Bitcoin - Yes Or No?
If all transactions were purely in Bitcoin, without any conversion to fiat at all, then the transaction fees for the business is zero. This is all possible without the need for a financial institution to act as an intermediary or recording agent. There is much speculation as to whether Satoshi is an actual person, or a collection of individuals using a pseudonym. Not all bots are designed the same and not all traders will use the same operating systems. Only the records of your transactions are stored in the blockchain and nothing else. The truth is governments get nervous when its residents start losing money or making lots of money without paying taxes. We commented that Bitcoin had transcended novelty status and that the revenue pool was becoming too big for global banks to ignore. It is one of the first exchanges, regulated by the Japanese authorities. It is a fiat-crypto exchange and follows the business model of Coinbase/GDAX and OKCoin/OKEX: one deals with fiat and the other one...