Could Bit Coin Be Hacked?
Investors Around The entire planet are gearing to acquire Bit-coin, prompting a few authorities to measure up with regulations. The good results of Bit-coin fueled the rise of legions of followers, including hundreds of fresh crypto currency launches and also a tide of startups predicated on block-chain technology. Nonetheless, with all the current fuss and hubbub surrounding Bit coin, many investors continue to be unsure about the security of this money itself. Can Bit coin be hacked? And, if that's the case, just how can traders operate to secure their investments?
Bit-coin and Security
Bit-coin was started last year because of decentralized digital money, meaning that it would not be controlled or regulated by any one administrator, such as, for instance, a government or bank. Peer-to-peer transactions have fueled the growth of the electronic currency Earth, and Bitcoin has been at the forefront throughout. The blockchain is a people ledger used to check and record those transactions.
The Matter of Security has been a fundamental one for Bit coin since its own development. Using the flip side, Bitcoin itself is very difficult to hack on, and that's essentially due to the blockchain technology that supports it. As blockchain is constantly being reviewed by most Bitcoin users, hacks are unlikely. On the other hand, though, the fact that Bit coin itself is difficult to hack on does not signify that it's fundamentally a harmless investment. There will exist potential for security risks at various stages of this trading procedure.
Australian Inflation Rate, 2000-2017 (AU$100)
According to the Bureau of Statistics, the dollar experienced an average inflation rate of 2.53% per year.
Prices in 2017 are
53.0% higher than
prices in 2000.
In other words, AU$100 in the year 2000 is equivalent to AU$153.01 in 2017, a difference of AU$53.01 over 17 years.
current inflation rate
in 2017 is 0.64%1. If this number holds, AU$100 today will be equivalent to AU$100.64 next year.
Inflation from 2000 to 2017
Cumulative price change
Average inflation rate
Price difference (AU$100 base)
CPI in 2000
CPI in 2017
How to calculate the inflation rate for AU$100 since 2000
Start with the inflation rate formula:
CPI in 2017 / CPI in 2000 * 2000 AUD value = 2017 AUD value
Then plug in historical CPI values
. The Australian CPI was 71.5 in the year 2000 and 109.4 in 2017:
109.4 / 71.5 * AU$100 = AU$153.01
AU$100 in 2000 has the same "purchasing power" as AU$153.01 in 2017.
News headlines from 2000
Politics and news often influence economic performance. Here's what was happening at the time:
- Steve Ballmer becomes CEO of Microsoft after Bill Gates steps down.
- Dot-com bubble bursts after NASDAQ Composite stock market index peaks.
- George Bush becomes President of the U.S. in a disputed election that is eventually resolved by the Supreme Court.
- Gisborne, New Zealand becomes the first city to enter the new millennium.
Inflation Data Source
You may use the following MLA citation for this page:
“2000 dollars today | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Education, 16 Dec. 2017, /Australia-inflation.