Home

mardi 27 août 2013

The Future of Crypto-Currency and How to Be Rich Tomorrow

2 commentaires: Publié par Unknown à 13:28
From the first moment Crypto Currencies came online it has been a battle against the old, rotting economy that has thrown us into the recession. It is no secret that the way things used to work actually didn’t work at all. The old economy has thrown us from recession to recession, leaving whole generations devastated and changing our dreams and future in non-positive ways. Depending on nations and rich establishments like banks, the old economy proved to be all too fallible and secretive altogether.

This is why the whole concept of a free, global economy that is unrestricted by outer factors like countries and banks didn’t come as a surprise to those who knew what the world really needed. Nonetheless the birth of Bitcoin was still something many watched with hesitation and dismissed as a fad or scam. Nothing could have been further from the truth and Bitcoin spoke with actions, or should I say transactions, rather than promises. The worth of the Bitcoin rose immensely in the last years from its all time low of 2$ per piece to its current of around 95$ per coin.

The Bitcoin works with special codes which change every time a transaction is made. Special crypto keys keep the coins from being stolen and the chain of transactions makes the coin easy to track and transaction simple to monitor. Since it is just too much hassle to hack or copy so many transactions and codes the system is not worth hacking at all, making it a pretty safe investment, as opposed to what internet luddites feared. When an exploit was discovered in 2010, instead of proving those dismissive minds right, Bitcoin immediately corrected the mistake, nobody lost their money or worth of it and Bitcoin has since never had an exploit episode again.

Following this amazing success of a brand new way to transact and pay, many of course created their own crypto currencies. Bitcoins are after all finite and could not fit the whole world economy once crypto currencies reach their expected future popularity. There was plenty of room for more crypto currencies to serve the world and plenty were born.

Plenty crypto currencies enjoy their share of success today with some names being Litecoin, the greatest rival of Bitcoin, Feathercoin, Novacoin and many, many more. Smaller crypto currencies have their own place in this new economy promising rising prices and bigger profits than already established coins.
Something that is pretty much unique in crypto currencies and which promises to keep them safe from inflation is the limited amount of coins that can actually be created. Most coins will stop at 21 million with only a few like Feathercoin crafting four times as much. Every four years new coins are released into the market, yet the amount of those coins will grow smaller, until it reaches zero and then the maximum amount of coins will have been reached. This way you know that your coins will not lose their worth because too many have been printed; because that is simply impossible with crypto currency and the way they work.
As reality proves, crypto currencies become bigger and bigger, multiplying and sharing a new unrestricted economy to all those who dare to win. The future of the world economy is here in the form of these crypto currencies and we can expect them to become more and more popular. Not only that, the whole software and crypto currency system will too improve in time, creating more powerful coins and larger markets for them. Already some countries allow tax payment in Bitcoins and even wages have been partly paid in Bitcoins, showing the increased trust in crypto currency that some never expected to become reality. Crypto currencies have won the world over with actions not promises, and that is where they are superior to the older currencies world over.

Read More

samedi 24 août 2013

The History of Bitcoin

2 commentaires: Publié par Unknown à 01:25
When one speaks of Bitcoin, one speaks of futuristic economy available here and now, for
those daring and wise enough to invest in something new. People are of course skeptic
when it comes to something like a currency that isn’t backed by a bank or country. But think
of where that type of thinking has got us until now. Bitcoins are after all something excitingly
new in a stale rotting economy. Nobody has been left untouched by the recession, which is
living proof that our modern way of exchanging currency isn’t that “modern” in the sense
of being lucrative and progressive. This is why Bitcoins deserve more than a chance; they
deserve endorsement and lots of attention, so that we can break free of an old economy
and start a new one which will make us all richer.

This is why a man, or a team of people, who went under the alias Satoshi Nakamoto
announced in the year 2008 the amazingly new Bitcoin software. Until now nobody knows
who Satoshi Nakamori is and that will probably remain a closely guarded secret forever.
When I say new when referring to Bitcoins I mean original and ahead of their time. This
announcement promised an unrestricted economic currency that would soon flood the
open worldwide market through the internet. Bitcoins were to be a safe, fast and precious
currency for the future and in 2009 this dream-like proposition became reality.

Of course like every daring new idea there were some bumps on the road to perfection. In
2010 the first Bitcoin transactions began for real. A vulnerability in the system was detected
and exploited, but the Bitcoin programmers caught on to the fraud and nullified the false
transactions quickly, returning the Bitcoin back to a normal rate of production. Many
feared that more exploits would soon ruin the whole Bitcoin concept, but thankfully the
programmers have kept the system in top shape ever since.

Sadly during the year 2011 the Bitcoin market crashed from 30$ per piece to 2$, but even
this hurdle wasn’t too much for this promising new currency to overcome. On the upside it
was the year 2011 when Wikileaks began to accept Bitcoins for donation and many markets
opened up to this new way of payment when they used to be skeptic about it. Bitcoins even
had their share of fame, featuring in the television drama “The Good Wife”.

BitPay announced in the year 2012 that Bitcoin now had around a thousand markets it was
used and accepted in. It seemed like Bitcoin finally managed to become a widely used type
of currency. In 2013 all those hopes where finally answered with success as the Bitcoin reached its all
time high price at 266$ and settling at 160$ soon after. If we remember that 2$ price in 2011
the Bitcoin surely has come a long way. Over 1 million Bitcoins were sold for 22$ in a single
month during January, and that was only 3 months before the all time high price in April.

Perhaps the most fascinating part is that Bitcoins are now ruled legal ways of payment in
many countries, while court cases seem to open and be won all over the world. Germany
even accepts Bitcoins for taxes now, while Thailand pays some of its wages to in Bitcoins to some.

Seeing the immense progress and positive outcome of all that is Bitcoin currency and
transaction we can only be pleased that human ingenuity finds a way to defeat adversity
even in such harsh economic times such as these. Those who invested are now pleased and
have secure transaction with the whole world, become a globalized economy was only the
next logical step down the road and some have already taken it with Bitcoin.
Read More
Inscription à : Articles (Atom)

mardi 27 août 2013

The Future of Crypto-Currency and How to Be Rich Tomorrow

From the first moment Crypto Currencies came online it has been a battle against the old, rotting economy that has thrown us into the recession. It is no secret that the way things used to work actually didn’t work at all. The old economy has thrown us from recession to recession, leaving whole generations devastated and changing our dreams and future in non-positive ways. Depending on nations and rich establishments like banks, the old economy proved to be all too fallible and secretive altogether.

This is why the whole concept of a free, global economy that is unrestricted by outer factors like countries and banks didn’t come as a surprise to those who knew what the world really needed. Nonetheless the birth of Bitcoin was still something many watched with hesitation and dismissed as a fad or scam. Nothing could have been further from the truth and Bitcoin spoke with actions, or should I say transactions, rather than promises. The worth of the Bitcoin rose immensely in the last years from its all time low of 2$ per piece to its current of around 95$ per coin.

The Bitcoin works with special codes which change every time a transaction is made. Special crypto keys keep the coins from being stolen and the chain of transactions makes the coin easy to track and transaction simple to monitor. Since it is just too much hassle to hack or copy so many transactions and codes the system is not worth hacking at all, making it a pretty safe investment, as opposed to what internet luddites feared. When an exploit was discovered in 2010, instead of proving those dismissive minds right, Bitcoin immediately corrected the mistake, nobody lost their money or worth of it and Bitcoin has since never had an exploit episode again.

Following this amazing success of a brand new way to transact and pay, many of course created their own crypto currencies. Bitcoins are after all finite and could not fit the whole world economy once crypto currencies reach their expected future popularity. There was plenty of room for more crypto currencies to serve the world and plenty were born.

Plenty crypto currencies enjoy their share of success today with some names being Litecoin, the greatest rival of Bitcoin, Feathercoin, Novacoin and many, many more. Smaller crypto currencies have their own place in this new economy promising rising prices and bigger profits than already established coins.
Something that is pretty much unique in crypto currencies and which promises to keep them safe from inflation is the limited amount of coins that can actually be created. Most coins will stop at 21 million with only a few like Feathercoin crafting four times as much. Every four years new coins are released into the market, yet the amount of those coins will grow smaller, until it reaches zero and then the maximum amount of coins will have been reached. This way you know that your coins will not lose their worth because too many have been printed; because that is simply impossible with crypto currency and the way they work.
As reality proves, crypto currencies become bigger and bigger, multiplying and sharing a new unrestricted economy to all those who dare to win. The future of the world economy is here in the form of these crypto currencies and we can expect them to become more and more popular. Not only that, the whole software and crypto currency system will too improve in time, creating more powerful coins and larger markets for them. Already some countries allow tax payment in Bitcoins and even wages have been partly paid in Bitcoins, showing the increased trust in crypto currency that some never expected to become reality. Crypto currencies have won the world over with actions not promises, and that is where they are superior to the older currencies world over.

Publié par à 2 commentaires:

samedi 24 août 2013

The History of Bitcoin

When one speaks of Bitcoin, one speaks of futuristic economy available here and now, for
those daring and wise enough to invest in something new. People are of course skeptic
when it comes to something like a currency that isn’t backed by a bank or country. But think
of where that type of thinking has got us until now. Bitcoins are after all something excitingly
new in a stale rotting economy. Nobody has been left untouched by the recession, which is
living proof that our modern way of exchanging currency isn’t that “modern” in the sense
of being lucrative and progressive. This is why Bitcoins deserve more than a chance; they
deserve endorsement and lots of attention, so that we can break free of an old economy
and start a new one which will make us all richer.

This is why a man, or a team of people, who went under the alias Satoshi Nakamoto
announced in the year 2008 the amazingly new Bitcoin software. Until now nobody knows
who Satoshi Nakamori is and that will probably remain a closely guarded secret forever.
When I say new when referring to Bitcoins I mean original and ahead of their time. This
announcement promised an unrestricted economic currency that would soon flood the
open worldwide market through the internet. Bitcoins were to be a safe, fast and precious
currency for the future and in 2009 this dream-like proposition became reality.

Of course like every daring new idea there were some bumps on the road to perfection. In
2010 the first Bitcoin transactions began for real. A vulnerability in the system was detected
and exploited, but the Bitcoin programmers caught on to the fraud and nullified the false
transactions quickly, returning the Bitcoin back to a normal rate of production. Many
feared that more exploits would soon ruin the whole Bitcoin concept, but thankfully the
programmers have kept the system in top shape ever since.

Sadly during the year 2011 the Bitcoin market crashed from 30$ per piece to 2$, but even
this hurdle wasn’t too much for this promising new currency to overcome. On the upside it
was the year 2011 when Wikileaks began to accept Bitcoins for donation and many markets
opened up to this new way of payment when they used to be skeptic about it. Bitcoins even
had their share of fame, featuring in the television drama “The Good Wife”.

BitPay announced in the year 2012 that Bitcoin now had around a thousand markets it was
used and accepted in. It seemed like Bitcoin finally managed to become a widely used type
of currency. In 2013 all those hopes where finally answered with success as the Bitcoin reached its all
time high price at 266$ and settling at 160$ soon after. If we remember that 2$ price in 2011
the Bitcoin surely has come a long way. Over 1 million Bitcoins were sold for 22$ in a single
month during January, and that was only 3 months before the all time high price in April.

Perhaps the most fascinating part is that Bitcoins are now ruled legal ways of payment in
many countries, while court cases seem to open and be won all over the world. Germany
even accepts Bitcoins for taxes now, while Thailand pays some of its wages to in Bitcoins to some.

Seeing the immense progress and positive outcome of all that is Bitcoin currency and
transaction we can only be pleased that human ingenuity finds a way to defeat adversity
even in such harsh economic times such as these. Those who invested are now pleased and
have secure transaction with the whole world, become a globalized economy was only the
next logical step down the road and some have already taken it with Bitcoin.
Publié par à 2 commentaires:
Inscription à : Articles (Atom)