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Are Bitcoin and Monero decentralized? Do the server providers take Bitcoin and Monero? A currency is only as good as the stuff that can be bought with it, whi
by vfclists 3y ago
Are Bitcoin and Monero decentralized?
Do the server providers take Bitcoin and Monero?
A currency is only as good as the stuff that can be bought with it, which is why most petroleum is sold in dollars, not in gold, bitcoin, or whatever.
Does your local shopkeeper take Bitcoin for goods?
Do you know how long it takes a Bitcoin transaction to be confirmed and completed?
- seabass-labrax 3y agoIt is possible to pay with Bitcoin for a wide variety of internet services like VPN/VPS and domain names, although rarely possible for the popular providers. Most local shops do not take Bitcoin, although there are some places where it's more recognised. Some specialist online-order retailers now take Bitcoin, such as Pimonori for hobby electronics materials. Bitcoin transactions are typically confirmed within a minute, compared to hours or days in traditional banking. However, Bitcoin does not have credit like traditional banks do, so can't provide 'instant' payments.