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Learn All You Need to Know About Bitcoins and How to Profit With Bitcoins!
Everyone's talking about Bitcoins! It's a worldwide phenomenon! But how can YOU learn everything you need to about Bitcoins and how YOU can profit with Bitcoins? Receive a FREE Sample Chapter from the book, "What's the Deal with Bitcoins" and become educated about Bitcoins today!
Author of “What’s the Deal with Bitcoins”, The Bitcoinist is a leading expert on the subject of Bitcoins and is bringing his expertise to help you to Profit With Bitcoins!
What’s the Deal with Bitcoins?
Bitcoin is, at its core, virtual currency. It is a digital representation of money that can be used to purchase goods and services in the same way cash can be used to purchase those same goods and services. In this sense it is similar to the dollar, Euro, Peso, or any other type of printed currency. However, Bitcoin differs considerably from these other currencies in that it is not backed by any bank or nation and has no formal organizational structure behind it. Instead, Bitcoin is managed entirely by a Peer to Peer (P2P) network of individuals that manages balances and transactions on its own.
The Bitcoin concept was first circulated in 2009 by an unknown individual on a Cryptography mailing list who used the pseudonym Satoshi Nakamoto. This individual based Bitcoin on the concept of crypto-currency and designed Bitcoin to use cryptography to control the creation and operation of this new currency. The purpose was to provide the world with an alternative currency that existed for the purpose of online transactions. While PayPal and its ilk exist and function today, they still have a currency impediment when transactions occur across borders. Bitcoin seeks to address that issue by allowing Bitcoin holders to transact with a common currency in an increasingly global marketplace. With this new digital currency, someone in Britain can buy a book from someone in Boston without many of the fees a bank would surely place on this transaction.
Steadily, Bitcoinâs P2P network has developed the project to its current iteration, gaining notoriety and media attention for its conceptual merits. In September of 2012, the Bitcoin Foundation formed to help regulate the currency and its continued improvement. Today, its current circulation is roughly 11 million Bitcoins worth approximately $1.4 billion. These big numbers are indicative of the large scale interest Bitcoin is gaining. People are intrigued by the way Bitcoin works and whatâs more is that it does actually work.
Become part of the Bitcoin phenomenon today by downloading the FREE Sample chapter
About The Bitcoinist
Everyone's talking about Bitcoins! It's a worldwide phenomenon! But how can YOU learn everything you need to about Bitcoins and how YOU can profit with Bitcoins? The Bitcoinist, a leading expert on Bitcoins is here to help you! Start by getting a FREE chapter from his book on Bitcoins and then find out more about the Complete Home Study Course on 'How to Profit with Bitcoins'!
Learn All You Need to Know About Bitcoins and How to Profit With Bitcoins!
Everyone's talking about Bitcoins! It's a worldwide phenomenon! But how can YOU learn everything you need to about Bitcoins and how YOU can profit with Bitcoins? Receive a FREE Sample Chapter from the book, "What's the Deal with Bitcoins" and become educated about Bitcoins today!
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