![]() The people with the most bitcoins are more likely to be using it for illegal purposes, the survey suggested.Įach bitcoin has a complicated ID, known as a hexadecimal code, that is many times more difficult to steal than someone's credit-card information. In addition, it's the only form of money users can theoretically "mine" themselves, if they (and their computers) have the ability.īut even for those who don't discover using their own high-powered computers, anyone can buy and sell bitcoins at the bitcoin price they want, typically through online exchanges like Coinbase or LocalBitcoins.Ī 2015 survey showed bitcoin users tend to be overwhelmingly white and male, but of varying incomes. True to its origins as an open, decentralized currency, bitcoin is meant to be a quicker, cheaper, and more reliable form of payment than money tied to individual countries. ![]() No one controls these blocks, because blockchains are decentralized across every computer that has a bitcoin wallet, which you only get if you buy bitcoins. ![]()
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