A New Kind Of Money

A New Kind Of Money

#Bitcoins is anonymous, decentralized, electronic currency. That's a nice concise sentence, but it bears some explanation. 

You do not have to register with a bank to create a #bitcoin account. When you get started you'll create a Bitcoin adderss that only you can control, but there is no record of who owns which address.

As long as you take some basic precautions, you can use Bitcoins completely anonymously. Bitcoins wasn't created by the government. It was created by a small group of Researchers who were interested in the idea of currency that was outside the control of any organization.

There is no centralized regulatory authority for bitcoins as there is for dollars, euros, & every other currency on the planet.

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How Does #Bitcoin Work??

This is a question that often cause Confusion. Here's A quick explanation!

The basics for a new user

As anew user, you can get started with #Bitcoins without understanding the technical details. Once you have installed a Bitcoin wallet on your computer or mobile phone, it will generate your first Bitcoin address & you can create more whenever you need one.

You can disclose your address to your friends so that they can pay you or vice versa. If fact, this is pretty similar to a email works. except Bitcoin address should only be use once.

#Bitcoin what it would look like if it was a real coin

Here is a Some Wallet I use.

(1) CoinBase

(2) Blockchain.info

(3) Xapo

With all this Has been said Get a wallet first. Then get a hold of me & I will be happy to  help you get you First Bitcoins 

Bitcoins Made Easy

#Bitcoins, I would like talk to you about a new In Home Income, that you cane work from home, it is call #mining online. Yes i am a Bitcoin Miner and i do it from home for free, so you can say i work from home for free, making a inhome income.

Bitcoin is a kind of money 

Bitcoin is an anonymous, decentralized, electronic currency.

That's a nice, coins sentence, but it bears some explanation. 

In Bits we Trust lol

What is Bitcoin?

Bitcoin is the simplest way to exchange money at very low cost

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Bitcoin is a zero trust consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. It was introduced as open-source software by pseudonymous developer Satoshi Nakamoto that uses cryptography to control the creation and transfer of money.

I don't get it, in English please

As a start, think of Bitcoin as a currency, like the USD, AUD, HKD, CNY or EUR, only digital. They aren't printed or regulated by central banks like other currencies are. They are produced by millions of computers solving mathematical problems ensuring only a pre-determined number of coins enter circulation every day. These coins are rewarded to whoever is the first to solve the latest mathematical puzzle.

Bitcoin solves the double spending problem

Bitcoin has many advantages. One of the biggest innovations is that it solves what is known as the double spending problem. According to the Wiki:

Double-spending is the result of successfully spending some money more than once. Bitcoin protects against double spending by verifying each transaction added to the block chain to ensure that the inputs for the transaction had not previously already been spent.

Other electronic systems prevent double-spending by having a master authoritative source that follows business rules for authorizing each transaction. Bitcoin uses a decentralized system, where a consensus among nodes following the same protocol is substituted for a central authority.

What are Crypto Currencies?

A digital currency relying on the principles of cryptography

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The Wiki describes it well; a cryptocurrency (such as Bitcoin, Litecoin, Feathercoin, etc.) is a peer-to-peer, decentralized, digital currency whose implementation relies on the principles of cryptography to validate the transactions and generation of the currency itself.

I don't get it, in English please

Let's look at the first sentence again and break it down word for word:

A cryptocurrency is a peer-to-peer, decentralized, digital currency whose implementation relies on the principles of cryptography to validate the transactions and generation of the currency itself.

Peer-to-peer

Peer-to-peer refers to each node on the network being able to connect to any other node and act as both a server and a client sharing updates to the blockchain (public ledger) without the need for a central server.

Decentralized

Decentralized refers to the peer-to-peer architecture of the network. Because each node can act as both a server and a client, there is no need for a central server or centralized authority, thus effectively solving the double spending problem.

Digital currency

Digital currency, among its various names, is electronic money that acts as alternative currency in the digital realm (though offline adoption is increasing as well). Currently, alternative digital currencies are not produced by government-endorsed central banks nor necessarily backed by national currency.

Principles of cryptography

Cryptography relies on public and private keys for security. With cryptocurrencies every transaction has to be signed by a private key for security. Due to the strong security and well understood principles of cryptography, counterfeiting digital currencies is virtually impossible.

What are the Advantages of Bitcoin?

Payment Freedom, Low cost, Instant Transactions, Full transparency and no central authorities

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Bitcoin is a zero trust consensus network with many advantages.

Payment Freedom - Instant transactions

With Bitcoin it is possible to send and receive any amount of money instantly anywhere in the world at any time. No bank holidays. No borders. No imposed limits. Bitcoin allows its users to be in full control of their money.

Very low transaction fees

Bitcoin payments are currently processed with either no fees or extremely small fees. Users may include fees with transactions to receive priority processing, which results in faster confirmation of transactions by the network. Additionally, merchant processors exist to assist merchants in processing transactions, converting bitcoins to fiat currency and depositing funds directly into merchants' bank accounts daily. As these services are based on Bitcoin, they can be offered for much lower fees than with PayPal or credit card networks.

Fewer risks for merchants

Bitcoin transactions are secure, irreversible, and do not contain customers’ sensitive or personal information. This protects merchants from losses caused by fraud or fraudulent chargebacks, and there is no need for PCI compliance. Merchants can easily expand to new markets where either credit cards are not available or fraud rates are unacceptably high. The net results are lower fees, larger markets, and fewer administrative costs.

Security and Control

Bitcoin users are in full control of their transactions; it is impossible for merchants to force unwanted or unnoticed charges as can happen with other payment methods. Bitcoin payments can be made without personal information tied to the transaction. This offers strong protection against identity theft. Bitcoin users can also protect their money with backup and encryption.

Transparent and Neutral

All information concerning the Bitcoin money supply itself is readily available on the block chain for anybody to verify and use in real-time. No individual or organization can control or manipulate the Bitcoin protocol because it is cryptographically secure. This allows the core of Bitcoin to be trusted for being completely neutral, transparent and predictable.

What is an Online Wallet?

An Online Wallet allows users to centrally store and control their online shopping information and digital currencies.

QoinPro is a multi-currency Online Wallet that aims to promote adoption by giving her users free coins every 24 hours and that allows her users to centrally store and control their digital currencies.

QoinPro allows you to buy, use and accept cryptocurrencies (such as bitcoin). Most wallets are designed for a single cryptocurrency, however QoinPro is designed to be able to handle multiple crypto currencies.

QoinPro's Online Wallet Advantages

Desktop Wallets run on your Desktop or laptop. Compared to them QoinPro offers the following advantages:

• QoinPro supports multiple currencies, Desktop Wallets usually only support one
• QoinPro aims to promote adoption by adding free coins to your account every 24 hours
• QoinPro allows you to centrally control all your currencies through one interface
• QoinPro doesn't require storage on your PC, Desktop Wallets require you to download the entire blockchain
• QoinPro doesn't have long download times, downloading the blockchain can take several days
• QoinPro is safe, you don't have to worry about upgrading, maintaining or backing up your wallet

            >>>> https://qoinpro.com/5ffbbf709e15379fe114616c3ca30172<<<<

Who is Satoshi Nakamoto?

Nobody knows (or is telling), but he, she or they invented the Bitcoin protocol

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Satoshi Nakamoto was a pseudonymous developer that published a paper describing the Bitcoin protocol in detail via the Cryptography Mailing List in November 2008 and released the first version of the bitcoin software client in 2009. The software was released as open-source and the original paper can be found on the bitcoin.org

Shrouded in Mystery

Nobody knows if Satoshi Nakamoto was a male, a female or a group of people (or even a government organization) though many theories exist. The last time anybody heard from him was in the spring of 2011 when he posted a message saying he had moved on to other things. Until that time he was part of the project development team, however by the end of 2010 he had all but disappeared.

Some people say that it isn't important who he was and perhaps it is good that there is so much mystery because it keeps the focus on the technology and not on the people behind the technology. Whoever he was, he, she or they were responsible for inventing the Bitcoin protocol.

Satoshi Nakamoto sounds Japanese

It does sound Japanese. In fact in Japanese "Satoshi" means "clear thinking, quick witted or wise". “Naka” can mean “medium, inside, or relationship”. “Moto” can mean “origin”, or “foundation”. Those things would all apply to the person who founded a movement by designing a clever algorithm.

Some people have interpreted his name as meaning "Central Intelligence" and concluded he must have been working for the government. However, perhaps it doesn't matter. Core developer Jeff Garzik puts it succinctly.

“Satoshi published an open source system for the purpose that you didn’t have to know who he was, and trust who he was, or care about his knowledge,” he points out. Open source code makes it impossible to hide secrets. “The source code spoke for itself.”

What are Alt-coins?

Currently there are dozens, possibly hundreds of altcoins

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Altcoins are real cryptocurrency alternatives to Bitcoin. Many of them differ in some way or form from the Bitcoin and are interesting in their own right however some of them are plain copies. Listed on this page are their basic characteristics.

List of SHA256 based Alt-coins

There are many SHA256 based altcoins. The following list is not exhaustive and only serves to give an impression about other coins available. Some of these coins can also be collected through  QoinPro.

Abbreviation	Name	Algorithm	Total Coins	Retarget	Reward
NMC	Namecoin	SHA256	21,000,000	2,016	50 NMC / Block
PPC	Peercoin	SHA256	No Limit	1	103.10 PPC / Block
DVC	Devcoin	SHA256	No Limit	2,016	5000 DVC / Block
TRC	Terracoin	SHA256	42.000.000	540 Blocks	20 TRC / Block

List of Scrypt based Alt-coins

There are many Scrypt based altcoins. The following list is not exhaustive and only serves to give an impression about other coins available. Some of these coins can also be collected through  QoinPro.

Abbreviation	Name	Algorithm	Total Coins	Retarget	Reward
LTC	Litecoin	Scrypt	82,000,000	2,016	50 LTC / Block
DOGE	Dogecoin	Scrypt	100,000,000,000	240	250,000 DOGE / Block
WDC	Worldcoin	Scrypt	265,420,800	120	50.79 WDC / Block
FTC	Feathercoin	Scrypt	336,000,000	504	200 FTC / Block

List of Hybrid/Other Alt-coins

There are many altcoins not based on SHA256 or Scrypt. The following list is not exhaustive and only serves to give an impression about other coins available. Some of these coins can also be collected through  QoinPro.

Abbreviation	Name	Algorithm	Total Coins	Retarget	Reward
XPM	Primecoin	Other
QRK	Quarkcoin	Ohter		20	2 QRK / Block
NXT	Nextcoin	Ohter

BitCoins-Usa Good way to work from home

                            Good Way to work from Home and Get a Small In Home Income.

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

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