BITCOIN – THE NEW ENTIRELY DIGITAL CURRENCY
by Mary H. Social Network Marketer
The
new currency on the block is call Bitcoin. It's being used on the
Internet, no cost to transfer. The Bitcoin is not decentralized by
the Government which means it is person to person, no charge backs.
The dollar currency is controlled by the Government as you know.
Bitcoin is being used in 50 countries. It is limited in quantity only 21 million only. The number never changes. They are transferable, liquid and can be easily transferred digitally when given a pass code.
Bitcoin is new, a different kind of currency being used online. Cash being exchanged for Bitcoin-the new currency today.
Bitcoin
verifies transactions with the same state-of-the-art encryption that
is used in military and government applications. Bitcoin is
open-source. Nobody owns it; the most popular client is maintained by
a community of open-source developers. With the high cost of
processors charges, Bitcoin Is the cheapest way
to move money
around.
An increasing number of physical stores, restaurants and other venues accept Bitcoin as well. Check Bitcoin Travel and Bitcoin Navigator to see if there are any in your area. Turn your Bitcoins into gift cards from Amazon, Barnes & Noble, iTunes and many more at SpendBitcoins.com. Or get gift codes for services like XBoxLive, PSN or iTunes instantly online at Bitcoincodes.com.
Buy
music, ebooks, wallpapers and other downloadable content at Coindl!
Per
David Schwartz:
The way Bitcoin works is that instead of having one central authority
who secures and controls the money supply (like most governments do
for their national currencies), this work is spread out all across
the network. Most
of the heavy lifting for Bitcoin is done by "miners".
Miners
collect the transactions on the network (like "Alice pays Karim
10 bitcoins" and "Liam pays Sofia 8.3 bitcoins") into
large bundles called blocks.
These blocks are strung together into one continuous, authoritative
record called the block
chain,
which doesn't permit any conflicting transactions. This is necessary
because without it people would be able to sign the same bitcoins
over to two
different recipients,
like writing cheques for more money than you have in your account.
The
block chain lets you know for sure exactly which transactions count
and can be trusted (so
no bad cheques!).
THIS IS YOUR PORTAL INTO THE WORLD OF BITCOIN-THE DIGITAL CURRENCY!!!
ADDITIONAL MONEY MAKING SITES:
Mary Howard
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Created on Dec 31st 1969 18:00. Viewed 0 times.