Over the last couple of weeks, everybody has been weighing in about Bitcoin, the digital currency that might be the money of the future, or a bubble bursting right in front of us. After being worth only $30 in March, on Wednesday, Bitcoin reached an all time high of $266, then plummeting to just over $100 in a few hours, and now stabilizing around $120. When Bitcoin’s price started to increase unexpectedly, it became the one thing everybody in Silicon Valley was talking about. (For those who don’t know what Bitcoin is, this video explains it perfectly in 3 minutes).
Get a miner. There are a number of mining options for multiple platforms although OSXusers may find themselves in a bit of a pickle. Miners utilize spare GPU cycles to power the mining operation, similar to services like SeTi. Miners, however, use these types of cycles to help handle peer-to-peer processes connected with bitcoins. Therefore by doing “work” you are preserving the network as well.
We have all seen the fake websites out there that have links that go nowhere and just don’t look right, so when making your choice make sure their email address works and that you get a response in a timely manner from them. If they have a telephone number you can call, give them a ring. Check the WHOIS details of the website as a back up. Also check how long they have been in business as this is one of the best signs of a good exchanger. Scammers do not last very long.
Because of the abuses in our current system, bitcoin superstar tv has developed a momentum. That momentum is turning into a manifest destiny. That destiny is that it will take its place alongside national currencies as the real world reserve currency.
There were some “freelancers” offering to provide this service, but I would caution against that. Mostly because you have to provide them with your address, which we were not comfortable doing.
They are bought and sold through exchange sites. There they can be exchanged into traditional currencies like the Dollar or Euro or for virtual world currencies like the Linden dollar.
Another good e-currency is Pecunix. This is again an online payment system that is backed by gold. Pecunix essentially works the same as E-gold, so they do not buy and sell their own currency, and it is again stored in the account you have with them.
Consider your CombiBar 50 gram Gold bars like fire insurance on your home: you hope you never need it, but if you do need it, after the fire starts it is too late to acquire it.