YOU ARE ONE WHO INVESTIGATES

YOU ARE ONE WHO INVESTIGATES, RIGHT?

DOES THIS DESCRIBE YOUR INTEREST IN BITCOIN?

You arrive at this blog searching non Bitcoin terms - but - interestingly, you do have an interest in finding out more about Bitcoin. You probably don't know what the term Blockchain means either. Or, that there are over 800 branded "coins" like Bitcoin on the blockchain technology. You know that you would like to know more - but don't know where to start or who to ask. What luck that you are here today. Here's this blogs best advice.................. The sidebar has "Bitcoin" books and "Bitcoin" links - exploring any of these can be helpful for your learning curve....... But, let's say you simply want to get your feet wet - to actually OWN some Bitcoin - and you are simply wanting to know the first steps on obtaining some Bitcoin............. Cool - because it's not hard to do - but - you DO need to know a few things about OWNING Bitcoin...... First things first - Bitcoin in 2017 is totally legit and you are going to have to identify yourself, and verify yourself, to buy OR to "mine" Bitcoin............Next - there is only a place or two to buy Bitcoin at the lowest price - the main company is called Coinbase. Millions of people have Coinbase accounts. MOST people in America buy their first Bitcoin from Coinbase....... Now, interestingly, Coinbase has an interesting "bonus" to those who sign up - and buy their first 100.00 USD of Bitcoin. BUT - the bonus involves USING AN AFFILIATE link to JOIN Coinbase; I'll explain what and why.......First, ONLY IF you use an affiliate link do you get the Coinbase bonus - this is my link at coinbase https://www.coinbase.com/join/52570ca75308dda35e000033 - IF you use it when you join and then eventually buy your FIRST 100.00 USD of Bitcoin from Coinbase - THEN THEY GIVE YOU 10.00 USD OF FREE BITCOIN - (They Also Reward Me). It's Coinbase's way to welcome American People to Bitcoin.....IF YOU DO NOT USE THE AFFILIATE LINK TO SIGN UP - THEY DO NOT REWARD YOU EVER FOR YOUR FIRST 100 USD - IT'S THAT SIMPLE...DO YOU WANT 10 FREE USD OF BITCOIN... You too will have an Affiliate Link after you join - make sure to share that with your friends when they want to buy their first Bitcoin. Also, when you join Coinbase... You will automatically also have a Bitcoin wallet (and address) - you will need a Bitcoin Wallet to acquire BTC from the only other method of OWNING Bitcoin - to "Mine" it....

Yes, it's true...you really can become a miner................ And, to some people that means REALLY getting into the entire Blockchain scene, learning the language, becoming experts, and eventually buying Mining Equipment...... And, that is fine for some people. BUT...it is time consuming - AND - Bitcoin machines are notoriously "hot and loud" and somewhat expensive to run as they consume lots of electricity.......Which FINALLY brings us to the last quick tutorial for you... the news that you can also RENT "mining" equipment - by buying what is called Hashpower - from a reputable company..... UNFORTUNATELY, reputable mining companies, are few and far between - indeed - I can ONLY recommend the one I am using myself, (and even then I suggest caution in over investing as Bitcoin's price is rising so fast, that to send it out to get it back seems non-productive) - Genesis-Mining...... they are a long running mining farm with low electricity costs - and over 500,000 people worldwide are already "mining" with them from buying Hashpower contracts. That Hashpower is assigned to your rented machines - which "mine" cryptocurrency daily - you are sent your earnings the following day, which they accumulate to send to you automatically .... at Genesis Mining there are multiple coins to "mine" and you set the mix of coins you "mine" - and you can change your mix at any time. The return on your investment will ultimately depend on the price of Bitcoin and the coins you choose to "mine". Obviously, if you re-invest your returns in buying additional Hashpower - your ROI will be quicker. Indeed, after a number of months (less than a year currently) you will be "up" and earning daily bitcoin value indefinitely on the Sha256 contract....it's a longer term view - if a year is to be considered long term. And, like Coinbase, Genesis-Mining also has a "win-win" Affiliate Program for new users - IF you use a PROMO code to buy your "mining contract/Hashpower" - you save 3% on your cost (you pay full price if you don't use the promo/coupon code) - AND - they also provide me a bit of FREE Hashpower for bringing you into the "mining" spectrum. "Mining Contracts" begin at ONLY 30.00 USD,it's a no brainer - Here's my Genesis Mining Code (you can see it in other places on this blog too) lcS0Un - use the code when you sign up. Just click the links, or click the banner at the top of the sidebar. Thanks.

Oh - one final thing - the powers that be - may DECLINE your perfectly valid Visa card - In Other Words - You May Need To Call Your Bank Or VISA to be able to buy - to validate your purchase. It's just one additional way the powers that be want to keep you powerless. Once you do that your order will be approved. Yes...you can use credit cards.

It's really just easiest to get that Coinbase account and buy Bitcoin - or - get that Coinbase account and have someone who owns Bitcoin transfer it to you there via your free Bitcoin wallet and address. Thanks for reading...but, now you are actually ready and have the basics...it's up to you.

YOUR BITCOIN - MAKES YOU A MICRO-LENDER BANK - CHECK THIS OUT

Thursday, October 30, 2014

Dogecoin And Onward - Where Is Satoshibet?

As you were left a few days ago - I had just bought some Dogecoin (folks laugh upon hearing the name BTW) and was diversifying into other crypto-currencies. I proceeded to do so by buying ScotCoin, BlackCoin, KarmaCoin and a couple of others - via trading my Bitcoin that I transferred from Coinbase to Coins-e; ending up with over 130K Karma coins for pennies.

I've since discovered a few things since my last post only a couple days ago - first, the number of trading exchanges is numerous and Coins-e only traded a few currencies in comparison to others - and traded at a much lower volume than other places. It's a lot an information game at this point I believe - as at one exchange I saw Dogecoin being bought and sold for a `rate' of 63 and bought and sold on Coins-e for 72. Obviously, one could make money simply having accounts in both websites and trading back and forth. Quite curious.

Even more curious was what occurred today AFTER a ruling that could certainly be seen as a blow to the diversity of the handling of Bitcoin and other currencies. Anyway, before the ruling details..... I went to  Satoshibet - a place I've had (still have probably) banners for as a place for secure private internet gambling. Indeed over 400 were there as part of my links. .... Anyway.... I've pulled some of their banners simply on the statement that SLAPS you in the face IF you live in the USA when you go to the website as of TODAY - as you can see if you are from the USA - Satoshibet now restricts your usage of the website (good luck at getting your bitcoins) - certainly a buyer beware situation. As is virtual currencies evidently.

Now - onto the ruling explained here by:

FinCEN Stifles Bitcoin Adoption; Reinforces Legacy Banking Systems

Posted by B.Holmes on 29 October 2014 | Comments
FinCEN Quote 1

- FinCEN.gov
==========================================================================
The new guidances (FIN201-R011 and R2012-FIN-2014) advise that under US law, virtual currency exchanges and payment processors may be considered as money transmitters under the Bank Secrecy Act (BSA).
Applying for a money transmitter license (MTL) is an expensive and lengthy process. According toGrimes Law PLLC, to conduct business on a national level, the application fees alone will come to just under $7 million USD, creating a high barrier to entry and limited competition. Businesses such as Bitpay, which has applied for an MTL in Georgia, will possibly suffer extraneous fees. This in turn is creating great concern and cause for debate in the Bitcoin community.
The article offers a range of opinions about the ruling making the hurdle to do exchanges with transferring Bitcoin and others coins - it seems the buy-in price to do so is at least 7 million as you see above. Something that would probably mean many of the smaller exchanges and such will be out of business if this is enforced IMO. That said, as one Reddit user does in the article above - AFTER the shake-out, which happens in any business model - the strong IMO will indeed survive and this will be a blip perhaps. That said, the many who will lose value when various exchanges can't put up millions will certainly create more badwill and avoidance. 
The article begins by calling the ruling that applies an outlier to the world view on things like this.
===========================================
You will notice the continuing change in The BS's format and look I hope. Those looking for THE BARFSTEW - The direct link is in the post below.
==========================================
Next Up
switching exchanges
===========================

No comments:

Post a Comment

Comments are welcome and moderated.

THIS BLOG TRANSITIONED FROM THE `2013 BANNED' OUTRAGEOUS AND SEXY `BARFSTEW' - TO A BITCOIN RELATED BLOG IN OCT/NOV 2014. THE ARCHIVE IS WHY MOST PEOPLE ARRIVE - AND BITCOIN IS WHY THEY STAY.
THIS BLOG WAS VERY PROUDLY BANNED FROM THE INTERNET FOR 115 DAYS IN 2013-2014 - RETURNED AFTER 9 REQUESTS FOR REVIEW - NOW YOU KNOW - (UPDATE) IN MAY 2015 THIS BLOG WAS AGAIN WARNED.... AND CONSEQUENTLY DROPPED GOOGLE ADSENSE.... READ AND ENJOY THE BARFSTEW WHILE IT IS STILL FRESH IN THE POT AND NOT ON THE INTERNET ARCHIVE..... BECAUSE BARFSTEW BITCOIN IS A DANGEROUS BREW.

2000+ PAGE VIEWS A DAY - 85% MALE - MORE INFO AND SIZES TOO VIA BANNER CLICK

2000+ PAGE VIEWS A DAY - 85% MALE - MORE INFO AND SIZES TOO VIA BANNER CLICK
2 BLOGS INCLUDED - BARFSTEW AND BITCOINS IN TRADE

EASY AMAZON PURCHASES - 1G TO 10G Gold, 1OZ Silver - Find Out Prices With A Click

CHECK OUT THE COOL BOOKS TOO

Visitor Stats

Popular Posts Last 30 Days