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Bitcoin Overview

Imagine being able to send any amount of money to anyone anywhere in the world at anytime without the possibility of funds being frozen, seized, confiscated or impeded in anyway all for a tiny or no cost. That is Bitcoin. Bitcoin has opened the monetary Pandora’s Box. Since Bitcoin slithered out of the primordial monetary ooze in 2009 the Bitcoin economy has been growing, dying, regenerating, evolving, metastasizing and developing at an extremely rapid pace. One thing is for sure: Bitcoin has not disappeared. This decentralized peer-to-peer irreversible non-freezable crypto-currency, the ultimate ‘offshore bank account’ or last plane account, and the surrounding services now offer tremendous utility to hundreds of thousands of people on a daily basis. It also makes easy and possible anonymously paying for online goods or services. This is extremely important if you want to protect your Internet privacy by using Virtual Private Networks (VPNs). You should never trust a VPN that doesn’t accept bitcoins. If you have not seen the extremely popular videos, What Is Bitcoin? at WeUseCoins.com and Blockchain Explained, then I highly recommend viewing it to get a succinct and accurate overview. There have also been a significant number of unfortunate events where bitcoins have been absconded, embezzled or stolen. Additionally, as with anything scams and thieves exist so due diligence to find reputable service providers must be done to protect your capital. Nevertheless, with this short Beginner’s Guide To Bitcoin And Bitcoin Services you will be able to safely, easily and quickly learn how to store, acquire, sell, spend, speculate and invest bitcoins.

CONCLUSION

Bitcoins are a new revolutionary currency with tremendous utility. Over the past year there have been significant innovations making simple secure online storage along with quick and easy acquisition of bitcoins possible. Many merchants are accepting bitcoins and you can effortlessly convert them into national fiat currency. The real speculative and investment excitement is with the developing capital markets within the Bitcoin economy and outrageous cash-on-cash returns currently being generated there and with private lending. Why not begin experimenting with this innovation to see whether the Bitcoin economy provides you any utility? Paying anonymously for the Private Internet Access’s VPN service is a great first purchase. After all, with the worldwide monetary and financial system in commotion we see with the Bitcoin economy that monetary innovation is in forward motion like never before. There will be a solution to this gigantic mess and the innovators and creative destroyers will stand to reap tremendous profit. There is a chance that Bitcoin will play a significant role. With governments engaged in massive quantitative easing, currency controls and intrusive privacy destroying legislation like FACTA then what are your options? Have you ever thought or taken action to answer the question: If you had to take the last plane out of your country then (1) where would you go and (2) how would you maintain your standard of living? Bitcoin could very well be your perfect last plane account. There are currently hundreds of thousands of people regularly using it around the globe, wallets cannot be frozen, there are no arbitrary limits and your wealth can, unlike physical gold, easily cross borders as it can exist as nothing but a brainwallet with nothing to declare or have seized at customs.


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