the early stages of the emergence of KoinWorks in the midst of the public as a P2P Lending pioneer in Indonesia, many people mistakenly associate it with bitcoin because of a sliver of the word 'Koin' on KoinWorks.

As a result, many think that KoinWorks is the place to invest in bitcoin.

In fact, KoinWorks itself was originally a company that provided a P2P Lending platform that brought together borrowers and lenders on an online platform that could be accessed anytime and anywhere.

However, starting at the end of 2019, KoinWorks has transformed into a Super Financial App, which provides not only funding products, but also digital gold investment and business loans.

Its products range from KoinP2P and KoinRobo as funding products.

4. If so, can transactions that occur at KoinWorks use Bitcoin?

The short answer is, no.

The full answer, the monetary authorities forbid.

The prohibition by Bank Indonesia (BI) is aimed at technology-based financial service actors (KoinWorks for one), including e-commerce, so as not to accept bitcoin.

Virtual currency processing is also prohibited.



Download Boruto Episode 197 Subtitle Indonesia MP4

Kualitas Video MP4


OFFICIAL : SIKUPAI.COM


According to the Head of the Communication Department of Bank Indonesia, Agusman Zainal, "In the context of the payment system, bitcoin is not a legal means of payment."

He added that this had actually been regulated in the Bank Indonesia Regulation concerning the Implementation of Payment Transaction Processing in 2016.

5. Legality of Use of Bitcoin and Other Cryptocurrencies in Indonesia

On January 23, 2018, as quoted by TribunNews, the government announced a strict ban on the use of virtual currency (cryptocurrency) including bitcoin as a means of transaction and payment in Indonesia.