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Bitcoin is Store of Value and Divisible Currency (Here is Why) How Does Bitcoin Work? - YouTube Bitcoin Money: The definition of Bitcoin Money and Finance: Crash Course Economics #11 - YouTube Money Button - YouTube

Bitcoin does this by eliminating the possibility of fraud, increasing efficiencies, and providing objective proof-of-work to guarantee validity and security in any transaction (Nakamoto, 2008). Money is a liquid asset used in the settlement of transactions. It functions based on the general acceptance of its value within a governmental economy and internationally through foreign exchange. Take a quick interactive quiz on the concepts in Digital & Virtual Currencies: Definition, Types & Forms or print the worksheet to practice offline. These practice questions will help you master ... In this lesson plan, students read about bitcoin and its part in illegal trading on the internet. Activities cover key words, phrases, and understanding the text. There is also an exercise on adverbs. The lessons ends with a speaking activity for students to discuss the topic. The Four Basic Functions of Money. Now, let's take a look at how economists view the basic functions of money. Money serves four basic functions: it is a unit of account, it's a store of value, it ...

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Bitcoin is Store of Value and Divisible Currency (Here is Why)

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