Bitcoin is the hot new cryptocurrency, but the virtual currency is also in the midst of a hot real-life drama.
On Monday, a video went viral showing a man wearing a fake mustache and a white shirt holding a gun while shooting at a police car in Los Angeles.
The police responded by shooting the man and killing him.
“Dinerobit” or “Dino,” as the coin is known, is gaining popularity among the cryptocurrency community, and the video went around like wildfire, drawing thousands of views on YouTube.
This week, Bitcoin developer Satoshi Nakamoto announced a new cryptocurrency called Dinero, which is supposed to mimic Bitcoin in some respects.
However, the virtual currencies creator claims that his cryptocurrency is not a copy of Bitcoin, but rather, is a cryptocurrency based on the concept of a decentralized currency.
Bitcoin is a digital commodity, and it’s the first digital currency to truly be a “fiat” currency, where it’s a form of gold and silver that’s backed by a finite supply of supply, according to Satoshi Nakamotos website.
But it’s been widely criticized for being a virtual currency because it’s not backed by any real physical metal.
For example, if you buy a $50 bill at a store, it’s actually $50.
If you hold Dinero for a week, you get a virtual coin, but if you hold it for months, it would become worthless.
“The coins are just like gold, but they’re not backed with physical metals,” says Bitcoin expert Mark Karpeles.
“There’s no gold or silver in the physical world.”
Bitcoin is currently trading at $11,600.
This is the price that Bitcoiners have been able to get for a year and a half.
Bitcoiners are getting rich for holding a virtual asset, but that doesn’t mean they’re the richest people in the world.
According to CoinMarketCap.com, bitcoin has an average price of $1,957.
In the US, the average price for a bitcoin is $2,078.
If the average bitcoin price stays the same at $1.957 per bitcoin, the current market cap of the cryptocurrency is about $6.3 billion.
“It’s not a virtual gold or a virtual silver.
It’s just like any other commodity,” says Karpelsons co-founder Adam Ludwin.
“Its like gold and like silver.
But this is not like gold or any other asset.”
The average price fluctuates depending on what you buy.
“For the last five years, the value of bitcoin has been rising at a rate of about 0.1 percent a day,” says Ludwin, adding that this has helped fuel the demand for Dinero.
“When we first launched it, there was no other cryptocurrency that offered this kind of functionality.”
What makes Dinero different from Bitcoin?
Bitcoin is actually a decentralized digital asset, where you can hold it and spend it.
Dinero has a decentralized, “blockchain,” where it doesn’t need to go through any central authority, and therefore no one can take it away from you.
So, unlike Bitcoin, where a single person controls the ledger of all transactions, in Dinero you can keep a record of every bitcoin transaction.
“What’s unique about Dinero is it has no central authority.
It can’t be hacked or stolen,” says Dara Shackelford, a digital currency expert.
“That’s really important for us to understand.
The block chain is very secure because it has all of the metadata about every bitcoin you’ve ever had, so it can’t just be copied.
This prevents a lot of frauds.”
What does it mean for businesses?
Shackelfords co-founders Adam Ludwins and Ryan Karpelson started Dinero to make it easier for people to get into digital currencies.
They have two co-working spaces in LA called Digital Currency Lab, and they also host monthly meetings on their website.
In one of those meetings, they are talking about how digital currencies can help businesses.
“We have an app that we’ve built called Coinlab.
It lets you buy bitcoins, and if you spend the bitcoin, you can use the bitcoins to pay bills, pay taxes, and even send money,” Shackellfords says.
“But you have to have the right type of hardware.
So our app has a lot more functionality that’s built into it than just just buying bitcoins.
You can also buy your own bitcoins, sell bitcoins, trade bitcoins, even buy and sell goods.”
Digital Currency Labs founder Ryan Kompelson also spoke at the Digital Currency Summit, where he outlined a plan to make Dinero more secure.
The platform has already been accepted into the Google Play store, so now it will be on the platform to begin accepting payment for Dineros products, Kompelson says.
Kompelman says that Dinero’s business model is