Feeds:
Posts
Comments

Posts Tagged ‘Satoshi Square’s’


Bitcoin open source code is one of the greatest inventions ever made in the history of the entire world. It can’t be traced, stolen, duplicated, hacked or blownup. It is totally decentralized, no governments can control it. It is for the people, of the people, to use as they wish. Decentralization is one of my new favorite words. Government and banks control everything and I mean everything. Bitcoin open source, encryption, 3d printers and also the Tor project can get them off our backs (once and for all) if they are used the right way! We have now entered a Brave New World. Who ever invented the Cryptography for bitcoin is brilliant. It is thought to be someone named Satoshi Nakamoto, although it could be another person or even a group of people. I don’t really care who invented it…could have been the Andromeda council or a mad mathematician. Its simply brilliant!! Crypt-currencies are the wave of the future. I own some bitcoins and litecoins and plan on getting much more. The dollar is DONE!! It’s just a matter of time.

mastering_bitcoinThere are dozens of other “AltCoins” – variations of the Bitcoin software and network, with different goals and modifications. I have listed some below.

● NMC – Namecoin

● PPC – PPCoin (Peercoin)

● DVC – Devcoin

● TRC – Terracoin

● BTE – Bytecoin

● IXC – Ixcoin

● FRC – Freicoin

None of these are really as significant as LTC and BTC.

● LTC – Litecoin

● NVC – Novacoin

● FTC – FeatherCoin

● MNC – MinCoin

● BBQ – BBQcoin

● CNC – CHNCoin

● BTB – BitBar

Central bank manipulation of currencies will be over soon, probably within the next 5 years or maybe sooner. One or a few of these Crypto currencies will make it to the big time. The genie is out of the bottle! It’s decentralized so it will be hard for governments to stop it. Especially since the Untied states can’t blow it up. Missiles or drones don’t work here. The Untied States seems to be going hard after exchanges like Mt Gox and others. This crypto-currency system is p2p (peer to peer) just like cash changes from hand to hand. The face to face deals are more important that than the transactions processed using the big exchanges. The Government is trying hard to regulate crypto-currencies to try to get some tax money, because the currency exchanges will be required to register as a money transmitter. They can’t really regulate this, but they may scare some big exchanges for a little while. That will end when the banks go poof in the night.

The individual or p2p is the best way when you trade your money, gold, baseball cards, or whatever.

When the deal is done it goes straight in to your encrypted wallet and nobody is the wiser. And here is the best part, even if the FBI grabs your computer or cellphone. It will take them at best 6 months or so to crack the encryption. And when and if they find it, it will be nothing but a bunch of random numbers that they could never really use against you. Bitcoin keeps you anonymous if you want to be. There are also some other tricks to help you remain anonymous, I will talk about them later.

Satoshi Square, Craigslist, Starbucks, Small exchanges called Satoshi Squares where you can meet people face to face, and work out deals (to me) is the best way. Once the deal is done it’s in the wallet for a small fee, if you want it that way. You can also pick up free bitcoin from the internet, there are lot of giveaways that are not hard to find if you really want some. You will usually only pick up small amounts of bitcoin, but If you are at home with no job, or have a lot of time on your hands then why not go for it. If bitcoin goes up big then than small amount of bitcoins can turn in to something big. It just takes a little hard work. I pickup a lot of bitcoin this way, little by little, bitcoin was around 100 dollars, at the time that I wrote this article. Then I bought a few litecoins, which was around 2 dollars at the time. Litecoin has gone up a little since then around 67 cents, but if it goes to like 10 dollars or so that’s nice money and free money, for just a little of my time. You can also get people to donate to your website or blog. just put your public address with a donate next to and if people like your site they may give you some bitcoin I got some bitcoin that way (thanks, by the way) .

Encryption is the best form of protection for your bitcoin wallet, or for anything else that matters. The government makes it seem like there is no hope of keeping your information protected. Bullshit!! Encryption can help protect you from the Government and hackers. Encryption can keep anyone from stealing your information, if it is done right. This is the most important thing that you can do to protect your bitcoin wallet and it is not hard to do. Banks use encryption so why can’t you. Once people hear the word encryption they panic and think it sounds to complicated. There are some programs out there that can help. Some encryption software is actually very easy to use.

 

Advertisements

Read Full Post »