Bitcoin: Digital Money for a Digital Economy

Recognize this logo? Bitcoin has been around for a few years now. Most people have at least heard of Bitcoin but many still don't know too much about it. Bitcoin(BTC) is the worlds first digital form of money. It can be used anywhere around the world and is accepted by thousands of businesses including Target, Amazon, WordPress,Overstock.com, Dell and many more you can find by clicking here.





 It has seen a wild ride in its value since its inception, minting many multi-millionaires along the way.
What makes BTC unique is the fact that it is the 1st non-government backed, world-wide, digital currency. Bitcoin is seen by many as a privatization of money.  No government controls it and nobody can mint more of them later. There will only be 21,000,000 BTC, ever. Thus, making it attractive as a store of value because the number of coins is finite. Unlike all fiat/goverment backed currencies that print more at will, thus devaluing their respective currencies. BTC is designed to actually rise in value, like money should!

This video gives a nice rundown of Bitcoin's basics:

Bitcoins are created and transactions simultaneously validated by the Bitcoin network thru a process called mining. The cool thing is that anyone can mine bitcoins! I actually built what is known as a BTC mining farm earlier on when individuals could actually build mining systems with off the shelf parts. Here is a pic of my mining rig from a few years ago, (a.k.a. "the Beast" )

Whether Bitcoin will be the future of money that will streamline online commerce has yet to be seen. That fact that it still even exists at all is impressive. There is now about $6.75 Billion USD worth of Bitcoin in circulation being used every day!

The safest place to buy Bitcoins: Coinbase.com
The safest place to store Bitcoins: Blockchain.com
Bitcoin WIKI page