Quote from: yudayaurelia on November 21, 2018, 06:03:33 PM

Bitcoin is electronic money made in 2009 by Satoshi Nakamoto. The enactment of Bitcoin in this virtual world might make some people think it is similar to electronic money.
Bitcoin and electronic money or e-money are certainly not the same. To understand the characteristics of both, here are some differences.

Access
Developing in cyberspace, Bitcoin certainly needs an internet network to be accessible. Bitcoin is increasingly being used for transactions for internet users and now some businesses are starting to accept payments with Bitcoin.
E-money in terms of access does not need an internet network. This electronic money can be used to transact through telecommunications equipment to the form of a card.

Production
Bitcoin is produced through encryption of data and certain algorithms. With a peer-to-peer topology system and a lack of a single administration, the value cannot be manipulated by the authorities or the government, and does not cause inflation if the production of Bitcoin increases.
Unlike virtual money, e-money is issued digitally by financial institutions and guaranteed by authority.

Publisher
Bitcoin is published by a community called 'miner'. Whereas e-money publishers are official banks and financial institutions.

Regulator
Bitcoin is not regulated by any institution, unlike e-money regulated by the central bank.

Owner Data
All Bitcoin transactions are stored publicly and permanently on the network, which allows everyone to see balances and transactions from any Bitcoin address. However, the identity of a Bitcoin user cannot be known until the information is revealed when making a purchase or under certain other conditions.
Whereas in e-money, the ownership data system complies with the applicable financial institution standards.

Value
The Bitcoin value system is determined by the level of trust, supply and demand. Meanwhile, the e-money value system applies like conventional money, only in electronic form

this is another garbage post about random information nobody asked for.