These days we hear about the first Belgrade restaurant that allowed payment of Bitcoin, the currency of the currencies - which, in fact, is not quite the right currency. What is it, and how time wage (and how it is credited ?!), if the legal tender only in Serbia dinar (RSD label) and the only dinar?
For the consultant when writing text I chose Mr. Vojo Rodic, who is their responses helped to do so that this text, I hope, be understandable to the general public, as much as possible when it comes to some technical (and modernotehnološke) things.
What is Bitcoin (BTC) and how he "earned"?
Professional, and simply stated, the BTC is cryptographic "currency", which is not recognized by one country, behind which there is no institution and no individual. This is a program that is constantly running on the Internet, supported by thousands of computers that handle transactions which directs BTC between users. Also, this is the amount that is in your digital "wallet" (which hold the phone to the computer hard disk drive, or a USB drive, or from a "confidential" on the Internet).
BTC can be stolen (not easy, but it can), and once lost (due to, for example, hardware failure) disappears forever from the system.
"Mining" (eng. Mining) is a basic function of BTC, which is also the currency and payment method. Each transaction is subject to processing in any network when switched their computers to calculate complex problems with a common goal to ensure the security of transactions (as well as their anonymity and irreversibility). To receive the award the appropriate part of the "newly created" BTC (which, in economic terminology was "primary issue").
Due to frequent and drastic changes in the value of these currencies that go up to 10 percent a day, many people engage in standard stock market speculation - sell more expensive, buy cheaper. Of course, as in every currency stock exchanges, some of these transactions, receive, and some wrinkles.
Something more extensive article on this subject was conducted by a team Digizalizuj.me, so we recommend that you read this i.
Why is it so popular Bitcoin?
Everyone, of course, to see what suits him:
Deflationary currency - there is a clearly defined end (total) number of BTC's (21,000,000). This means that it can not be prompted by "authority" that went to print money arbitrarily, asking us to believe that more money has permanent odšatmpanog same value.
In connection with the foregoing, the absence of central authority to whom should we believe, or who have betrayed us many times (of the Weimar inflation, over inflation in the former Yugoslavia nineties, until perhaps worst of all, the LIBOR scandal). Everything is defined in the original algorithm, and no one can change the algorithm.
The anonymity of the transaction, so this is truly a digital equivalent of cash, with all the good and bad sides of it.
Security transactions, the relative transparency of the process, or the inability to use the same multiple BTC
Peer-to-peer technology - no single point (IT bank or card processor) that can be canceled at the same time doing tens of thousands of computers around the world.
How to charge for services and / or products in this currency? How to transport the book that is so complete?
In the end, what all the most interesting: given the fact that Bitcoin is not a "no man's currency" and that, therefore, it is not recognized by any of the monetary system, it is not our country, how to deal with BTC currency and still operate legally?
Simple: consumers publish fiscal accounts as if they were paid in cash, a difference that occurs in the counter make up of "BTC budget." You will earned bitcoins to sell when you want to, and so renew their "BTC budget," your customer will get a fiscal receipt, your accountant will have the money paid by the daily market and the "justification" where that money. Thus, the tax included and charged, inspections satisfied and you have won consumers another mode of payments.
As for the "give change", given the fact that one bitcoin at the time of this writing is worth 955 dollars, one thing is clear: the price is calculated according to the current exchange rate, and if something is worth 0,001 BTC so much and you will be charged.
To take your trading or catering facilities included this form of payment, you will need an application like the one in Belgrade Appetite Cafe & Restaurant developed by digital agency Creative Media Art.
