For this question of what backs Bitcoin, the easy answer is nothing. The longer difficult answer is scarcity, electricity, computing power, community, and use. Continue reading “What backs Bitcoin?”
People continue to ask about the value in Bitcoin and Crypto currencies. Crypto currencies are these new assets which are protected by cryptography which is a very secure system to protect information.
An Alt-coin generally means a Bitcoin clone with it’s own Block chain. I think that most Bitcoin fans have a favorite alt-coin. My favorite alt-coin is Maza (formerly known as Mazacoin). Continue reading “Maza: My favorite alt-coin”
There are many parts to Bitcoin and crypto-currencies that you should think about to understand Bitcoin.
I’m trying to figure out what I see in Bitcoin that others do not and describe it for you in writing. Continue reading “The Bitcoin Economy”
I regularly listen to the financial conspiracy theory crowds on Youtube. They offer interesting angles on ideas. There are a few of them that claim that Bitcoin is just another way to get the world to a cashless society.
There are several ways to earn bitcoin. You should find the best one for you, but do not limit yourself to that one way.
You should think of Bitcoin as a barter system. A lot of people don’t want to call it money, so maybe we should entertain that idea for a few minutes. Continue reading “Bitcoin – Think barter system.”
Have you used bitcoin before? You need to try it. It doesn’t cost hundreds of dollars to get started on your personal bitcoin empire. Continue reading “The foundation of your bitcoin empire.”