Hello and welcome to my blog
Here you will find current information about bitcoin, Bitcoin 2.0, the Blockchain and the Crypt o-Currency Revolution. Our form of government works perfectly if built on a stable, transparent monetary foundation.
We can stand around and wait for the dollar to lose its last 3% of value or open a dialog and start discussing a financial solution for America. I say we restart on 7/4/2017. Its not going to be easy but this generation will go down in history as the most bad ass of all time. The one that restarted America and ushered in a higher state of conciseness.
Please use this site and as many others as you can find to learn as much as you can about digital currencies. They are a game changer. Enjoy.
What Is Bitcoin?
Bitcoin is a peer to peer digital currency that operates on a decentralized network of privately owned computers. It is protected by its simplicity and something called public key encryption. Bitcoin has no CEO, board of directors, or country of origin. Anyone with a smart phone and a bitcoin wallet can use Bitcoin for a whole bunch of things including purchasing, voting, storing documents and many other 2.0 block chain applications.
imagine if everyone on the planet was paid in Bitcoin. A 100% secure currency that could not be taken from the earner. Governments and banks could not help themselves to your money or inflate and deflate its value. Instead of government helping themselves to your money and then telling you bullshit about why you need to pay for a war, they would have to ask you for funding, so would the people on the other side. If every week we had to write a check to pay for war there would be peace on earth tomorrow.
Today 3/10/16 Bitcoin is worth about $420 per bitcoin. Because of how Bitcoin was created there can only be 21 million bitcoins in existence. If you divide 21 million by the trillions of dollars worth of currency in circulation you get an idea of what each Bitcoin could potentially be worth. I think when Bitcoin goes main stream 99.9% of people will never own a whole Bitcoin. The country that goes to Bitcoin first will position its self as global super power into perpetuity.
In addition to being hack and fraud proof, bitcoin forces a transparency that was never before possible with a fiat currency. This is terrifying to the banking cartels, governments, wall street, credit card companies, charities and every organization that operating in the shadows.
Today everyone has their entire net worth stored at a bank. Make a purchase the bank takes money out of one account and puts it into another. In many cases the money never leaves the bank. This is why there is a bank on every corner, they make money.
Bitcoin uses a public ledger. Everyone that has a bitcoin wallet has a copy of the same public ledger. The ledger contains every transaction, that has every taken place since bitcoin was invented in 2009. It updates itself every ten minutes. You can see it happening live at www.blockchain.info Its a mind blowing technology that puts the people who earn the currency in control of it. Why would you not want that?
How the Blockchain can eliminate voter fraud.
It takes more computing power to upload a photo than it does to count a trillion votes.
How to Use Bitcoin
The first thing you need is a bitcoin wallet. Search “Bitcoin Wallet” on Google you will find many places to get a bitcoin wallet. You can keep this wallet on your computer, phone or external hard drive. The next step is to buy some bitcoin from an exchange. This you can do by linking a bank account, bank transfer, Visa credit card, Visa Gift card, Money Gram and more.
Bitcoin miners earn bitcoin by solving bitcoin equations. They use computers with very fast processors to verify bitcoin transactions. For every bitcoin equation they solve they earn fractions of bitcoin. This is how new bitcoin is created. It is a much better system than printing money because only supply and demand effect the price and value of Bitcoin.
Bitcoin price is based on supply and demand. There is no central bank or authority in charge of inflating or deflating the value of bitcoin. The current market price of bitcoin can be seen on bitcointicker.co or the exchanges. Currently the bitcoin price is around $442 per coin (winter 2016) The entire Blockchain is worth Billions.
Bitcoin value is based on human understanding. Since most people get there information from the bank owned media, this will take some time. Bitcoin is not owned by an individual or corporation. It was created by a genius and given to us just like many other open source software. Bitcoin can be stored on a phone and taken with you anywhere. Transactions fees are so low that one can send a few cents or a few million coins instantly, anywhere for almost zero fees. The fact that it can do all these things and more gives it value. Not only is Bitcoin better as a currency but also a way to make elections fair, charities legitimate and corporations transparent.
Some of the most popular bitcoin exchanges are Coinbase, Coindesk, Bitpay, OKcoin, Kraken, Bitstamp, Bitfinex and BTC-e. They work just like a forex (foreign exchange). You open an account and then fund the account. You can then buy and sell bitcoin at the market price.
US Dollars into Bitcoin
Exchanging US dollars for bitcoin takes a few days. The most common way is to link a bank account to an exchange. Many of the big banks like Bank of America, Wells Fargo and Chase won’t allow this because they don’t want you to realize that you don’t need them anymore. You can also buy bitcoin from a bitcoin broker. www.localbitcoin.com is great place to find a broker. You can also buy bitcoin from a bitcoin ATM machine. Coindesk has a map showing where to find bitcoin ATM machines http://www.coindesk.com/bitcoin-atm-map/.
Bitcoin Exchange Rate
The exchange rate of bitcoin is based on supply and demand. Since bitcoin does not manufacture a product, drill for fuel or provide a service its exchange rate is really based on human understanding. Once people become aware of how much better bitcoin works than paper money its exchange rate will certainly increase.
What makes Bitcoin different?
Bitcoin is not talked about in the main stream media because the media is owned by the banks. As you use bitcoin, you’ll see that the dollar and the banking cartel is not necessary. The banking cartel knows bitcoin is more secure and works better than dollars. Bitcoin is different than the vulnerable digits in your bank account because the bank cannot help themselves to your bitcoin.