Background
Cryptocurrency
is a secure digital medium of exchange which use principle of cryptography.
Bitcoin is the most well-known cryptocurrency. Bitcoin trading was began on
2009 and the number of Bitcoin user have increased significantly since then. Like
gold, Bitcoin is obtained buy so called mining process which is a process to
solve complex algorithm and miner will obtain Bitcoin if they can solve it. Bitcoin
is a decentralize money and open source. It means that it is not controlled by
an entity (e.g central bank) and many people can monitor it, so it immunes to
predation of banker and politician. The unique subject of Bitcoin phenomenon is
how it gains a value and how it becomes real currency. Bitcoin do not have
intrinsic value, same as paper money. Long time ago paper money value is tied
to the value of gold. However now their value come from a government backing
because important commodity are priced in them e.g oil only can be bought using
USD. How about Bitcoin?
