But analogies go only so far. You can hang a painting by a teenager on a wall and admire its grace, but you can't see a bitcoin. So if you buy bitcoin, what are you spending your money on, what is it that makes it valuable and worth some money? I recently wrote an article discussing the sources of intrinsic value for bitcoin: What's Bitcoin's Value.
In short, one can argue for at least 6 different reasons why bitcoin has value: Les analogies sont toutefois trompeuses. Vous pouvez accrocher au mur le tableau peint par un adolescent et admirer le talent, mais vous ne pouvez pas voir un bitcoin. J'en identifie au moins 6 : 1. Ideological quasi-religious symbol 1. Gateway to the "cryptoverse" all the other cryptocurrencies 2. Speculative, uncorrelated, volatile trading and hedging instrument. Digital collectible 5. Electronic cash its original intended purpose 6.
I published it on LinkedIn as well, where some of my connections noticed it. This year, I spent a few hours on the phone with a friend who wanted to know "Ok, if I want to buy Bitcoin, how do I actually go about it?
Where does one buy Bitcoin? Before we begin - Avant de commencer I think everyone should seize the opportunity of owning something signed by a young and obviously talented genius although Satoshi Nakamoto might not qualify as "artist", stricto sensu. Maybe this new "artist" won't achieve the same fame as Picasso, but if you can have something by him for as little as the price of a Lottery ticket say 10 euro , why pass by? Also, this article only looks at the matter from the perspective of someone living in a typical Eurozone country.
For the average person, the most accessible place to acquire Bitcoin remains Cet article aborde le sujet du point de vue de quelqu'un vivant dans un pays typique de la zone Euro. This has to do with there being no regulated institution yet that could store your Bitcoin with the guarantees a bank would normally offer. You are thus left with the choice of either safeguarding them yourself or leaving them in custody of an institution you trust such as the cryptocurrency exchange where you acquired them.
Easy, but which cryptocurrency exchange? There are dozens already, how to choose one? Not to mention that there are different types, most of which only accept payment in crypto exchanging one cryptocurrency against another, not buying cryptocurrency with real money! I do not claim to be exhaustive and I am certainly not giving recommendations. I'm only going to mention two I use myself, Kraken and Bitstamp.
The links are not "referral" links, I'm not in any way "incentivized", I'm not "referring you" to any of these. One element of vocabulary: in the weird world of blockchain and crypto-nerds, what normal people call "money" has a different name: it's called "Fiat currency" no relationship with the homonymous Italian automaker.
This is usual fare with all the institutions handling money PayPal, banks, etc. Once the verification successful a day at max but can be faster you can look in more details at how to credit your account with euro. Scroll down the page and you'll find all the information needed to do a normal bank transfer inside the Euro zone. You could use the web interface of your bank to request a transfer for instance.
Your bank will credit Kraken's account with Fidor and, thanks to the information you provide in the transfer form, Kraken will credit in turn your personal account with them. Is this risky? Of course it is, everything related to cryptocurrencies is about risk! Including not owning any Which risk is greater and you want to take - whether spending some money to get some, or refraining from doing so and perhaps regretting it later - is entirely your choice Before deciding, you might want to read What's Bitcoin's Value?
Kraken is not a bank and there's no strong guarantee they'll be around tomorrow. If they go bankrupt or disappear, your 50 or euros will probably be lost note they provide next to "Deposit" and "Withdraw" an "Audit" button on which you can click to see what measures they take in order to prevent these risks. Kraken n'est pas une banque et il n'y a pas de garantie forte qu'ils seront encore ici demain.
S'ils font faillite ou disparaissent, il est probable que vos 50 ou euros seront perdus. However, the best path is probably to look at this as an "online training in blockchain and cryptocurrency" and consider that the euro you use here are "paid" as with a coach or training provider rather than "invested" as with a bank or financial institution.
Withdrawal - Retrait When I started, I wanted to first test the end-to-end process. I went on the web interface of my bank and ordered a small money transfer. Once I saw my money credited to my Kraken account, I used the "Withdraw" button. As you can see, you can add a bank account I added mine.
An important thing to note is the withdrawal fee, which is very reasonable: 0. I ordered instantly the withdrawal of the whole sum and then waited. Two days later, the sum minus 9 cts was back in my bank account. Buying Bitcoin or other cryptocurrency - Acheter du Bitcoin ou une autre cryptomonnaie As soon as you got your euros in your Kraken account, you can use the "New Order"' button in the "Trade" tab to place a buy order.
As you can remark, the trading fees are very low compared to a typical stock exchange. Once your order has been fulfilled, your "XBT" balance will show how much Bitcoin you now own. Comme on peut le remarquer sur l'image, les frais de transaction sont assez faible en comparaison avec une bourse d'actions typique. I didn't get into the details of "trading" because the experience is very similar to trading stock on a stock exchange and I'm sure that whoever has read thus far can figure it out.
If you have questions though, feel free to ask in comments. Also, I didn't say a word about the last step which I dubbed "optional" - withdrawing your freshly acquired Bitcoin to your own private wallet. If you listen to the geeks in the "Cryptoverse", they all agree that you should never let your crypto on an exchange! I reckon that is overkill Yes, there have been busts and bankruptcies and frauds and hacks. A bit like the bank robberies and hold-ups in the early days of banking, remember?
Oui, il y a eu des faillites, des fraudes et des faillies informatiques. A screenshot of a "bank robbery" from a video game Yet today nobody would seriously consider keeping their money under the mattress in the Euro zone, at least. Withdrawing your Bitcoin to a properly secured personal wallet is, in my view, far too complicated and technical for the normal person to be worth the trouble.
I don't want to discourage anyone from doing it, but you can be sure that the cryptocurrency exchanges will do everything in their power to avoid their customers losing funds. I personally trust the exchanges to not lose my bitcoin more than I trust myself! If nevertheless I am extremely unlucky and it happens to me, I'd only lose a sum which I have already spent on a training.
However, Kraken's web servers proved to be severely under-powered during the subsequent bubble from August onward. Even today, the site which I still use from time to time feels slow and clunky, it is a rather mediocre experience. I therefore moved on to Bitstamp , a company which is regulated in Luxembourg where I live by the Luxembourg financial regulator, the CSSF and has a euro-banking relationship with a Slovenian bank its founders were Slovene.
Bitstamp has a lot less different cryptocurrencies on offer but otherwise it is quite similar to Kraken, only with a faster and nicer web interface. It's more than two years old by now mid and the technology has greatly advanced since, but the path of progress Don Tapscott points to remains the same.
Ponder carefully where this is headed. Pensez au cap que cette technologie tient. I've linked below some posts you may want to read to find out more. Happy holidays and a very happy New Year ! J'ai fourni ci-dessous des liens vers d'autres articles instructifs. Steem ecosystem The Steemit adventure  Help Yourself!
Steem Luxembourg Spammers gonna spam - focus on original content! Setting up a new Witness Node! Why would anyone burn a bear? Reply Happy Holidays, Nora. Wow, that is some serious analysis there, you are destined to be a teacher I'd venture :- I've updated the post and tried to address all your points as best I could!
Happy holidays to you too! For Bitcoin at least, I think the answer for a "normal" person is straightforward: "Hodl" - keep it there, it is your key and secret pass to the cryptoverse and you can use it later, whenever you choose, to enter the magical world of blockchain and crypto For many other cryptos, such as Ether, I don't know the answer for a normal person - Ether is basically for geeks.
I'm in Bucharest! That's the tax on my euro account Merci beaucoup! Posted using Partiko Android. Very good tutorial! What a great article dear sorin. Your detlev Posted using Partiko iOS. Thank you! Glad to get to know you too! Looking forward to collaborating in ! Thank you, I hope so indeed No problem thanks for sharing! Hi sorin. Evaluation of your UA score: You've built up a nice network.
The readers appreciate your great work! Good user engagement! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge s : Your post got the highest payout on one day Click here to view your Board If you no longer want to receive notifications, reply to this comment with the word STOP Do not miss the last post from steemitboard : Christmas Challenge - The party continues Christmas Challenge - Send a gift to to your friends Support SteemitBoard's project!
No problem, mate! Take care! Happy new year! Thank you, happy new year to you too! C'est important pour soutenir nos membres, les steemians et Witness francophones ICI! This post has received a Why would any normal person be in the Eurozone? Are you crazy or insane maybe? About Good quality post, but i prefer to buy bitcoin B2B. In short, one can argue for at least 6 different reasons why bitcoin has value:.
Les analogies sont toutefois trompeuses. Some elements in the community took to crime in the absence of any other opportunity. Now with government support, the tribal children have started getting educated, the youth have started mingling with other communities through sports and taking up jobs, in a step towards joining the mainstream. Kala Chand 79 , head of the Lodha community, said that in the s, he and a few youth of his village Sansasal in Ukhalgadia panchayat were involved in robbery.
They hid in nearby forests and distributed the looted money and valuables among themselves. After he and most of his friends quit thieving, they still could not get jobs. They went back to robbery. Today, Kalachand has evolved as a leader, helping others lead a better life. The Lodha children lacked hygiene and had no interest in sitting in a classroom and listen to the teacher.
They were more interested in playing outside, fishing and swimming in the village pond and also venturing into the nearby forest. The parents too were not keen to send them to school. When Sikshasandhan started their intervention at Tiansi Primary school in Barkand panchayat, 18 Lodha children were studying there.
Children at the residential education complex for Lodha tribal boys at Chikitamatia was no different. A female support staff was appointed to improve the health and hygiene and discipline of students in primary classes. They were not even taking bath and washing clothes. At present the residential school at Chikitamatia village is a completely different picture of what it was a year ago.
The students were clean, disciplined and displayed their creative and academic skills. Rinku Bhakta of Nedam village who has been in the education complex for a few years, finds this residential school better than his village school. Children of this education complex earn laurels at district level competitions. Presently the school strength stands at Ganga Nayak 18 is the first Lodha tribal girl who joined college this year after passing class 10 from her village.
She got first division and proved her merits at Sargiphul, a state level competition for tribal children. Following her footsteps, young girls of her village and neighboring villages show interest in education. She said that early marriage is highly prevalent in her community due to poverty and lack of education.
Since children in this district are interested in football, we encouraged them to form teams and play. After regular training by a coach, the youth formed 12 teams. To improve their self-esteem, courage and leadership quality, the organization facilitated a kukuda cup hen cup among youth, with the help of villagers. The winning team would get a hen as the prize and a feast would be organized. When people from our community cheer for us we feel proud.
The Lodha youth were addicted to country liquor. When alternate livelihoods with financial support were suggested, the Lodha youth readily agreed to set up businesses such as- grocery shop, goat rearing, rearing of country birds, shops to sell fish or meat or rice, etc.
Young women were also encouraged to participate in cultural activities. This increased their confidence and last year they performed at the Tribal Literary Festival at Kaptipada. Some of them cultivate sabai grass but lack access to markets.
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