With regard to Bitcoin, conversations like this sometimes still love to be heard between the A and B are just new to Bitcoin.
A: What is Bitcoin, anyway?
B: Digital currency
A: What is digital currency?
B: Currency in cyberspace
Does the answer from B answer the question A? It may be a bit reply but does not reflect the true nature of Bitcoin. Because understanding and potential Bitcoin more than just the currency circulating in cyberspace. From the answer given B, unfortunately A only get information that does not make it better understand the benefits of Bitcoin properly and clearly so that A probably throughout his life just know that Bitcoin is a type of digital currency circulating in cyberspace.
Unlike the case when A asks directly to a reliable source that makes it better understand what is Bitcoin and other digital currencies. For example, it comes directly to the Digital Exchange, such as Digital Exhange Bitcoin Indonesia (www.bitcoin.co.id), or to Bitstamp, Coindesk, and others, which is clearly credible and provides accurate information just like A wants.
Bitcoin is not just a digital currency. But more than that, Bitcoin is a save haven tradable asset, can be shipping when your family needs money (both inside and outside the country), can be spent on many merchants who accept payments with Bitcoin (like in Rakuten, Overstock, Microsoft , Dell, etc.), and does not recognize inflation because it is not owned by any government or financial institution. The peer to peer and decentralized Bitcoin technology allows users to make transactions without any third party. Blockchain is the backbone technology of the digital currency, often referred to as a decentralized decentralized ledger.
Potential Bitcoin does not just get there. In Japan, after making Bitcoin a legitimate currency in the country, as quoted by Bloomberg.com, Bitcoin is also now used as a base asset of bonds. Thus Japan has seriously treated Bitcoin like fiat currency in general. Fisco Ltd, is a research and investment company from Japan who made the breakthrough. The company issued bonds based on Bitcoin.
Fisco Ltd. Japan experimented with selling bonds in the form of Bitcoin because it predicted that digital currency would eventually become a legally recognized financial asset in Japan and help boost its business. For starters, the value of debt issued is worth 200 Bitcoin on August 10 last. One of the aims of the sale is to test the potential of such bonds as a useful fund-raising tool, according to Masayuki Tashiro.
It can be said that Japan is one step ahead in taking steps related to digital currency from other countries. The Prime Minister of Government, Shinzo Abe, on April 1 legalized cryptocurrenis as a form of legitimate payment and established rules surrounding the audit and its security. In July, regulators applying Bitcoin purchases were exempt from the 8 percent sales tax in the country, placing cryptocurrency at the same level as financial products such as stocks and bonds.
In Indonesia alone, Bitcoin and other digital currencies are considered a heavily trafficked commodity. Related to the progress of Bitcoin in Japan, what is the new hope that arises in Indonesia? Suasti Atmastuti Astaman, as Business Development Manager at Bitcoin Indonesia (www.bitcoin.co.id), expressed his opinion:
Japan has again stepped ahead of other countries. Even the latest news that I heard, the leader of Hirosaki City in Japan decided to accept the donation in the form of Bitcoin to preserve the 2,600 cherry trees there. Their courage to be open-minded and go straight to new technologies like Bitcoin and Blockchain is a good role model, and I hope Indonesia will follow suit too soon. Although very complex to learn, there are so many new things that can be developed from Bitcoin and Blockchain technology, and I think Indonesia can take some benefit from it like what Japan does. "
The nature of Bitcoin and its potential may not be as complete as in this article. If you want to know more about it, you can come to Digital Exchange, such as Bitcoin Indonesia (www.bitcoin.co.id) or searching via the internet and looking for a reliable source to deepen your knowledge about Bitcoin.