Bitcoin is known as the very first decentralized digital currency, they’re basically coins that can send through the Internet. 2009 was the year where bitcoin was born. The creator’s name is unknown, however the alias Satoshi Nakamoto was given to this person. Bitcoin accounts cannot be frozen, prerequisites to open them don’t exist, same for limits on buy bitcoin with credit card .
Advantages of Bitcoin
Bitcoin transactions are made directly from person to person trough the internet. There’s no need of a bank or clearinghouse to act as the middle man. Thanks to that, the transaction fees are way too much lower, they can be used in all the countries around the world. Every day more merchants are starting to accept them. You can buy anything you want with them. How Bitcoin works. You should explore bitcoin mining. It’s possible to exchange dollars, euros or other currencies to bitcoin. You can buy and sell as it were any other country currency. In order to keep your bitcoins, you have to store them in something called wallets. These wallet are located in your pc, mobile device or in third party websites. Sending bitcoins is very simple. It’s as simple as sending an email. Invest in bitcoin to get great returns.
You can purchase practically anything with bitcoins.Bitcoin Anonymity.When doing a bitcoin transaction, there’s no need to provide the real name of the person. Each one of the bitcoin transactions are recorded is what is known as a public log. This log contains only wallet IDs and not people’s names. so basically each transaction is private. People can buy and sell things without being tracked.
Bitcoin innovation. Bitcoin established a whole new way of innovation. The bitcoin software is all open source, this means anyone can review it. A nowadays fact is that bitcoin is transforming world’s finances similar to how web changed everything about publishing. The concept is brilliant. When everyone has access to the whole bitcoin global market, new ideas appear. Transaction fees reductions is a fact of bitcoin. Accepting bitcoins cost anything, also they’re very easy to setup. Charge backs don’t exist. The bitcoin community will generate additional businesses of all kinds.
What Makes buy bitcoin with credit card So Interesting?
Should I start Mining for Bitcoins? Is it a good time?The answer to this question is yes from my point of view. Why? One of the main reasons is that digital currencies are very volatile. Many would say that`s a bad thing but I think it`s not the case here because we are counting on that. Let me give you an example: The Bitcoin trading price is now $89 USD per Bitcoin. We are mining for Bitcoins now at this trading price and we could find ourselves cashing out a lot more later. A few weeks back the Bitcoin digital currency was trading at over $200 USD per Bitcoin! An this is not all. This is a one of a kind thing where you can earn money by doing nothing but leaving your Bitcoin mining rig turned on. Of course it all depends on how much are you willing to invest. What is a Bitcoin?Watch the video below to learn more about crypto currencies and Bitcoin. GPU Mining Rig vs FPGA vs ASICMaybe you`ve heard by reading on other articles that it`s the ASIC era in Bitcoin Mining. That may be somehow true but you should choose wisely. Here is a comparison: ASIC Miners - are fast, and at the moment it`s a sure bet to make the most money but the downside is that the companies that sell these machines are way behind schedule shipping the orders. (This means that if you order a ASIC miner now, it may take even 5-6 months to get it and in the mean time many other people will have these machines going thus increasing the difficulty and making mining less profitable.) FPGA Miners - this type of miners are not recommended anymore because of the high cost per hash power they provide. You will need many FPGA miners to make a good income per month and it will take even more time to break even with the money you`ve put into these machines. GPU Miners - From my point of view these type of miners are the way to go. You might ask yourself why? The GPU`s use more power! It`s true but even so the advantages are many. You can use these miners for other crypto currencies too, like Litecoin which at the moment is more profitable to mine than Bitcoin. Litecoin might be the coin of the future like Bitcoin was at the beginning. The exchange rate is now somewhere at $3 per Litecoin and if you start mining now and keep your coins you could even be a billionaire in a few years. GPU miners will be able to mine any new crypto currency and if at a certain point you don`t need it anymore you can always sell your mining machine, compared to FPGA and ASIC miners that will never serve any other purpose besides mining. Recommended GPU for mining: Gigabyte Radeon HD 7950 - This one is the best in terms of hash speed and power consumption. I use it in my own rigs and get ~700mh/s. I will write a guide on how to create a very good mining rig in the near future so check out this page often for updates. Getting started with Bitcoin1. Step one Download the Bitcoin Wallet Go to the official Bitcoin Website to download the Bitcoin-Qt After you download the wallet, let it run. It will download all the blockchains from the network. This may take from one to a couple of hours and it will be up to date. In your wallet you will be able to see your unique address that you will use to receive coins from the pools you use. Example of wallet address: 1KtAs4HBFzkdHC2ou4gxyGHwcL7aKzwTve 2. Download AMD GPU Drivers Go to the link below to download the latest AMD Catalyst Drivers for your GPU: http://sites.amd.com/US/GAME/DOWNLOADS/Pages/downloads.aspx Go to the link below to download the latest AMD Catalyst SDK Drivers: http://developer.amd.com/tools-and-sdks/heterogeneous-computing/amd-accelerated-parallel-processing-app-sdk/downloads/ 3. Download your mining software Cgminer is the best GPU miner I have found so far and is easy to configure. Download it here: http://ck.kolivas.org/apps/cgminer/ 4. Signup on one of the mining pools available Here is a short list of mining pools available at the moment: https://en.bitcoin.it/wiki/Comparison_of_mining_pools I recommend BTC Guild because it`s the largest and most popular and you are less likely to have any problems using it. Once you have an account with them there are detailed instructions on how to set up your mining software in under a minute and you are ready to start. 5. Signup on an exchange website The largest exchange website at the moment is BTC-E.COM You will need an account on a exchange website to withdraw your coins to USD or EURO. You can even exchange Bitcoin to Litecoin, Litecoin to Bitcoin, Feathercoin, Namecoin etc. 6. Check the profitability of various cryptocoins I always use Dustcoin.com to see the comparison charts. I recommend looking only for Litecoin and Bitcoin Information. There are many other coins listed but these two are the best. You will see that Litecoin is almost always more profitable to mine but you can take your pick. 7. Start your Cgminer with your chosen pool and you are ready to make some cash!
Bitcoin Cash: What You Need to Know
Reality CheckIt's “reality check” time - again. Cryptocurrency is not actual money -- it's functional money. We can't just listen to the programmers and anti-capitalist group “We are Anonymous.” Some of these guys/gals are good, some are radicals. It's obvious that the information wars, the misinformation and disinformation campaigns, are in full force. But cryptocurrency is not the perfect “money.” It is not even the perfect “currency” or is it? How about bitcoinI is, however, a near perfect lesson - about how code can substitute for checks. Checks written or debits made or credits obtained -- all based upon fiat money. The problem or perhaps the next step, will be when cryptocurrency itself retains value -- long term. When fiat money is no longer required to support the system of private digital monies. It is going that way now. Digital monies creeping up on ten years of value. So the lesson is that we "the people" can create an encrypted monetary ecosystem which cannot be manipulated. A resilient, person-to-person, fiat e-currency, immune to fickle governments. Immune to us. An irredeemable currency, as it were. Once the block-chain becomes obsolete, however, and that will happen at some point, then the next alternative currency will have been born. And hopefully, it will not owned by the Chinese. Bursting Bubbles?Then there is the supernova theory. A stellar explosion which briefly outshines the entire galaxy, according to Wikipedia. But in this case, the comparison is rather minor, because bitcoin has not yet fully shined. If one looks at bitcoin's past, this stage may have occurred already, when the value exceeded, very briefly, over $1200 dollars each. Like a supernova, bitcoin's energy was expelled for a brief period of time and we are now watching as the residual bitcoin energy fades into oblivion...or are we? So here we go again. Into the great beyond. Perhaps as posited, to over $40,000 a coin? Is this just a maturation stage? A waiting period. A minor plateau on way to Mt. Everest, before we strap on our oxygen bottles and head for nose bleed territory? OutlookMonday, August 24, 2015, marked the beginning of the upward tick for Bitcoin, but only a tick. From the $200 range bitcoins pushed to $500 each. Then they slipped back to lower territory – again. As of this update (April 28, 2017) the upward pattern or revaluation is holding above $1000 (U.S.). Above $1300, actually. It has exceeded that psychological barrier: gold. This pattern is not like a stock, but it is similar. Monero began its serious climb after August of 2016. They currently trade for over $20.00 each. DASH, long bashed by the alleged purists of cryptocurrency, has steadily risen in value. It currently trades at over $70.00 each. DASH's latest upturn began in January of 2016. A year long uptrend, once exceeding over $100, per coin. Company stocks can rise in value and then fade, but the underlying substance, at least for some types of stocks, are voting rights in that company. Note, however, that many stocks and bonds are parceled out in the form of mutual funds or ETF's, where the voting rights remain with the investment houses. Individual investors – you and me – just hope to earn a tidy profit in 20 or 30 years. In Dash, there is a voting system. Not in Monero or Bitcoin, however. Not exactly. We are told that companies mature and their stocks stabilize in value – or grow slowly. We are told to look for that slow and sure growth. Dash? We are told to ignore the fact that the dollar is devaluing and all the American companies, along with it. At least the ones that remain in America. The companies that flee are chased by Uncle Sam, as he tries ever so gently, to shove worthless fiat bills down their throats. We are told not to worry about the "helicopter money." Is Ancient Rome an example? SpeculationSpeculation about the next great 'Bitcoin Bubble' is all over the blogs. Each time Bitcoin gathers a head of steam, the pundits climb on board the train and argue with each other. The Bulls and Bears cheer and jeer, respectively. Will Bitcoins reach $40,000 each? According to some they will go higher. Others cite the supernova scenario. What of a stable value? What of blocksize? Slow transactions? The Chinese? Litecoin? Ripple? The “Gold Bugs bash Bitcoin as just another fiat currency. They have a valid point, but they also forget the value of the blockchain accounting system. Why can't such a system be used to verify ownership of assets? Actually, this has already been accomplished, but not in a big way. Other IssuesEthereum is one such an example. They could issue company stocks on their “blockchain.” Now just imagine for a moment, if their “blockchain” forks? (For the lay person this means that their software just failed and this still occurs within these types of systems.) What happens to your stock? Ethereum has had its share of problems. Manipulation of offshoots, what some call side-chains, to move (not steal) coins. One can use Ethereum Classic instead. Gold Bugs don't need to worry about “forks” just confiscation by governments and thieves. The terms “governments” and “thieves” are often interchangeable, of course. The government fiat-currency buffs are the biggest hurdle to innovations like bitcoin. They begin their morning prayers to John Maynard Keynes, the dead economist responsible for the fiat based currency system we presently use. They fill us with 'concerns' that these new technologies can compromise banking systems. And they, the investigative arms of nations, do have valid points -- as they apply to state run, state controlled, banking systems. But, crypto is private. I might add that many of us feel we use the current government fiat currencies, involuntarily, i.e., fiscal-slavery-lite. No Father?Bitcoin has no father, as some have put it. It is like gold, a physical thing, in that respect, but it is not physical. We know there is about 363,762,732 pounds of gold on earth, at last count, according to Google - on November 9, 2015. We know about how many Bitcoins will be “mined.” About 21,000,000 give or take. But the similarities end there. Will this next Bitcoin surge cause the entire ecosystem to burst like an over-inflated fiat currency or will the world finally stand up and take notice? Could Bitcoin implode, like some fantastical singularity – an intelligent one as some worry - leaving not a trace of itself and millions of “Bag Holders” staring into space-time? Some Bitcoiners will even tell you that money is 'time' and Bitcoin is analogous to a big clock. To be...To optimists, pouring millions of dollars into bitcoin, this is proof positive of its stability. Not to mention yen, yuan, pounds, and various other fiat currencies flowing in. If the current influx of fiat monies continues its pace, Bitcoin will continue to exchange over a billion dollars each week. To the average international bank, this is peanuts. But these exchanges are taking place over automated and decentralized systems (software) anybody can download and use...or not download, but still use. That makes all the difference. Virtually no 'overhead.' Streamlined. Efficient in a lot of ways. But is is very slow when compared to the current financial systems. Ten minutes? Two hours? Just how long does a transaction really take? Say no to the "Download"Downloading is another problem. Nobody is in charge of the Bitcoin Software. A group – a community of sorts – must come together to “update” the software. Then we, the users, must either swallow the “update” or move on. And the software is slow to load the blockchain. It takes days... In other words, human cooperation becomes the new “gold standard.” Interesting, isn't it? Unless...like what is happening currently, one nation assumes control. China, for example. Five ReasonsThere are five good reasons Cryptocurrency will continue to surge - worldwide: Over-Regulation: Countries are making crypto illegal or over-regulating it. When things become illegal, supplies constrict and millions of people who wish to keep using or buying the thing cause the price to elevate. Excessive Debt: Countries are mired in enormous amounts of debt – and we don't trust their currencies. We don't know when the next country will go bankrupt. Once they do, the contagion spreads. Fiat-currencies devalue. Prices rise. The countries then 'pump' more fiats into the ever failing Keynesian Model. Current Weakness of Gold(?): Valuable or other base metals are not performing as well as they could be, owing to the economic slowdown and manipulation. As industry slows, the economy is obviously on the skids. Gold, silver, copper have all experienced unusual drops in value. Historically, it appears to be an inverse bubble. When compared to the underlying fiat-currencies, gold and silver should be much higher. Many gold bugs and sound money theorists place the blame squarely upon the misplaced trust in the dollar. Also – a misplaced trust in cryptocurrency. Once the people realize their error, as the sound money supporters state, gold will seek its rightful and high price, relative to a failing fiat-currencies – they hope. (Or are we in some new monetary paradigm?) Confiscation: Gold can and has been confiscated by governments. This is crux of the “Gold Problem.” In short, sound money theorists cite gold's long history of hard value. They rarely bring up the fact that when gold re-values and currencies crash, governments react by confiscating the gold and reissuing fiat-currencies. Gold is also heavy, must be insured, and cannot be transferred online in the U.S.A. (Bitgold -- now GoldMoney, the company, has solved this problem in Canada. But it is not a decentralized blockchain. It's just another method to invest in gold.) Privatization: Private currencies are very difficult to steal. Governments can't make “private” currency or necessarily confiscate it. The fact that governments cannot control the number of fiat-Bitcoins being issued (mined), traded, and transferred, is a deal-breaker when it comes to the adoption of private-cryptos. Monero and DASH are the primary players in this area. Zcash is attempting to play, but is struggling. The fact that people, the world over, trust cryptocurrency certainly bothers many governments. Governments, most of them, need to retain their ability to 'make' currency – since most don't really make 'money.' If the value of cryptocurrency advances, then how will this change government-fiat currencies? Will they devalue, if crypto becomes a household word? No doubt. Over-regulation is a key factor. The more government entities attempt to curtail innovation, that less innovation there will be. Cryptocurrency is innovation. That's why governments are imitating the “blockchain” software. Nobody (okay – almost nobody) trusts government, however. Government investigations and the general economic malaise worldwide, are other examples recent cyptocurrency investment disinterest. Why jump into a quagmire of rules, regulations, ad infinitum, unless the profit potential outweighs the risk? Cash or dollars are easier to use, but far less private. Maybe the Chinese are fleeing their monetary system in droves, but should other countries follow suit? Perhaps the biggest hurdle, given all of the bad press, however, is trust. Specifically, cryptocurrency trust. The “fear factor” is alive and well within the "crypto-sphere." This is a sobering fact. If and when Bitcoin goes “Supernova” is the big question. An expanding ecosystem, where a Bitcoin fiat currency valuates too quickly, could lead to such a phenomena – just as it does in nature. Bitcoin is unstable. Instability does not last in nature. Neither do good intentions. But...shall we say "In Crypto We Trust" ???