Bitcoin News written
by: harshad1Bitcoin News
A new digital currency world is changing recklessly with the Bitcoin. Bitcoin has created a new market for currency exchange. Although Bitcoin is being used by the user for its simple transaction, yet it makes the burning headlines. Moreover, Bitcoin is on the show once again with new trending and crispy NEWS.
Bitcoin faucet bot
As Bitcoin is growing up in the market so as its demand, this makes people desperate and curious to earn more Bitcoin as it gives them freedom to earn more money without much consuming less time. These faucets has created concern for many advertising companies, as it is welcoming spamming and creating a much valued brand in the market with just few clicks by users. Back then it was much awaited and incessant story but now it hardly plays any role because Bitcoin has already taken up the market. And due to this, it always covers the new story like:
Australian Startups Close Down as Banks End Support for Bitcoin
Australia’s biggest banks have abolished all its aid and have ordered to put off the bank accounts for at least 17 Bitcoin companies; out of this data 13 were permanently closed. Pertaining to this fact, the new start-up companies have started moving back as there is no hope of business. This has halted a new financial technology in the Australian market.
Anti-Virus Tycoon John McAfee Accepts Bitcoin for Presidential RunJohn Mcfee is all set to use digital currency for his upcoming election against the govt. Snooping and bureaucracy. He has proclaimed that he runs a party “cyber party” against govt. For that donations must be carried by the Bitcoin.
Nine Top Global Banks Pool Resources to Fund R3 to Develop Digital Currency Standards The R3 project is undertaken by the David Rutter, who was the CEO of electronic broking at ICAP. The top banks include Goldman Sachs, JPMorgan, Credit Suisse, Barclays, Commonwealth Bank of Australia, State Street, Royal Bank of Scotland (RBS), BBVA and UBS. Study: Google Searches Can Predict Bitcoin Trading Volume A new research Academics from the University of Cagliari has declared hone of Bitcoin. They had established new analogy between USD trading volume with Google. They said that the search keyword Bitcoin on Google is at the top point of clarifying market volumes. Dutch Central Bank Research Head 'Not Opposed' to Bitcoin Dutch central bank head had not directly opposed the digital current, apparently reflected its precipitation in future which might be good or bad. He stated that he welcomes digital currency, yet it needs some modification as it does not give secure and safe mode of payment and consumer protections as like traditional ones. Bitcoin Company Coin plug Raises $5 Million in Funding With the funding collected by the coin plug, it has been stated by the company CEO Ryan Uhr that he needs more development in its block chain based services. Foster more reliable and efficient medium of financial developing and will consider more banks in Korea. Nevertheless, he welcomes all the banks to be part of his joint venture to change the rake of block chain services.
by: harshad1Bitcoin News
A new digital currency world is changing recklessly with the Bitcoin. Bitcoin has created a new market for currency exchange. Although Bitcoin is being used by the user for its simple transaction, yet it makes the burning headlines. Moreover, Bitcoin is on the show once again with new trending and crispy NEWS.
Bitcoin faucet bot
As Bitcoin is growing up in the market so as its demand, this makes people desperate and curious to earn more Bitcoin as it gives them freedom to earn more money without much consuming less time. These faucets has created concern for many advertising companies, as it is welcoming spamming and creating a much valued brand in the market with just few clicks by users. Back then it was much awaited and incessant story but now it hardly plays any role because Bitcoin has already taken up the market. And due to this, it always covers the new story like:
Australian Startups Close Down as Banks End Support for Bitcoin
Australia’s biggest banks have abolished all its aid and have ordered to put off the bank accounts for at least 17 Bitcoin companies; out of this data 13 were permanently closed. Pertaining to this fact, the new start-up companies have started moving back as there is no hope of business. This has halted a new financial technology in the Australian market.
Anti-Virus Tycoon John McAfee Accepts Bitcoin for Presidential RunJohn Mcfee is all set to use digital currency for his upcoming election against the govt. Snooping and bureaucracy. He has proclaimed that he runs a party “cyber party” against govt. For that donations must be carried by the Bitcoin.
Nine Top Global Banks Pool Resources to Fund R3 to Develop Digital Currency Standards The R3 project is undertaken by the David Rutter, who was the CEO of electronic broking at ICAP. The top banks include Goldman Sachs, JPMorgan, Credit Suisse, Barclays, Commonwealth Bank of Australia, State Street, Royal Bank of Scotland (RBS), BBVA and UBS. Study: Google Searches Can Predict Bitcoin Trading Volume A new research Academics from the University of Cagliari has declared hone of Bitcoin. They had established new analogy between USD trading volume with Google. They said that the search keyword Bitcoin on Google is at the top point of clarifying market volumes. Dutch Central Bank Research Head 'Not Opposed' to Bitcoin Dutch central bank head had not directly opposed the digital current, apparently reflected its precipitation in future which might be good or bad. He stated that he welcomes digital currency, yet it needs some modification as it does not give secure and safe mode of payment and consumer protections as like traditional ones. Bitcoin Company Coin plug Raises $5 Million in Funding With the funding collected by the coin plug, it has been stated by the company CEO Ryan Uhr that he needs more development in its block chain based services. Foster more reliable and efficient medium of financial developing and will consider more banks in Korea. Nevertheless, he welcomes all the banks to be part of his joint venture to change the rake of block chain services.
Bitcoin Billionaire - Tips and Tricks written by: rahul_narayan
People who enjoy playing make-money concept games online, would surely love ' Bitcoin Billionaire ', which brings an innovative idea in addition to the classic, tapping the screen, type of game. This is basically a game where you get a chance to increase your virtual bitcoin wealth day by day. Initially the players start off with nothing but a small computer and desk. Through click mining, the players need to collect the virtual bitcoins, save them bit by bit, until it is good enough to be reinvested on a business, like opening an entertainment store or an art gallery. Thus, you progress in the game through your choice of investments and your money minting ideas.
While it may be a bit difficult for starters to go about building their wealth, here is a list of "Bitcoin Billionaire Cheats", or, as I would like to call it, the "Tips and Tricks" of the game, which the players are gonna love to use and is sure to get them attached to the game. :-
> The Tasks : Initially, when you start up with the game, a set of pre defined tasks are set up for you to complete. While it may seem boring and draggy, the key to setting up the game is to patiently complete each of these individual tasks. Once the base is set, the player gets to own their moves and can take the game in their own direction.
> The Upgrades Trick : As and when you start the game, you would surely have to spend a lot of time, tapping on the screen, in order to mine the bitcoins. It makes sense for you to invest these collected assets onto the Upgrades section. This would likely provide you with the tools to enhance your business skills and the rate of progress increases multifold.
> The Long Term Investments : In order to make profitable use of the phone's idle time, make use of the Investment features of the game. There are sure to be many options to invest on, but I would suggest choosing the one which is most expensive. This upgrade would serve you on the long run. All you have to do is open the app and put it aside. This upgrade on investment, would mint you tons of money, with least work to do. This feature is worth investing on.
> A Cheat For Investment : The player would surely take a long time to get established in the game. So, a trick for the beginner would be to switch your phone to no-sleep mode. Connecting it to a charger, keep the app started on for a night. The next morning you would the notice the increase in your bitcoins. But, for this step to work, the previous Investment-upgrade step needs to be done.
> Watch The Video : When you get a bad draw of card, or you earn a reward, take time to make use of the watch-video option. In the former case, it would help you escape penalty, while in the latter case, it would double the earnings. Thus in both the cases it is a win-win situation.
> Keep you hands active and use all the fingers to mine those bitcoins as they are not easily earned. Also open up the flying box and emails regularly to earn the hyperbits and bonuses.
Overall, the game is filled with fun and gets addictive as you play. Use the tricks and tips to successfully stay in the game. Good Luck!
People who enjoy playing make-money concept games online, would surely love ' Bitcoin Billionaire ', which brings an innovative idea in addition to the classic, tapping the screen, type of game. This is basically a game where you get a chance to increase your virtual bitcoin wealth day by day. Initially the players start off with nothing but a small computer and desk. Through click mining, the players need to collect the virtual bitcoins, save them bit by bit, until it is good enough to be reinvested on a business, like opening an entertainment store or an art gallery. Thus, you progress in the game through your choice of investments and your money minting ideas.
While it may be a bit difficult for starters to go about building their wealth, here is a list of "Bitcoin Billionaire Cheats", or, as I would like to call it, the "Tips and Tricks" of the game, which the players are gonna love to use and is sure to get them attached to the game. :-
> The Tasks : Initially, when you start up with the game, a set of pre defined tasks are set up for you to complete. While it may seem boring and draggy, the key to setting up the game is to patiently complete each of these individual tasks. Once the base is set, the player gets to own their moves and can take the game in their own direction.
> The Upgrades Trick : As and when you start the game, you would surely have to spend a lot of time, tapping on the screen, in order to mine the bitcoins. It makes sense for you to invest these collected assets onto the Upgrades section. This would likely provide you with the tools to enhance your business skills and the rate of progress increases multifold.
> The Long Term Investments : In order to make profitable use of the phone's idle time, make use of the Investment features of the game. There are sure to be many options to invest on, but I would suggest choosing the one which is most expensive. This upgrade would serve you on the long run. All you have to do is open the app and put it aside. This upgrade on investment, would mint you tons of money, with least work to do. This feature is worth investing on.
> A Cheat For Investment : The player would surely take a long time to get established in the game. So, a trick for the beginner would be to switch your phone to no-sleep mode. Connecting it to a charger, keep the app started on for a night. The next morning you would the notice the increase in your bitcoins. But, for this step to work, the previous Investment-upgrade step needs to be done.
> Watch The Video : When you get a bad draw of card, or you earn a reward, take time to make use of the watch-video option. In the former case, it would help you escape penalty, while in the latter case, it would double the earnings. Thus in both the cases it is a win-win situation.
> Keep you hands active and use all the fingers to mine those bitcoins as they are not easily earned. Also open up the flying box and emails regularly to earn the hyperbits and bonuses.
Overall, the game is filled with fun and gets addictive as you play. Use the tricks and tips to successfully stay in the game. Good Luck!
Bitcoin price prediction, and why it will not collapse by the end of the year written by: JoJoWriter
When it comes down to speculating the price of Bitcoin during the next few years, there are many conflicting stories to be read, depending on whose point of view you read. Opinion really is divided on the future of this Cryptocurrency. You have those who believe that the value of the Bitcoin is due to collapse and are predicting its financial ruin in the not so near future. But is this really true? What is this assumption based upon?
The reason behind this quite frankly misinformed assumption is that the value of the Bitcoin in the past has been incredibly unstable. This is a fact that cannot be ignored. For example in 2013 the price of the Bitcoin rose by an impressive 8.5 percent only to then drop by a staggering 85 percent in January 2015. So many speculators and those in the financial industries are indeed predicting its financial demise, but to do so is inaccurate.
So where does the future lie when it comes down to Bitcoin price prediction? Well the future is very promising.
Although it is true that the value of the Bitcoin plummeted during 2015, this fact cannot be used to predict its financial future. This is because although the Bitcoin has been around now for several years, it is only now that it is really starting to be accepted and more widely used, especially by new businesses and entrepreneurs. This is where it's true financial future lies.
As well as businesses and new start ups embracing the Bitcoin, it would also appear that many banks are now taking on board the usefulness and importance of the Bitcoin. In fact 22 banks have recently initialized new pilot projects that harness this new digital technology.
Its financial stability and security is further emphasized by a recently published report by Wedbush Securities. They have predicted that the price of Bitcoin will rise by as much as $400 during the next 12 months. The report also goes on to add that Bitclin could be responsible for as much as 10 percent of all online payment transactions by 2025. This prediction simply cannot be ignored in the important role that Bitcoin will play in global financial transactions.
The head of research at DNB ( De Nederlandsche Bank) Jakob de Haan recently stated that although he is not an expert in the Cryptocurrency, the bank's researchers are closely following its development to see where its financial future lies. It was also made apparent that the bank is not opposed to Bitcoin. He did however make an important point in that the use of this digital currency is not as protected for the consumer as regular money. This is were Bitcoin needs to make improvements in order to gain the trust of the ordinary consumer.
In essence, at present the value of the Bitcoin is extremely undervalued, and it will only be during the next few years that we will see its true value emerge.
So it would appear that the Bitcoin really is here to stay and that its financial security will be stronger than ever before.
When it comes down to speculating the price of Bitcoin during the next few years, there are many conflicting stories to be read, depending on whose point of view you read. Opinion really is divided on the future of this Cryptocurrency. You have those who believe that the value of the Bitcoin is due to collapse and are predicting its financial ruin in the not so near future. But is this really true? What is this assumption based upon?
The reason behind this quite frankly misinformed assumption is that the value of the Bitcoin in the past has been incredibly unstable. This is a fact that cannot be ignored. For example in 2013 the price of the Bitcoin rose by an impressive 8.5 percent only to then drop by a staggering 85 percent in January 2015. So many speculators and those in the financial industries are indeed predicting its financial demise, but to do so is inaccurate.
So where does the future lie when it comes down to Bitcoin price prediction? Well the future is very promising.
Although it is true that the value of the Bitcoin plummeted during 2015, this fact cannot be used to predict its financial future. This is because although the Bitcoin has been around now for several years, it is only now that it is really starting to be accepted and more widely used, especially by new businesses and entrepreneurs. This is where it's true financial future lies.
As well as businesses and new start ups embracing the Bitcoin, it would also appear that many banks are now taking on board the usefulness and importance of the Bitcoin. In fact 22 banks have recently initialized new pilot projects that harness this new digital technology.
Its financial stability and security is further emphasized by a recently published report by Wedbush Securities. They have predicted that the price of Bitcoin will rise by as much as $400 during the next 12 months. The report also goes on to add that Bitclin could be responsible for as much as 10 percent of all online payment transactions by 2025. This prediction simply cannot be ignored in the important role that Bitcoin will play in global financial transactions.
The head of research at DNB ( De Nederlandsche Bank) Jakob de Haan recently stated that although he is not an expert in the Cryptocurrency, the bank's researchers are closely following its development to see where its financial future lies. It was also made apparent that the bank is not opposed to Bitcoin. He did however make an important point in that the use of this digital currency is not as protected for the consumer as regular money. This is were Bitcoin needs to make improvements in order to gain the trust of the ordinary consumer.
In essence, at present the value of the Bitcoin is extremely undervalued, and it will only be during the next few years that we will see its true value emerge.
So it would appear that the Bitcoin really is here to stay and that its financial security will be stronger than ever before.
WHAT YOU NEED TO KNOW ABOUT BITCOINS
by: kennedyNzomo
There is a lot of talk on bitcoins and altcoins.But do you really know what they are?how they work?Are they one and the same thing?In the next few minutes Im gonna explain to you about them.Hope you stay with me.I promise I won't use much jargon.I will explain it in layman's language.Lets get started!!!
WHAT IS A BITCOIN
Bitcoin was the first crptocurrency to be created -back in the year 2009.It was created by Satoshi Nakamoto.
All crptocurrencies are based on one of two proofs :proof-of-work system and proof-of-stake system.
Bitcoin uses the proof-of-work system.Another fact about bitcoin is that it is the biggest cryptocurrency in terms of acceptance ,volume and market capitalization.
WHY USE BITCOINS?
Bitcoins have a few advantages over normal currency.This makes them to gain an upper hand and who knows that maybe in the next 5 years that the whole world will use one currency -The bitcoin?
The first advantage is that using bitcoins you can buy and sell goods anonymously.How?I'll tell you in a moment.
Second advantage is that it is easy to transact internationally because bitcoins are not tied down to any country -it isn't a euro,neither is it a dollar,yen ,pound e.t.c.
Thirdly is that bitcoins don't charge credit card fee.Meaning?Small businnesses can even use them.
The fourth advantage is that no government has any control over bitcoins ,thus they are decentralized.They cryptography employed in the creation also means that they decrease in production over time hence increasing their market value unlike financial entities that can always create more currency leading to inflation.Thus bitcoins can't result in inflation.
HOW DO YOU OWN BITCOINS?
Bitcoins exist either in a cloud or in a user's pc.They are stored in what is called a "digital wallet".
A digital wallet is like a virtual bank account.So you can carry all activities carried in a bank account the only difference will be it isn't physical.You own bitcoins through what is called "bitcoin mining".This mining is carried out by members of the general public and who have ASIC machines or have set up their PCs to participate in the validation process.
USER PRIVACY?
There is anonymity in all the transactions you carry with a bitcoin.Though all the transactions carried out are monitored , buyers' and sellers' names are never disclosed.So it's entirely safe.
ALTCOIN -WHAT IS IT?
It is simply what we call cryptocurrency.A cryptocurrency is a protocol just like the HTTP or HTTPS.It also means that it is a medium of exchange designed for exchanging digital information made possible by some principles of cryptography.
Cryptography is used to secure bitcoin transactions and also regulates creation of new coins.
The first altcoin was Namecoin -released in 2011.But the most successful was Litecoin which was released late 2011.Litecoin used scrypt making miners to mine it without having to purchase ASIC machines.
SITES OFFERING CRYPTOCURRENCY SERVICES
There are a host of sites you can get information on cryptocurrencies as well as monitoring their market cap.Some include: Thebitcoinbulletin.com,BankMyBitcoin.com,BitcoinRoyalty.com.
It's time you gave bitcoin a shot.BEST OF LUCK.
by: kennedyNzomo
There is a lot of talk on bitcoins and altcoins.But do you really know what they are?how they work?Are they one and the same thing?In the next few minutes Im gonna explain to you about them.Hope you stay with me.I promise I won't use much jargon.I will explain it in layman's language.Lets get started!!!
WHAT IS A BITCOIN
Bitcoin was the first crptocurrency to be created -back in the year 2009.It was created by Satoshi Nakamoto.
All crptocurrencies are based on one of two proofs :proof-of-work system and proof-of-stake system.
Bitcoin uses the proof-of-work system.Another fact about bitcoin is that it is the biggest cryptocurrency in terms of acceptance ,volume and market capitalization.
WHY USE BITCOINS?
Bitcoins have a few advantages over normal currency.This makes them to gain an upper hand and who knows that maybe in the next 5 years that the whole world will use one currency -The bitcoin?
The first advantage is that using bitcoins you can buy and sell goods anonymously.How?I'll tell you in a moment.
Second advantage is that it is easy to transact internationally because bitcoins are not tied down to any country -it isn't a euro,neither is it a dollar,yen ,pound e.t.c.
Thirdly is that bitcoins don't charge credit card fee.Meaning?Small businnesses can even use them.
The fourth advantage is that no government has any control over bitcoins ,thus they are decentralized.They cryptography employed in the creation also means that they decrease in production over time hence increasing their market value unlike financial entities that can always create more currency leading to inflation.Thus bitcoins can't result in inflation.
HOW DO YOU OWN BITCOINS?
Bitcoins exist either in a cloud or in a user's pc.They are stored in what is called a "digital wallet".
A digital wallet is like a virtual bank account.So you can carry all activities carried in a bank account the only difference will be it isn't physical.You own bitcoins through what is called "bitcoin mining".This mining is carried out by members of the general public and who have ASIC machines or have set up their PCs to participate in the validation process.
USER PRIVACY?
There is anonymity in all the transactions you carry with a bitcoin.Though all the transactions carried out are monitored , buyers' and sellers' names are never disclosed.So it's entirely safe.
ALTCOIN -WHAT IS IT?
It is simply what we call cryptocurrency.A cryptocurrency is a protocol just like the HTTP or HTTPS.It also means that it is a medium of exchange designed for exchanging digital information made possible by some principles of cryptography.
Cryptography is used to secure bitcoin transactions and also regulates creation of new coins.
The first altcoin was Namecoin -released in 2011.But the most successful was Litecoin which was released late 2011.Litecoin used scrypt making miners to mine it without having to purchase ASIC machines.
SITES OFFERING CRYPTOCURRENCY SERVICES
There are a host of sites you can get information on cryptocurrencies as well as monitoring their market cap.Some include: Thebitcoinbulletin.com,BankMyBitcoin.com,BitcoinRoyalty.com.
It's time you gave bitcoin a shot.BEST OF LUCK.
Understanding the Altcoins
by: LornaSue
Altcoins are simply alternative cryptocurrencies to bitcoin. A cryptocurrency can generally be defined as a digital currency whose verification of funds transfer and generation of currency units is done through encryption techniques. Cryptocurrencies are not regulated by any Central Bank in the world; they are just regulated by the encryption techniques. The most popular of them all in the world today is the Bitcoin. The growth of bitcoin gave rise to a good number of altcoins which include the dogecoin and the primecoin.
Bitcoin was the pioneer cryptocurrency and it was said to have been created by an anonymous individual by the name of Sakoshi Nakamoto. It was created back in 2009 and today it has a coin supply of approximately 13,000,000 worldwide. It has however been seen to be deflationary resulting in people looking at it more as an asset rather than a currency. This is because it has the potential to get great gains in value within a short time; its value can rise from $0 to $620 in just one day. People thus prefer to hold it as a form of speculative investment instead of spend it as a currency.
This was one of the major reasons that led to the invention of the altcoins. The argument was that bitcoin is quite difficult to 'mine'. The word 'mine' in this case simply refers to the coin creation process; a certain algorithm is normally used to mine these coins. This difficulty in mining has been cited as one of the reasons behind the high value of the bitcoin. The developers of altcoins were looking to come up with coins that are easier to mine thus would be easy to access. This would make them more viable for use as a currency. Bitcoin also tends to have very high transaction fees and they were looking to find ways of reducing these transaction costs. There were quite a number of other reasons that were given for the creation of these alternatives. Theoretically, the creators argued that they could test a number of new features on the alternative coin and then import them to bitcoin if they worked well.
In a nutshell, the main aim of introducing altcoins was to bring into the market cryptocurrencies that are easier to access and use. This was definitely not a bad idea. Some problems have however been encountered as a good number of scammers have come out to make a quick buck out of this idea. Cases have been reported of developers of various coins disappearing with people's money, computer hackers robbing people of their coins and even exchange sites for these coins closing down.
At the end of the day, one fact remains clear; the cryptocurrency world is one that is growing very fast and many new inventions and technologies are being brought into it. A good number of people have made lots of money from it and many other people have also lost lots of money in it. At the moment, the altcoins are not a bad idea but please bear in mind that they are still highly speculative; you could end up losing everything you have invested in them.
by: LornaSue
Altcoins are simply alternative cryptocurrencies to bitcoin. A cryptocurrency can generally be defined as a digital currency whose verification of funds transfer and generation of currency units is done through encryption techniques. Cryptocurrencies are not regulated by any Central Bank in the world; they are just regulated by the encryption techniques. The most popular of them all in the world today is the Bitcoin. The growth of bitcoin gave rise to a good number of altcoins which include the dogecoin and the primecoin.
Bitcoin was the pioneer cryptocurrency and it was said to have been created by an anonymous individual by the name of Sakoshi Nakamoto. It was created back in 2009 and today it has a coin supply of approximately 13,000,000 worldwide. It has however been seen to be deflationary resulting in people looking at it more as an asset rather than a currency. This is because it has the potential to get great gains in value within a short time; its value can rise from $0 to $620 in just one day. People thus prefer to hold it as a form of speculative investment instead of spend it as a currency.
This was one of the major reasons that led to the invention of the altcoins. The argument was that bitcoin is quite difficult to 'mine'. The word 'mine' in this case simply refers to the coin creation process; a certain algorithm is normally used to mine these coins. This difficulty in mining has been cited as one of the reasons behind the high value of the bitcoin. The developers of altcoins were looking to come up with coins that are easier to mine thus would be easy to access. This would make them more viable for use as a currency. Bitcoin also tends to have very high transaction fees and they were looking to find ways of reducing these transaction costs. There were quite a number of other reasons that were given for the creation of these alternatives. Theoretically, the creators argued that they could test a number of new features on the alternative coin and then import them to bitcoin if they worked well.
In a nutshell, the main aim of introducing altcoins was to bring into the market cryptocurrencies that are easier to access and use. This was definitely not a bad idea. Some problems have however been encountered as a good number of scammers have come out to make a quick buck out of this idea. Cases have been reported of developers of various coins disappearing with people's money, computer hackers robbing people of their coins and even exchange sites for these coins closing down.
At the end of the day, one fact remains clear; the cryptocurrency world is one that is growing very fast and many new inventions and technologies are being brought into it. A good number of people have made lots of money from it and many other people have also lost lots of money in it. At the moment, the altcoins are not a bad idea but please bear in mind that they are still highly speculative; you could end up losing everything you have invested in them.
In the End, Bitcoin will Change the World Incredibly
by Daniel Nyairo
TheBitcoinBulletin.com - Right now you cannot pop into any store down the street, add stuff to a shopping cart and expect the cashier behind the counter to accept Bitcoin for payment, at least not yet. There are currently only about 100,000 places globally, both online and offline, where you can pay with Bitcoin.
And it is not only the merchants who aren’t touching cryptocurrencies in large numbers. Ordinary shoppers anywhere around the world still believe fiat currency is the best deal there is. In fact, not even a quarter of the world population in 2015 has an idea of cryptocurrency.
According to Coindesk’s 2015 second quarter State of bitcoin, there are slightly over 9 million wallets in use. Even with the assumption that behind each of those wallets is one user, even though a single Bitcoin user often has a multiple of wallets, this is a drop in the ocean in a world with a population of about 8 billion people.
Still Bitcoin is revolutionary
However, even on this backdrop, it is still pragmatic to hold the view that in a few years to come, the world will not be the same place it has been for thousands of years, financially and technologically speaking, thanks to Bitcoin.
The cryptocurrency is not only challenging the idea of money but also offering the best payment method fit for the 21st century. When fiat money came into being, there was no internet, and thus there was no need for fast transactions across the globe.
While it takes even days to move money using traditional payment methods from one part of the world to the other, it takes only a few minutes to do the same with Bitcoin.
Aside from helping to move value fast across the globe, Bitcoin offers a reduction of the cost of both remittance and banking services by up to 90%. This is made possible by the fact that the peer to peer network that facilitates Bitcoin transactions does not rely solely on charges to senders of money. Their cost and profit is catered for through the reward of new bitcoins, otherwise referred to as mining.
Benefits to the economy
Even in the event that the mining comes to an end, which will happen about the year 2140, Bitcoin network’s economies of large scale and new ways of handling value will continue keeping the cost of transactions significantly low.
Also the fact that users do not have to connect their physical identities to bitcoin wallets ensures that their privacy on the network is safeguarded.
Bitcoin is not just a digital currency. It is an ecosystem that includes many sectors. Aside from developers who continue to design and maintain the core software and miners who maintain the blockchain, other entities attached to the cryptocurrencies have developed over time.
By September 2015, Angel.co a website that matches startups and investors, had about 765 Bitcoin startups registered with it, from exchanges to ATM companies. That signifies that there are many people working on the ecosystem in all roles you can imagine of; right from developers, entrepreneurs, executives, designers to journalists.
Other opportunities
Andreas Antonopoulos, a Bitcoin enthusiast, expert and author of the book Mastering Bitcoin: Unlocking Digital Cryptocurrencies, has been quoted saying that if Bitcoin does not ever get mass adoption, the Blockchain on which it runs will sure get acceptance.
Indeed, to really understand how Bitcoin is going to change the world you should not stop at looking at it as a currency. You need also to recognize the technology underneath it; the blockchain.
The blockchain is the public ledger on which all Bitcoin transactions are entered, and thus ownership and expenditure is authenticated. Unlike other forms of ledgers ever used, the Blockchain is decentralized and immutable thus no adversary can have their way.
The blockchain is applicable in more sectors than you can think of. New applications built on it are coming up each passing day. Notable examples include Nasdaq using the distributed ledger for trading shares in private companies.
Indeed, it is fair to take the view that the blockchain technology in 2015 is at the stage where the internet was in the early 1990s. Where it will be twenty years from now is hard for many of us to imagine, just as many 1992 could not comprehend what the internet would be doing in 2015.
Bitcoin and Bitcoin Prices
written by: MemeAntonina
TheBitcoinBulletin.com- Since its discovery in 2009, Bitcoin has over the years gained popularity among people. Bitcoin is a digital currency which uses cryptographic keys that is, mathematical equations to influence and control money creation and its transfer. Bitcoin does not need a clearing store or warehouse has transactions can be made on a desktop, personal computer, smartphone or tablet. This transactions are passed and ratified collectively by a grid of users.
Bitcoin is created through a process called 'Bitcoin mining’. This is done by people (miner) using a mining software. Computers installed with this software help solve the composite bitcoin algorithms and also approve the transactions done with bitcoin. The miners are given transaction fees and consequently new bitcoins are produced from the algorithm solving.
Bitcoin prices are of great interest to anyone who wishes to use bitcoin. Its prices are not stable and therefore important to keep up to date with its changes. There has been noteworthy booms and recessions in bitcoin prices over the years. In 2013, a huge peak was experienced where many people became bitcoin millionaires due to rapid increase in price. It is therefore paramount to keep up with the bitcoin news for anyone who has some bitcoins in their digital wallet.
With Bitcoin one is able to transact without revealing one’s name and maintains anonymity unless otherwise. Only their wallet IDs are disclosed. This keeps bitcoin users’ businesses private and confidential. It is also not possible to trace back a dealing to a person. It therefore greatly favors people who wish to not publicize themselves and their transactions.
Trading of bitcoins in marketplaces referred to as 'bitcoin exchanges’ enable the buying and selling of bitcoins by use of different currencies at different bitcoin prices. The chief bitcoin exchange market is Mt. Gox. Buying of goods and services is also possible and easier with the use of bitcoin. One can for example order take out and a pay in form of bitcoins.
Transferability is also another characteristic of bitcoin. People can send and receive bitcoins to and from each other through mobile applications and computers. Buying of foreign luxury items is more suitable using bitcoin. This is because the items are not taxed since they do not pass through government hence cheaper and is faster because there are no complex procedures to be followed as is the case with importations involving government.
Receivers in bitcoin exchanges enjoy the privilege of irreversibility. One cannot immediately reverse a bitcoin transaction once it is performed. This is advantageous to receivers as one cannot just take back payment paid. Bitcoin public ledger is available and can be accessed by all making information on bitcoin prices reachable to anyone and helps prevent fraud.
Recently Bitcoin received a solid endorsement from PayPal. This commendation has vastly increased the confidence of people in its credibility as a dependable alternative to banking and use of cash for transactions. This also has great influence on the bitcoin prices making them more favorable. PayPal’s support also pacifies blockchain critics by assuring them of security and least vulnerability of bitcoin to hackers.
written by: MemeAntonina
TheBitcoinBulletin.com- Since its discovery in 2009, Bitcoin has over the years gained popularity among people. Bitcoin is a digital currency which uses cryptographic keys that is, mathematical equations to influence and control money creation and its transfer. Bitcoin does not need a clearing store or warehouse has transactions can be made on a desktop, personal computer, smartphone or tablet. This transactions are passed and ratified collectively by a grid of users.
Bitcoin is created through a process called 'Bitcoin mining’. This is done by people (miner) using a mining software. Computers installed with this software help solve the composite bitcoin algorithms and also approve the transactions done with bitcoin. The miners are given transaction fees and consequently new bitcoins are produced from the algorithm solving.
Bitcoin prices are of great interest to anyone who wishes to use bitcoin. Its prices are not stable and therefore important to keep up to date with its changes. There has been noteworthy booms and recessions in bitcoin prices over the years. In 2013, a huge peak was experienced where many people became bitcoin millionaires due to rapid increase in price. It is therefore paramount to keep up with the bitcoin news for anyone who has some bitcoins in their digital wallet.
With Bitcoin one is able to transact without revealing one’s name and maintains anonymity unless otherwise. Only their wallet IDs are disclosed. This keeps bitcoin users’ businesses private and confidential. It is also not possible to trace back a dealing to a person. It therefore greatly favors people who wish to not publicize themselves and their transactions.
Trading of bitcoins in marketplaces referred to as 'bitcoin exchanges’ enable the buying and selling of bitcoins by use of different currencies at different bitcoin prices. The chief bitcoin exchange market is Mt. Gox. Buying of goods and services is also possible and easier with the use of bitcoin. One can for example order take out and a pay in form of bitcoins.
Transferability is also another characteristic of bitcoin. People can send and receive bitcoins to and from each other through mobile applications and computers. Buying of foreign luxury items is more suitable using bitcoin. This is because the items are not taxed since they do not pass through government hence cheaper and is faster because there are no complex procedures to be followed as is the case with importations involving government.
Receivers in bitcoin exchanges enjoy the privilege of irreversibility. One cannot immediately reverse a bitcoin transaction once it is performed. This is advantageous to receivers as one cannot just take back payment paid. Bitcoin public ledger is available and can be accessed by all making information on bitcoin prices reachable to anyone and helps prevent fraud.
Recently Bitcoin received a solid endorsement from PayPal. This commendation has vastly increased the confidence of people in its credibility as a dependable alternative to banking and use of cash for transactions. This also has great influence on the bitcoin prices making them more favorable. PayPal’s support also pacifies blockchain critics by assuring them of security and least vulnerability of bitcoin to hackers.
Earn Bitcoins as you Search
written by: rahul_narayan
TheBitcoinBulletin.com- Using internet and search engines to find information, has become a part of the daily activity of people, all around the world. Now, SearchTrade, a new start-up, has come up with the innovative idea of rewarding the users, who use the search engines which come under their base. The surfers, will earn in satoshis, as they search.( 10,00,000 satoshis make up a bitcoin )
To add a professional touch, the users will be able buy keywords. By doing this, they get an opportunity to earn more bitcoins, when other people use that keyword in their search. SearchTrade would also provide a common platform to by and sell the keywords, in open market. Even before the actual sale activity has started, SearchTrade has been able to sell around 400 keywords. Commonly used and currently trending words like 'from', 'when' , 'college' , 'what' have already been sold at whopping prices. The live market prices of each bitcoin is around 14,000 to 15,000 INR.
The CEO of SearchTrade, Vishal Gupta, firmly states that internet search is the most commonly used activity. Everyone uses it, on a daily basis and also at very frequent intervals. So, there is more finance and money flowing in search engines, compared to other social media sites. SearchTrade is built to share these resources, even to the benefit of the users.
He also extends his statements, to explain how exactly the idea works. All the money collected through the keyword sales, through ad agencies and also renewal of keywords , would be pooled together. This, will be used to pay the people using the search engines, in satoshis. As the base widens and the number of people using the service increases, the pooling and distribution will expand. Also, around 25 % of the pooled income, would be reserved and only the rest is redistributed. This would ensure that the activity would carry out throughout the year, benefiting both the company, as well as the user. Thus, the average pay out would be calculated on a daily basis.
The start-up is expected to be launched soon and the resources collected in before the actual sale would be pooled into the common platform, comprising of the users, the keyword owners, the shareholders and the company as well. The CEO hopes to take off the idea as soon as possible.
Another interesting thing about SearchTrade, is the involvement of the app developers. Vishal Gupta, openly invites the app developers to develop apps, through which the search activity of the users and the search engines under the companies base, are integrated. Hundreds of different apps are expected to be built to suit the needs. Vishal Gupta, also promises to add a variety of search engines under their base such that it does not inconvenience the user activities and preferences. The app developers enjoy further benefits, as they will be paid for every user, who uses their app to search, irrespective of whether they are registered under SearchTrade or not. Further, there is also a limit to the number of searches, per user, per day.
This is the trending bitcoins news of the day, expected to raise attention in the coming days.
written by: rahul_narayan
TheBitcoinBulletin.com- Using internet and search engines to find information, has become a part of the daily activity of people, all around the world. Now, SearchTrade, a new start-up, has come up with the innovative idea of rewarding the users, who use the search engines which come under their base. The surfers, will earn in satoshis, as they search.( 10,00,000 satoshis make up a bitcoin )
To add a professional touch, the users will be able buy keywords. By doing this, they get an opportunity to earn more bitcoins, when other people use that keyword in their search. SearchTrade would also provide a common platform to by and sell the keywords, in open market. Even before the actual sale activity has started, SearchTrade has been able to sell around 400 keywords. Commonly used and currently trending words like 'from', 'when' , 'college' , 'what' have already been sold at whopping prices. The live market prices of each bitcoin is around 14,000 to 15,000 INR.
The CEO of SearchTrade, Vishal Gupta, firmly states that internet search is the most commonly used activity. Everyone uses it, on a daily basis and also at very frequent intervals. So, there is more finance and money flowing in search engines, compared to other social media sites. SearchTrade is built to share these resources, even to the benefit of the users.
He also extends his statements, to explain how exactly the idea works. All the money collected through the keyword sales, through ad agencies and also renewal of keywords , would be pooled together. This, will be used to pay the people using the search engines, in satoshis. As the base widens and the number of people using the service increases, the pooling and distribution will expand. Also, around 25 % of the pooled income, would be reserved and only the rest is redistributed. This would ensure that the activity would carry out throughout the year, benefiting both the company, as well as the user. Thus, the average pay out would be calculated on a daily basis.
The start-up is expected to be launched soon and the resources collected in before the actual sale would be pooled into the common platform, comprising of the users, the keyword owners, the shareholders and the company as well. The CEO hopes to take off the idea as soon as possible.
Another interesting thing about SearchTrade, is the involvement of the app developers. Vishal Gupta, openly invites the app developers to develop apps, through which the search activity of the users and the search engines under the companies base, are integrated. Hundreds of different apps are expected to be built to suit the needs. Vishal Gupta, also promises to add a variety of search engines under their base such that it does not inconvenience the user activities and preferences. The app developers enjoy further benefits, as they will be paid for every user, who uses their app to search, irrespective of whether they are registered under SearchTrade or not. Further, there is also a limit to the number of searches, per user, per day.
This is the trending bitcoins news of the day, expected to raise attention in the coming days.