A SURPRISING COIN.

Internet has become, with its strengths and dangers, a huge world that offers everything to Internet users. In particular, in recent years the web has also been the guardian of our savings. In fact, since 2009, bitcoin has been in circulation, a “cryptocurrency”, ie an electronic money created by an anonymous inventor known under the pseudonym of Satoshi Nakamoto. Bitcoin is an independent currency, so it is not controlled by any banking system, but is nevertheless strictly protected with a long code consisting of alphanumeric characters. To buy bitcoins, you need to have a “wallet”, that is, an application capable of storing, receiving and using your virtual currencies (such as Coinbase or Blockchain). In Italy, cryptocurrency is still making room to get a place in commerce, while in America there are already hundreds of ATMs that change bitcoins into dollars and vice versa (in Italy there are only six) and there are also numerous businesses that accept the new currency as payment method. Despite this, it is still an emerging currency with a highly unstable value, and therefore tends to change rapidly: at the moment a bitcoin is worth about 9000 dollars, tomorrow it could correspond to a few pennies. For this reason, using a wallet just to keep your savings would seem the worst choice; instead there are many investors who, thanks to bitcoins, have become billionaires. Numerous debates have arisen about this alternative form of trade: there are those who consider it a resource, a kind of progress and support in the world of technology, but there are also those who consider it an easy target for hackers and extremely dangerous. as it is not traceable and therefore could be used for illegal purposes. The world of bitcoins is complicated and immense, but one thing is certain: the web continually leaves you speechless.

“Not all that glitters is gold,” is the saying when you see this beautiful, shiny coin. Many people talk about it, but few know exactly what it is and how it works, including me. The curiosity is certainly growing, if only because of the high profits that are assured. Bitcoins are considered to be one of the biggest technological revolutions of our century; we are bombarded with communications on social networks and private e-mails enticing us to try. The advantage is that they eliminate the intermediation of banks by creating a self-managed system of monetary circulation. So the question arises: is it worth investing in bitcoins or not? It is certainly worth reading up and being aware before embarking on risky transactions.

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Scimone Aurora

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