Quick Facts: Bitcoins Explained Part 2

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Free Bitcoins
Bitcoin is changing the world of finance, by giving you more control over your money.

Democracy Bitcoin is a Worldwide Consensus

By its decentralized open-source nature, Bitcoin is the first payment network that is powered by its users with no central authority. Even Bitcoin developers have no power to force updates in the protocol if enough users, developers, or miners disagree. You have exclusive control over your Bitcoin wallet.

Network Digital Money Made For The Internet

Bitcoin is born from the Internet, bringing the freedom of physical money to the virtual world while making payments easier and more secure in both worlds. Bitcoin can offer an alternative to previous cumbersome and costly systems, and it can increase online business access to developing countries.

Individual Protecting iIndividual Rights and Freedom

Bitcoin allows people to securely store and exchange value on a network that cannot be seized, manipulated or stopped by any organization or individual. It gives many powerful tools to the people so that it is easier to protect individual rights against various levels of corruption.

Global The First Global Neutral Currency

Not often in our history has money been disconnected from any political influence or national economy. Could Bitcoin be the first global currency to cross all barriers between nations, politics and cultures for the benefit of the common good? It certainly looks like it might happen. One for all and all for one!

Transparency Promoting Transparency

All Bitcoin transactions are public, but the owner or recipients of these transactions are not. Organizations can choose to reveal their ownership of some Bitcoin addresses to their members, allowing them to implement high levels of transparency.

Secure Making Money More Secure

Thanks to a clever use of strict cryptographic rules, Bitcoin provides an amazing list of security features. Not only are bitcoins impossible to counterfeit or spoof, but the protocol is also built to be very resistant against an impressive list of attacks, including distributed denial of service.

Solve Solving Issues With Trust In Banks

Bitcoin offers solutions to many of the trust problems that plague banks thanks to selective accounting transparency, signature proofs, and irreversible transactions. It also increases the risks for crooked bankers: no bitcoins can be created to save them from their own mistakes at the expense of the people.

BITCOINS: WHAT IS ALL THE HYPE ABOUT?? Bitcoins Explained Part 1

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Free Bitcoins Im sure by now you have heard about the bitcoin phenomenon, they are almost everywhere to be seen! Now as even big box stores, restaurants, and banks scrabble to meet the growing needs of their customers, and users of this new currency, to buy and sell all types of goods and services, everyone is scratching their head trying to understand them. So here let’s

What is a Bitcoin?

“Bitcoin (BTC) is a digital currency first described in a 2008 paper by pseudonymous developer Satoshi Nakamoto, who called it a peer-to-peer, electronic cash system. Bitcoin creation and transfer is based on an open source cryptographic protocol and is not managed by any central authority. Each bitcoin is subdivided into 100 million smaller units called satoshis, defined by eight decimal places. Bitcoins can be transferred through a computer or smartphone without an intermediate financial institution.” From Wikipedia, the free encyclopedia

How are bitcoins created?

Unlike all standard currencies, bitcoins are not issued and managed by any government or institution. Bitcoins are created through a process known as bitcoin mining. This process of mining bitcoins is similar to a continuous raffle draw: mining computers connected to the bitcoin network are awarded bitcoins each time they find the solution to a given mathematical problem. Did you know that you can mine your own bitcoins with your computer? We explain how to do so in some of our guides and tutorials.

What is a bitcoin worth?

The value of a bitcoin depends on many factors and varies constantly. There are many services available for trading bitcoins. In these places, people who have bitcoins sell them for dollars or euros to people who want them. The price people want to buy and sell at determines automatically the value of the bitcoin. During the first months after the appearance of the bitcoin, one bitcoin was worth less than one dollar. In April 2013, the bitcoin reached a record value of $240 (USD). Nowadays, the bitcoin price keeps oscillating around $100, but no one knows for sure how this is going to be in the future.

Bitcoin Explained from Duncan Elms on Vimeo.

Is bitcoin secure?

Yes, it’s extremely secure, even more than your current bank account. The bitcoin system relies on a very secure cryptographic system. No one will be able to steal you bitcoins unless you give them a private key which is safely stored in your computer. Even though the bitcoin system is very secure, its value is far from being stable and could drop to zero without any guarantee, and you should be aware of that.

Who uses bitcoins?

There’s an increasing amount of businesses and individuals accepting bitcoins for buying their products and services. In our NEXT POST we will be providing some tips, guides and tutorials as well as a very exhaustive list of places for accepting bitcoins, and even site that give you FREE bitcoins. So if you are running a business or want to sell something, you can start accepting bitcoin too! Create your own Bitcoin Account FOR FREE!, and you’ll be finished IN UNDER 5 MINUTES 😀 Just confirm your email and make sure your pass is safe remember there may end up being money in there!

Oh and did I mention: GetPopularFast Now ACCEPTS Bitcoins also, Contact our Sales Agent For More Details and we can send you an invoice payable using Bitcoins! 😀