Future Insurance Currency, Bitcion Price Today, Btc To Usd Technology News

insurance that doesn t check credit,auto insurance quotes suspended license,home insurance las cruces,cheap and easy auto insurance,frank and associates insurance,nj auto insurance,business car insurance quotes,get car insurance,best auto insurance quotes comparison,vela insurance careers,auto insurance hawaii,gem state insurance,aaa insurance portland maine,car insurance quotes syracuse ny,is jetty insurance good,antietam insurance hagerstown,shumway insurance utah,cusseta insurance,average geico motorcycle insurance cost,small business health insurance credit,auto insurance tyler,automobile insurance,get car insurance with checking account,lowest auto insurance nj,car insurance quotes portland oregon,car insurance now,american business coalition health insurance,car insurance now pay later,auto insurance montana,complete auto insurance,free automobile insurance quotes,geico car insurance ct,ace usa insurance company,geico insurance business to business,ways to get cheap car insurance,business motor insurance,washington state car insurance requirements,what is full coverage in auto insurance,car insurance 80210,cheap car insurance for young female drivers,compare auto insurance quotes nj,hartford business insurance reviews,auto insurance rules,i need car insurance right now,auto insurance for non us residents,wainwright insurance,pearl auto insurance,renters insurance schaumburg il,united automobile insurance company miami gardens fl 33169,car insurance cash settlement option,car insurance longview wa,cross insurance careers,bethel insurance,college highway insurance,g and g insurance,get auto insurance with suspended license,affordable auto insurance gordon highway,assigned risk auto insurance,get homeowners insurance quotes online,wells fargo platinum card rental car insurance,geico car insurance adding new driver,shop car insurance texas,auto insurance score factors,auto insurance companies in ohio,motorists insurance careers,pennsylvania auto insurance minimum requirements,cheap auto insurance on line,property damage auto insurance,ace group insurance,iowa bankers insurance,aarp medical insurance quote,small business health insurance kentucky,what happens when you cancel a whole life insurance policy,speeding insurance increase,auto insurance south dakota,buying a new car insurance grace period,auto insurance without license in texas,start car insurance with checking account,workers comp insurance for small business,aag car insurance,buy insurance online with checking account,direct auto insurance springfield tn,rehab insurance,bhi insurance,caught without insurance,best non standard auto insurance,geico auto insurance colorado,lawn care business insurance quotes,online business liability insurance,is first republic bank fdic insured,car insurance lander wy,decker insurance morenci mi,least expensive auto insurance,need car insurance,online quotes for cheap car insurance,durand insurance,what car insurance coverage do i need,insuring uber's app on gap,car insurance quotes memphis tn,nautilus insurance careers,car insurance for people with bad driving records,insurance buy back,munson insurance arkansas city ks,how to find car insurance quotes,shop small business health insurance,find car insurance quotes,auto insurance toledo ohio oh,chase ink preferred travel insurance,north dakota car insurance,usaa homeowners insurance payment mailing address,attune insurance careers,auto owners insurance richmond va,boston auto insurance quotes,wiba insurance,geico auto insurance knoxville tn,commerce auto insurance quote,commercial truck insurance providers,geico car insurance office,car insurance quotes tucson az,auto insurance miami gardens,auto insurance requirements in massachusetts,cse insurance careers,zenith insurance careers,car insurancecar insurance,pa auto insurance,principal insurance careers,auto insurance florida,buy vehicle insurance online,alabama auto insurance,bmw auto insurance,cheap car insurance quotes dallas tx,going to the er without insurance,geico car insurance id number,texas vehicle insurance,car insurance quotes with low deposits,car insurance ri,what companies pay for health insurance,auto insurance in kansas city,best home insurance leads,what insurance coverage do i need for a financed car,bare minimum car insurance california,best rates insurance westbrook ct,geico car insurance usa,insurance office of america careers,cheap auto insurance ct,ironshore insurance careers,anton insurance valparaiso,which insurance companies,country auto insurance quote,life insurance rates for 30 year old,affordable car insurance maryland,buy health insurance for small business,bradley insurance cleveland tennessee,car insurance cost in massachusetts,cheap auto insurance in utah,florida group health insurance plans,car insurance quotes sc,can you borrow against accidental life insurance,best car insurance companies in ny,car insurance anti theft device,how is geico car insurance,cost of cyber liability insurance,alligator auto insurance,auto insurance pahrump nv,lmc insurance,car insurance quotes for suspended license,aspen insurance careers,home insurance duluth mn,blackmer insurance,most affordable car insurance in michigan,friendswood tx insurance,next insurance careers,team focus insurance group careers,texas department of insurance careers,auto insurance discounters noland road,cost of crna malpractice insurance,usaa life insurance change of beneficiary form,cheapest auto and home insurance in texas,does full coverage insurance cover towing,draxler insurance,full coverage auto insurance colorado,ace american insurance workers comp,can i get car insurance online,company private health insurance,scott insurance greensboro,csaa auto insurance,personal liability insurance for business owners,sunz insurance careers,virginia homeowners insurance companies,auto insurance quotes louisiana,car insurance redmond,buy insurance direct,compare vehicle insurance,hotwire car insurance,insurance companies in searcy ar,car insurance companies who accept foreign ncb,rps insurance careers,iori insurance,missouri auto insurance,auto insurance on line,how to exchange insurance information after an accident,nc auto insurance,car insurance albert lea mn,good price for car insurance,how long can an insurance agent's license be suspended,purchase general liability insurance,auto insurance vancouver,insurance for own business,affordable car insurance hawaii,aarp auto insurance ratings,auto insurance grace period,parker douglas insurance,small business health insurance program,window washing business insurance,country insurance colorado,how to get insurance money from an accident,which car insurance comparison site is best,clp insurance,free car insurance quotes,rogers insurance tullahoma,small business insurance coverage,usaa life insurance beneficiary designation form,best insurance galveston texas,cheap auto insurance nashville tn,lawyers for car insurance claims,texas insurance agency houston tx,coventry insurance buy back,american family insurance la salle co,quick issue life insurance,cheap auto insurance maine,summerville auto insurance,alcohol rehab covered by insurance,auto insurance quotes albuquerque nm,cigna medicare supplemental insurance plans,free auto insurance quotes online comparison,renters insurance evansville,instant auto insurance coverage,cigna insurance alcohol rehab,geico car insurance rates by state,should my tenants have renters insurance,get insurance with suspended drivers license,robotic process automation insurance claims,cheap car insurance for girls,roadway auto insurance washington dc,health insurance reimbursement to employees,jeep car insurance,look auto insurance waterford mi,car insurance quotes online alabama,should i buy insurance before buying a car,car insurance front royal va,geico auto insurance app,car insurance fort mill sc,the cheapest auto insurance in ny,alabama georgia auto insurance,coventry vision insurance,employer paid health insurance,auto insurance rates,quick auto insurance quote no personal information,car insurance columbia mo,bubany insurance,full coverage vehicle insurance,auto insurance medford,car insurance hempstead ny,car insurance quotes philadelphia,ors insurance,castleberry insurance,do i have to have motorcycle insurance in florida,insurance coverage for rehab,wickersham insurance,insurance quotes newfoundland,auto insurance albany ny,insurance companies car insurance,snow plowing insurance,renaissance medical insurance,progressive insurance dash cam,affordable car insurance utah,geico car insurance naic number,cheap auto insurance companies in tampa florida,uct insurance columbus ohio,free online auto insurance quotes,disability insurance elimination period,multiple car insurance one driver,plant city auto insurance,expensive auto insurance,car insurance online,health insurance plans for business owners,al boenker insurance quote,montana car insurance,avirex insurance,auto insurance pay by check online,auto insurance 18 year old female,auto insurance quotes louisville ky,auto insurance ashland va,insurance q,electrical contractor insurance cost,usa insurance ocean springs,get insurance quotes,auto insurance memphis tn,how to sell more life insurance,watson insurance gastonia nc,austin car insurance rates,gym liability insurance rates,affordable car insurance washington state,lowest term life insurance,geico auto insurance amarillo tx,compare business insurance quotes online,insley insurance,california casualty auto insurance phone number,mc insurance,state insurance agency jacksonville beach florida,affordable car insurance with dui,bkc insurance cheboygan mi,auto insurance durham nc,auto insurance quotes phoenix az,pcc insurance,dewberry insurance eupora ms,get lower car insurance,h03 insurance,national auto insurance warsaw indiana,broker dealer errors and omissions insurance,car insurance idaho,get a free car insurance quote,renters insurance personal liability coverage,does home insurance cover termite damage,nevada auto insurance minimums,6 month premium car insurance,condo vs homeowners insurance,domo insurance,lawn care business insurance,get a quote for my car insurance,auto insurance quotes california,best way to get car insurance quotes reddit,auto insurance longmont,truss insurance,auto insurance for rebuilt titles,my miles car insurance,online homeowners insurance quote massachusetts,texas auto insurance,group medical insurance for small business, insurance company,american family mutual auto insurance,best auto insurance rates in oregon,cheap auto insurance ma,massachusetts automobile insurance,scott johnson insurance,small business llc health insurance,murphy auto insurance,goode insurance grandview,home insurance merritt island,hsbc auto insurance,multi vehicle insurance quotes,is boat insurance required in illinois,mn auto insurance companies,second to die life insurance quotes,best insurance after lapse in coverage,hr consultant insurance,do insurance rates go up after no fault accident,prudential retirement insurance and annuity company,auto insurance herndon va,auto insurance quotes ny state,cat insurance nj,cota insurance,auto insurance jackson tn,auto insurance miami,brown auto insurance,find lowest car insurance quote,what is an auto insurance quote,best auto insurance in atlanta,insurance companies hutchinson ks,need a quote for car insurance,lyft insurance claims,silveus insurance,auto insurance riverdale,lyft car insurance,auto insurance alabama,auto insurance naperville il,landscaping and snow removal insurance,sonnet auto insurance,usaa term life insurance rates,car insurance hobbs nm,1st time car insurance,gaspar insurance,to sell variable life insurance policies,arizona automobile insurance,best auto insurance in tennessee,cheapest auto insurance washington,how to get cheap car insurance after accident,payless auto insurance blythe ca,car insurance quotes spokane wa,can insurance quotes online,how to lower your geico car insurance,stanberry insurance,best car insurance for military,washington auto insurance,average motorcycle insurance las vegas,dwyer insurance cincinnati ohio,foremost boat insurance phone number,a affordable auto insurance leominster,car insurance covers what,auto insurance quotes for high risk drivers,car insurance cortland ny,bay harbour insurance,home insurance cover sewer line replacement,reckless driving insurance increase,car insurance quotes policybazaar,chepest car insurance,old republic insurance careers,insurance crimes which affect interstate commerce are prosecuted by the,oxford auto insurance broadview il,insurance,juvenile whole life insurance rates,liberty mutual insurance bbb,arizona automobile insurance company,gill insurance caruthers ca,maryland car insurance,compare car insurance between states,car insurance nh,business insurance nashville,da lu insurance,insurance companies saint john,best online car insurance,car insurance companies in ky,car insurance martinsville va,conseco life insurance class action lawsuit,get insurance quotes online,homeowners insurance recommendations,full coverage insurance on a motorcycle,how to find cheap insurance quotes,retired military auto insurance,sapphire edge insurance,best low rate auto insurance,affordable auto insurance companies,commercial vehicle insurance florida,insurance for bookkeeping business,what does bodily injury liability insurance cover,youi car insurance,cheap

Introduction New world insurance currency

The one thing that's missing but it is a reliable e-cash, a method that allows you to transfer funds from A to B without a knowing B or B knowing I can take a $ 20 bill and hand it over to you and then there's no record or where it came from.

Was e cash still science fiction in 1999 now it is reality. 15 years later there is a lot to do internationally around the Bitcoin. This e-cash in the vision of the famous economist Milton Friedman quoted above keeps the emotions busy. 

But while there are currently around 12 million Bitcoins in circulation and the price fluctuates between $ 100 and $ 1,200, the legal basis and it will also use in Real Estate marketing in future payment  and he Bitcoin is not easy to find. On the informative website of Bitcoin.org, layman's terms explain how the acquisition and trading of Bitcoins actually works. The question why Bitcoin works in this way and whether and if so how this can be changed is hardly asked.

Furthermore, the website refers to the White Paper of 'Satoshi Nakamoto' from 2008, which underlies the Bitcoin.However, there is no document available in which data subjects submit to that White Paper. In the international literature on Bitcoins too, the question about Bitcoin's civil law base is almost entirely ignored. Given the size of the trade, that is surprising.

The Bitcoin brings with it the necessary risks for consumers and entrepreneurs. At the moment there is no government supervision. 

We wonder

 (i) what is the core economic function of the Bitcoin

 (ii) how the Bitcoin can be qualified in private law and whether private law is possible the Bitcoin as money, means to pay a sum of money to see the meaning of contract law and

(iii) whether Bitcoin insurance is possible, with which consumers and businesses can hedge against the risks of a possible loss of trust in Bitcoin and other risks. Is not such an innovative product an excellent opportunity for the financial sector to show that they put customer interest first? We try to answer this and other questions in this contribution.

Virtually unspent money Question?

What exactly is the economic functionality of the Bitcoin at the core?

Does it look like a virtual currency?

Or is it more like a virtual investment object, on the 'digital gold' of the 21st century internet society?

According currency

According to Graeber, a currency is nothing other than an anonymous, transferable, debt, expressed in a generally accepted unit of account in which a community of people has confidence.

An a typical example of such a 'currency' is the stone type, fei, which functioned as a widely accepted currency in the 19th century on a small island with an isolated population.

These were big thick heavy round stones. The population 'paid' back and forth for goods and services. It was remarkable that even a very large fei stone which was therefore worth a lot was still used as exchange currency at the bottom of the sea.

The stone lying on the bottom of the sea since a boat from a previous owner of the stone had sunk simply swapped in exchange for goods or services from owner, but remained at the bottom of the sea.

Apparently this was no reason for the local population to have no confidence in that stone anymore, or to refuse the sunken stone as a means of payment.

These fei stones came from a quarry on the island. It goes without saying that this simple monetary economy did not have a central bank or regulator, while the fei functioned as a means of payment. The system existed by the trust that the community had in it. It functioned for hundreds of years to satisfaction.

In the first chapter of his book, Martin shows in the Irish banking sector that at the end of the 20th century nothing much has changed in a developed economy. For more than half a year, all Irish banks had been closed due to a strike by all employees in the banking sector, so that non-cash bookings were not processed, but cash and checks gradually disappeared from the circulation. The result was that society fell back on a system of private debt registration, expressed in the unit of account of the Irish pound.

Quickly e money

Bearing these two examples in mind, a comparison of the Bitcoin with e-money is made quickly. Provided a society has confidence and trusts the Bitcoin as a unit of account to settle mutual debts, it could function as virtual e currency.

But an important difference with the 19th century island and 20th century Ireland is that, in the case of the Bitcoin, the geographical scope is not limited to an island, but is worldwide. On the other hand, at the moment mainly 'techies' from the IT sector, criminals and money launderers seem to use the Bitcoin So that to some extent there are communities of like-minded people and any confidence that these parties have in the Bitcoin. The question is whether this will change when the diversity of the group increases in combination with price fluctuations which are inevitable for a single value determined by supply and demand.

Important difference of the Bitcoin

This shows an important difference of the Bitcoin with regular currencies. A currency has an intrinsic economic link with the corresponding real economy, because the valuation of the currency corresponds to the added value in economic-capitalist society. This link is missing from the Bitcoin. This is an important macroeconomic difference with regular currencies in a monetary economy. If you double the currency amount as issuing central bank, the prices of goods and services will in principle halve and vice versa. This allows the central bank to exert influence through its interest rates on inflation and deflation of the real economy. For the Bitcoin this is different because a maximum number of coins is issued, at least according to publications published there. Assuming that this maximization can not be affected, there is no control on quantity by a central issuing and macro economic supervisory institution.

On the other hand mining industries as bitcoin or other ctypto and Bitcoins seems to be limited per unit of time and in an abstrak sense. This could of course also be a strong point of the Bitcoin, especially in economies where there is a central bank, which with its policy creates high inflation, as is currently the case in Argentina. 

Argentinians may therefore be inclined to convert their Argentine currencies, which they intend to save or postpone, into in comparison with the Argentine currency the local economy independent Bitcoins. The same applies to areas where you have to pay high commissions for currency conversion as dollars or euros to local currencies, such as in Afghanistan. Soldiers from the West can in certain cases pay the most easily with Bitcoins.

The European Central Bank has started a research on virtual money, such as the Bitcoin. In its report 'Virtual currency schemes' it notes that Bitcoin currently has a very limited impact on price stability within the euro zone.

This may change if the total size of Bitcoins would increase in value and is replaced by current euro users for a significant part to provide as exchange and calculation means to settle transactions in goods and services.

In this, the ECB categorises the Bitcoin de facto from an economic functional point of view, as an unregulated digital currency, which is accepted by a specific community. In addition to a risk to price stability, according to the ECB, the Bitcoin could also pose a risk to the payment system and due to reputational risks associated with the highly volatile price also for the financial system as a whole. These risks would be much more limited if a virtual currency could only be used for virtual digital goods and services, such as in the case of 'Second Life' with the Linden Dollars.

The Bitcoin is compared to an investment object or a financial instrument. Because Bitcoins' value has no link to the real economy, nor is it influenced by an issuing institution, supply and demand are the determining factors. Bitcoin exchanges are issued at any time for the Bitcoin via Bitcoin exchanges. This is reminiscent of listed financial instruments such as shares and bonds, commodity futures contracts or other derivatives. We all know that in the 17th century in a similar way in tulip bulbs was acted. The main difference is that if the question collapses completely, you would at least still have tulip bulbs left over where you could now stay with a quantity of "nulls and ones" registered on the internet.

A specific investment object is gold. A precious metal that has functioned for centuries as the currency as a means of payment and exchange, and a unit of account to settle goods and services transactions in trade. The Bitcoin can be compared to a kind of virtual gold. The quantity to be mined of gold is limited worldwide, as is the quantity of Bitcoins to mine. The value is determined by supply and demand through scholarships. The difference is that gold still has special metal properties and therefore has technological applications where the Bitcoin is materially less valuable than a tulip bulb.

Legal aspects of the Bitcoin

Bitcoin is legally not a currency within the meaning of the Wft and therefore also not a legal tender. There is no question of an 'issuing institution' or of a claim on an issuing institution.In Europe and USA public law the Bitcoin is not yet qualified as a supervised instrument. 

The Minister notes

The Bitcoin is not otherwise a financial product within the meaning of the law. Mediation in buying and selling is not a financial service either. This brings us to the question: 'how can the Bitcoin then qualify in private law? And is it possible under private law to view the Bitcoin as money, the means to pay a sum of money in the sense of contract law?

Goods law

Some further study yields the following impressions. Bitcoin is an open-source software program, set up under license to the Massachusetts Institute of Technology model. In short, this means that everyone is free to use the software, to copy it and to adjust it at its own discretion, while the author of the software accepts no liability. The Bitcoin software works as follows.

There is a long series of numbers and letters based on an algorithm. In this series certain number letter blocks can be distinguished. When someone finds such a block after intensive calculations then Bitcoins are assigned to it by the program. The software jadwal determines how many digital coins are allocated per block and how the digital coins can be transferred to others. The software jadwal also determines that a maximum of approximately 21 million digital coins can be obtained through mining. After that, according to various publications no new digital coins are issued anymore.

That is remarkable and perhaps worrying. If, in fact, changes are made to the software, this may have consequences for, among other things, the number of Bitcoins in circulation and therefore the value in traffic. According to some publications, such changes can not have retroactive effect. We can not assess whether retroactive changes are actually impossible. We have not found such a legal limitation of the change options.

The digital coins are interchangeable. They are traded at identical value and thus have the character of commodities. This does not detract from the fact that every coin is individualizable, because they consist of unique codes. In summary the digital coins, the Bitcoins, individualisable pieces of software that have been assigned or transferred to someone according to the software jadwal and to which value is assigned in society.

As indicated, these are not claim rights. We believe that Bitcoins should be regarded as a property right under foreign law. They are property rights as referred to in art. 3: 6 Civil Code. After all, the software programs that belong to persons belong on the basis of the software jadwal and which are transferable according to the same jadwal and which are intended to provide the beneficiary material benefit or have been obtained in exchange for material benefit.

These property rights are governed by foreign law. The software jadwal is, after all, published in the United States under an open-source license according to the model of MIT.
Sumber http://www.pittsburghpablog.com