Slipping value of Bitcoin

Following changes in IRS regulation, Bitcoin has seen its value start to decline. When it was previously categorised as currency, it is now to be treated as property.


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How do Bitcoins work?

The Bitcoin is a new type of currency that was started in 2009 by an unknown individual using the apellation of Satoshi Nakakmoto. The way Bitcoins operate means that there is are middle men in the transaction, that is, banks are not involved. For buyers, this means no transaction fees and enhanced privacy as real…