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Bitcoin vs. Goldcoin

Bitcoin … Financial Nirvana?

If you don’t know what Bitcoin is, do some research on the internet, and you’ll find plenty … But the short story is that Bitcoin was created as a medium of exchange without any central bank or issue bank being involved. Moreover, Bitcoin transactions are considered private, it is anonymous. Most interestingly, bitcoins do not exist in the real world; These exist only in computer software, as a kind of virtual reality.
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The general idea is that bitcoins are ‘mined’ … the interesting word here … solves an increasingly difficult mathematical formula – more difficult since more bitcoins exist in ‘mining’; Interesting again- on a computer. Once created, the new bitcoin is placed in an electronic wallet. Then it is possible to trade real goods or fiat currency for bitcoins … and vice versa. Furthermore, since Bitcoins have no central issuer, they are all distributed, thus preventing them from being ‘managed’ by the authorities.
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Naturally Bitcoin proponents, who have benefited from the rise of Bitcoin, have rather loudly stated that ‘of course, Bitcoin is money’ … and not just that, ‘it is the best money of all time, the money of the future’, etc … yes , Fiat supporters just shout out loud that paper money means … and we all know that Fiat paper is not money in any way, because it doesn’t have the most important feature of real money. So the question is whether Bitcoin qualifies even as money … don’t think of it as future money, or the best money ever.

For this, let’s look at the attributes that define money and see if Bitcoin qualifies. The three essential properties of money are;

1) Money is a stable store; The most necessary feature fails without the unit price stability of the function or value measurement of the number.

2) Money is a unit of sum, account.

3) The means of exchanging money … but other things can also fulfill this task i.e. direct barter, the ‘fake out’ of the exchange of goods. Also ‘trade goods’ (cheats) that hold value temporarily; And finally mutual credit exchange; I.e. the pricing of a promise fulfilled by the exchange of a bill or IU.

Bitcoin does not work as badly as a medium of exchange compared to Fiat. Fiat is only recognized in the geographic domain of its issuer. The dollar is not good in Europe, etc. Bitcoin is accepted internationally. On the other hand, very few retailers currently accept money in Bitcoin. Fiat will win if geometric acceptance does not increase … albeit at the expense of exchange between countries.

The first condition is much stricter; Money must be a stable value … Now Bitcoins have gone from a ‘value’ of $ 3.00 to about $ 1000 dollars in a few years. It’s almost as far away as the ‘store of stable values’; As you can get! In fact, such gains are a perfect example of a speculative rise, such as Dutch tulip bulbs, or junior mining firms, or Nortel stocks.

Of course, here Fiat also fails; The US dollar, the ‘original’ Fiat, for example, has lost more than 95% of its value over the decades … Neither Fiat nor Bitcoin qualifies for the most important measure of money; Ability to preserve value and preserve value over time. Real money, which is gold, has shown its ability to hold value not only for centuries, but also for competition. Neither Fiat nor Bitcoin has this serious power … both fail in terms of money.

Finally, we come to the second feature; That’s the number. Now this is really interesting and we get a closer look at the question of ‘numbers’ to see why both Bitcoin and Fiat fail as money. Numerical refers not only to the use of money to save money, but also to the measurement or comparison of values ​​in a sense. In the Austrian economy, it is actually considered impossible to measure value; After all, value only exists in human consciousness … and how can something actually be measured in consciousness? Yet, through the core principle of Mengerian Market Action, this is the interaction between bids and offers, market prices can be established … only if for a moment … and this market value is expressed in terms of numbers, the most marketable good, that means.

So how do we set the standard for Fiat …? Through the concept of ‘purchasing power’ … that is, the price of Fiat is determined by how it is traded … the so-called ‘basket of basics’ thing. However, it clearly indicates that Fiat has no value of its own, but rather that the value flows from the products and services that may be traded. Functionality flows from ‘purchased’ products to Fiat numbers. After all, what is the difference between a one-dollar bill and a hundred-dollar bill, the number printed on it … and the purchasing power of the number?

Gold, on the other hand, is not measured by how much it trades; Rather, uniquely, it is measured by other physical values; By its weight or mass. One gram of gold is one gram of gold, and an ounce of gold is an ounce of gold … no matter what number is engraved on its page, ‘face value’ or otherwise no functionality is the opposite of Fiat; Gold is measured by weight, an internal quality … not by purchasing power. Now, do you have any idea about the value of the ounce dollar? There is no such thing. Fiat is only ‘measured’ by a small amount … the number printed on it, the ‘face value’.

Bitcoin is far from numbers; It’s not just a number like Fiat … but its value is measured in Fiat! Even if Bitcoin became internationally recognized as a medium of exchange and even able to replace it as an acceptable ‘number’ of dollars, there could never be any internal measure like gold. Gold measured by a true, unchanging physical quantity is unique. There is nothing else that combines these unique qualities within the reach of a unique humanity in preserving the value of gold for thousands of years.

In conclusion, some of the names of Bitcoin’s fiat such as anonymity and decentralization, however, fail to claim to be meaningful. Its benefits are also questionable; The aim is to limit the ‘mining’ of bitcoins to 2,000,000,000 units; That is, the ‘mining’ algorithm becomes harder and harder to solve, but impossible after digging 26 million bitcoins. Unfortunately, this announcement could very well be the death knell of Bitcoin; Meanwhile, some central banks have announced that bitcoins could become a ‘reserveable’ currency.

Wow, that sounds like a big step for Bitcoin, doesn’t it? After all, the ‘big banks’ seem to be accepting the true value of Bitcoin, aren’t they? This means that banks recognize that they can trade fiat for bitcoins … and the planned 226 million bitcoins will have to buy a small amount of 26 billion fiat dollars. Even the twenty-six billion dollar Fiat printer is no small change; That’s about a week’s worth of printing by the US Fed alone. And, once Bitcoins are locked in the Fed’s ‘wallet’ … for what purpose can they work?

There will be no bitcoin in circulation; In a perfect corner. If there are no bitcoins in circulation, how on earth can they be used as a medium of exchange? And, what can bitcoin issuers probably do to protect against this kind of fate? Change the algorithm and increase 26 million … 52 million? 104 million? Join the Fiat Printing Parade? But with the money theory, Bitcoin will start to lose value, just as Fiat will lose value through over-printing …

We come to the main issue; Why look for ‘new money’ when we already have very good money, Gold? Fear of gold budget? Lack of disclosure of the name of an interventionist government? Cruel? Fiat Money Legal Tender Act? All of the above. The answer is not in the form of new money, but in a new social structure, one without fiat, without official espionage, without drones and SWAT teams … without the IRS, border guards, TSA thugs … going on. Autocracy is not a world of freedom. When this is done, the old and important role of gold will resume as honest money … and not a moment ago.

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Getting started with crypto

Investing in the cryptocurrency market space can be a bit risky for cryptocurrency investors, as investing directly in cryptocurrency (CC) requires the use of new tools and adoption of some new ideas. So if you decide to dip your toes in this market, you need to have a very good idea of ​​what you will do and what to expect.
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To buy and sell CC you need to choose an exchange that deals in the products you want to buy and sell, be it Bitcoin, Litcoin or more than 1300 player tokens. In previous editions we have briefly described the products and services available on several exchanges to give you an idea of ​​the different offers. There are many exchanges to choose from and they all do things their own way. See things that are important to you, for example:
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– Deposit policy, procedure and cost of each procedure

– Withdrawal policy and expenses

– They do no fiat currency transactions for deposits and withdrawals

– The products they trade in such as crypto coins, gold, silver, etc.

– Expenses for transactions

– Where is this exchange based? (USA / UK / South Korea / Japan …)

Be prepared for the exchange setup process to be detailed and lengthy as exchanges usually want to know a lot about you. Exchanges are like setting up a new bank account as a broker of valuables, and they want to make sure that you know who you are talking to and that you are a trustworthy person in any business. It seems that “trust” has been achieved over time, as exchanges usually allow small investments to be made.
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Your exchange will keep your CC in your storage. Many offer “cold storage” which means your currencies will be kept “offline” until you indicate that you want to do something with them. There have been reports of exchanges being hacked and lots of coins being stolen. Think of your currencies as having a bank account on the exchange, but remember that your coins are only digital and all blockchain transactions are immutable. Unlike your bank, these exchanges do not have deposit insurance, so be aware that hackers are always there to get your crypto coins and try their best to steal them. Exchanges typically provide password protected accounts and offer a number of 2-multiplier authentication schemes – with serious consideration to protect your account from hackers.
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Given that hackers like to exchange and prey on your account, we always recommend that you use a digital wallet for your coins. Moving coins between your exchange account and your wallet is relatively easy. Be sure to choose a wallet that handles all the coins you want to buy and sell. Your wallet is also a device that you use to “spend” your coins with merchants who accept CC to pay. The two types of wallets are “hot” and “cold”. Hot wallets are very easy to use but they keep your coins open on the Internet, but only on your computer, not on an exchange server. Cold wallets use offline storage media such as specialized hardware memory sticks and general hard copy printouts. Using a cool wallet makes transactions more complicated but they are the most secure.
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Your wallet has a “personal” key that allows you to start all the transactions you want to start. You have a “public” key that is shared on the network so that all users can identify your account when you are involved in a transaction. When hackers get your private key, they can take your coins anywhere and that is irreversible.
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Despite all the challenges and wild volatility, we are confident that the underlying blockchain technology is a game changer, and will revolutionize how transactions move forward.
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Learn how to exchange bitcoin

Choose an exchange service.

The minimum way to acquire bitcoins is to use and online exchanger. The procedure that an online bitcoin exchanger performs is similar to the procedure that currency exchangers perform. All you have to do is sign up online and perform the conversion to Bitcoin using your Fiat currency. You can find numerous online bitcoin exchangers, so choosing the exact location where you are located is the ideal choice for you. Here I am going to give you a list of the most stable and recognized online bitcoin exchangers:
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Coinbase:

Probably the most familiar. This exchanger will provide you exchange services, wallet creation and bitcoin trading. They actually have mobile apps so you can easily buy or trade your bitcoins more easily.
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Circle:

There you will have the ability to save, receive, send and exchange your Bitcoins by creating an account

Zapo:

This company will mail you a debit card so that you can use your Bitcoin in your preferred Fiat currency.

Some exchange services allow you to trade bitcoin.
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Some of these exchange services will allow you to trade your bitcoins. You get Bitcoin Exchange services that limit the amount of Bitcoin you buy and sell each day. Many of these exchanger and wallet systems store digital as well as fiat currencies for you, the ultimate in what regular bank accounts do.
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These exchangers and wallets are incredibly great in the event that you expect trading and don’t have to be 100% anonymous.
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Provide proof of your identity and contact information to the service.

As soon as you sign up for the online bitcoin exchange service you will need to provide your personal information in order to properly create your online account. Many countries require members to meet anti-money laundering criteria, so you should present proof of your own identity. You should keep in mind that online bitcoin exchangers do not give you the exact degree that security banks can offer. In other worlds, online bitcoin exchangers cannot protect you against hackers or get you a refund if you leave the business. It depends entirely on the exchanger, obviously, most have more robust security systems that are even more economically stable than others and a few others.
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Buy Bitcoin with your Exchange account.

Now that you have finished setting up your online Bitcoin Exchange Services account, you need to link it to your bank account so that you can easily send and receive money between the two platforms. Transferring cash from your bank to the online platform and vice versa, no charges may be required.
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You should read all the details on this in the online exchange system and in the support / FAQ sections of your bank platform. There are exchangers that enable you to make personal deposits to their bank accounts. One way or another, depending on your country you choose an online exchange platform is a very wise thing to do, some exchangers can probably limit their members to registration only if they live in the right country where they are located. There are some exchangers that allow cash transfers to foreign accounts, keep in mind that if you choose to continue with this method, the charges may be higher. This may include a hold-off for receiving your money.
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How to buy a bitcoin

There is no doubt that bitcoin trading is slowly taking the business world by storm. There is some hype that says bitcoin trading is dangerous and difficult but to be honest, getting bitcoin is much easier, easier than you think.

Here are some simple steps to buy Bitcoin:

· Find a wallet

First, you need to find an e-wallet. It is basically a store or supplier that provides software from which bitcoins can be bought, stored and purchased. You can easily run it on your desktop, laptop, or even smartphone.

· Register

After that, you need to sign up with e-wallet. You will create an account that will allow you to save your bitcoins. The e-wallet merchant will give you the opportunity to convert local currency to bitcoin. Therefore, the more local currency you have, the more bitcoin you can buy.

· Connect your bank account

After signing up, the trader needs to link his bank account with his trading account. For this purpose, some verification steps should be performed. Once verified, you can start buying Bitcoin and get started.

· Buy and save

Once you have completed your first purchase, it will be debited to your bank account and you will receive Bitcoin. The sale is done in the same way as the purchase. Keep in mind that the price of Bitcoin changes over time. The e-wallet you are working with will show you the current exchange rate. You should be aware of the rate before buying.

Mine bitcoin

There is another way you can buy bitcoins. This process is known as mining. The mining of bitcoins is similar to the discovery of gold from mines. However, since mining gold is time-saving and requires a lot of hard work, the same is true of mining bitcoins. You need to solve a series of mathematical calculations designed by computer algorithms to win free bitcoin. This is almost impossible for a newborn. Traders need to open multiple padlocks to solve mathematical calculations. This way, you don’t have to involve any kind of money to win bitcoins, because it’s just brain work that allows you to win bitcoins for free. Miners need to run software to win bitcoin with mining.

Bitcoin is a digital currency that has been around for a long time. Bitcoin trade has grown since it was launched and continues to grow today. The value of Bitcoin has also increased with its popularity. This is a new type of currency, which a lot of traders are looking attractive only because of its earning potential. In some places Bitcoin is even being used to purchase products. Many online retailers are also accepting bitcoin for real time purchases. There are many opportunities for Bitcoin in the coming era so buying Bitcoin will not be a bad option.

What is Bitcoin and why is cryptocurrency so popular?

Bitcoin has become a buzzword in the financial space. In fact, Bitcoin has exploded the scene in the last few years and many people and many large corporations are now jumping on the bandwagon or cryptocurrency bandwagon.

People in the cryptocurrency space are asking this completely new question; “What is Bitcoin?”

Well, in the beginning Bitcoin is actually a digital currency that goes beyond the control of any federal government, it is used worldwide and can be used to buy things like your food, your drinks, real estate, cars and other things.

Why is Bitcoin so important?

Bitcoin is not sensitive to issues such as government control and fluctuations in foreign exchange. Bitcoin is backed by the complete trust of (your) person and it is strictly peer to peer.

This means that anyone who completes a transaction with Bitcoin, the first thing they realize is that trying to send money from bank to bank or using any other service there is much cheaper than sending and receiving money internationally.

For example, if I wanted to send to China or Japan to tell me that I would have to take a fee from a bank and it would take hours or days to get this money.

If I use Bitcoin, I can do it instantly from my wallet or my cell phone or any computer without these fees. If I wanted to send gold and silver for example, it would take a lot of guards, it would take a lot of time and a lot of money to move it. Bitcoin can do this again at the touch of a finger.

Why do people want to use Bitcoin?

The main reason for this is that Bitcoin is the answer to these unstable governments and situations where money was no longer as valuable as before. We have that money now; The paper Fiat coin in our wallet is priceless and a year from now it will be even cheaper.

We’ve even seen big companies interested in blockchain technology. A few weeks ago, a survey was revealed to a handful of Amazon customers whether they would be interested in using cryptocurrency if they created Amazon. Its results showed that many are very interested. Even Starbucks hints at using a blockchain mobile app. Walmart has even applied for a patent for a “smart package” that will use blockchain technology to track and authenticate packages.

Throughout our lives we have seen a lot change from the way we shop, the way we watch movies, the way we listen to music, the way we read books, the way we buy cars, the way we search homes, the way we spend money and banks now. Cryptocurrency to stay here. If you haven’t already, the time has come for someone to study cryptocurrency thoroughly and learn how to take full advantage of this trend that is going to prosper all the time.

A brief introduction on how to buy bitcoin as a trade currency these days

Bitcoins are gaining worldwide acclaim these days for being a popular form of currency, and as a result, many people have expressed interest in buying them. Although many financial majors are not advising people to indulge in this crypto-currency form because of its rising value, it is rapidly gaining ground. To buy Bitcoins, fill out all the online details or download a mobile app and start investing in them, anyone can sign up for the wallet system for free. Simple banking payment methods can be used for people to exchange these at once. However, since security is the key issue, it is essential that these wallets be safe and that is why anyone should be able to choose a bitcoin service, as currency base wallets are of high quality and easy to use.

While an online wallet is a convenient way to buy Bitcoin, there are a few more options to choose from as a Bitcoin trader. Being traitors, it is also important to choose the right one and be careful about them. There are many established exchanges when looking for a bitcoin wallet system that offer wallet services to users when an individual should have multiple signature benefits. Users can also use Bitcoin Exchange Search on their respective computers or mobile phones and by typing in some general information like typing the name of their country, the individual can discover the wide exchanges available around the world and check their current status. Various options such as local bitcoin services are available to help users exchange cash. These national territories allow users to go to the nearest bank branch and accept bitcoins for depositing cash.

Many people believe that bitcoins represent a new era of digital currencies and are often confused with them. However, since the Bitcoin chain system is fully computerized, it is quite easy to buy and use, and especially for international transactions, they are very cheap. Since exchanges require different payment processes such as credit or debit cards, buyers can also buy online by opening an account based on the respective geographical location. After the exchanges receive the payments after verification, they will save the bitcoins on behalf of the individuals and deposit them in their respective wallets. For this, they charge some fees. The whole process can be time consuming. Many people who are learning how to buy bitcoins can also use the PayPal method for financial interactions.

How to use free bitcoin generator

Bitcoin is a new cryptocurrency designed by Satoshi Nakamoto in 2007 and it came into the business world in 2009, it was widely accepted by a large number of investors as it promises a higher return on their investment. Bitcoin is used as an alternative currency in many countries. Many Bitcoin companies have established themselves by expanding their customer base in different countries by offering attractive returns and easy convertible policies. A bitcoin generator is becoming a new trend that doubles or triples the amount of investment.

Companies are giving their investors a protection base It is still affected by market fluctuations and with the most modern software and hardware solutions, it makes sense to the general public Bitcoin companies are encouraging their customers to invest more and making millions more Income.

How to use a bitcoin generator

To learn how to use the free bitcoin generator, first open the bitcoin software on your desktop screen. Now connect it to your internet server, since it is secure and anonymous you can easily create or double your problem without any problem. So the main step in doubling your bitcoin is to add the sum first. To deposit money you need to enter the address of your Bitcoin wallet in the deposit bar. Now your wallet window will open, from there move to your supply bar. For this purpose, click the Send button and paste your Bitcoin deposit address to send money to the Bitcoin software to double your amount. You will see a notification of successful payment transfer in your Bitcoin software window. Now, this bitcoin currency will be converted into software currency, the amount will be doubled automatically after a few minutes. Click the Deposit Now button to double the amount deposited and the amount. Then click the refresh button to get the full summary of your transaction, for example, if you deposit 0.10 bitcoin, the double amount will be 0.20 bitcoin in your wallet. Now to withdraw your Bitcoin money you need to go to your Bitcoin Wallet, from there click the Receive button and copy the address popping up in your window. The next step is to paste the address in the Windows Bitcoin bar and click the Withdraw button. The whole process will take some time, but after completion, you will see a notification on your screen stating “Received Bitcoin” and the Bitcoins will appear in your wallet.

A bitcoin generator is an easy way to make easy money. Bitcoin functions based on cryptographic protocols. Bitcoins are currency symbols, through which the user transfers money to Bitcoin instead of the actual amount. Bitcoin Generator is a programming software that doubles or triples your Bitcoin in 5 to 10 minutes with minimal balance in your Bitcoin wallet. There are many companies that offer a free bitcoin generator, but do thorough research before investing because most of them are fraudulent. Bitcoin is a new currency for the new generation and has a wide range of opportunities in the near future.

Smart Bitcoin Strategies to Collect Gold Booleans

I heard about Bitcoin a few years ago in 2013 and I don’t expect it to become a strong cryptocurrency today. At the time of writing this article, it trades in the market at a higher price than gold. This has opened a window for many possibilities for me, as I am already in the market to acquire this digital currency and gold bullets on a daily basis.

With my experience I have gained knowledge and developed methods for using this cryptocurrency and using its power to seamlessly create the wealth wheel of gold acquisition.

The following points are the methods I use to collect bitcoins and gold bullets.

  • Find a company that sells gold bullets

  • Open an online bitcoin wallet

  • Start digging bitcoin online or offline

  • Buy gold bullets with bitcoin

The above are the initial steps to perform the process and it requires specific methods to make it successful. In my opinion this is the best bitcoin strategy to accumulate gold and deliver it to your doorstep every month.

Find a company that sells gold bullets

There are many online companies on the Internet that sell gold bullets, but only a handful of provocative programs once you become their client. You need to find a company that offers more than just gold. The company needs to supply quality products, such as gold bulletins of 1 gram, 2.5 gram and 5 gram size. The gold itself must be 24 carat gold which is the highest quality you can get. Once you refer people to the company, you need to allow them to earn commissions for incentive programs.

Open an online bitcoin wallet

Once you are ready to get started in the cryptocurrency market you will need your place to store your bitcoin. Many Bitcoin Wallets are available to the public for free. Find a company that provides a wallet for storing Bitcoin and an offline vault to protect it. Many hackers are trying to access online users’ wallets and steal all their bitcoins. If you store your bitcoin offline, you will never fall victim to online hackers.

Start digging bitcoin online or offline

There are two main ways to get Bitcoin. My bitcoin online or offline. Bitcoin mining online is much simpler and much easier than the offline method. I personally use two methods to test the profitability of each. Joining an online bitcoin mining firm would be a great way to get started.

You also need to be very careful about this option, as thousands of scammers claim to have bitcoin firms, but in reality they do not. These guys create registry schemes and steal from you as much as possible. There are also trusted and real companies that use bitcoin firms every day that I personally use

You can also buy Bitcoin Miner and make my Bitcoin offline. This is computer hardware set up in your home. This hardware is then connected to the internet and Bitcoin mining will start. This bitcoin will be automatically sent to your online bitcoin wallet.

Buy gold bullets with bitcoin

Now that your Bitcoin is coming on a daily basis there are very specific ways to buy billions of gold from the company you have chosen that need to be followed. You need to associate your Bitcoin wallet with a Visa card. This card must be given to you by your preferred bitcoin wallet company. Use this card to buy gold bullets anytime you have enough bitcoin in your online wallet.

I use the above very basic steps to make this process a success and once I started doing it I could no longer look back.

Things You Should Know About Bitcoin Black

What is Bitcoin Black?

Bitcoin Black is basically a human cryptocurrency, by people for people. It will be adopted for use as a peer 2 peer payment system which gives energy back to the people.

If we talk about Bitcoin, Bitcoin has failed at it, the real value comes from the practical use of the ecosystem and the empowerment of the people. Bitcoin transactions are slow and expensive, and it can be said that Bitcoin is somewhat centralized. Bitcoin takes people’s power because it is heavily driven and through cycles that generally discourage participants from cryptocurrency.

People buy bitcoin to get rich without getting involved in the ecosystem. One percent take advantage of elite bitcoins to create discouragement, strategically raise prices, and attract entrants for asset dreams and currency dumping for their benefit. Fear of recourse. Bitcoin is perfectly regulated, pumped and manipulated at will, for a variety of reasons.

Bitcoin Black is focusing on solving these problems because the currency is a cryptocurrency with a fair distribution of 1 million wallets before the IPO. , Simplicity and community.

The goal is to make it a truly autonomous network to restore power to the people. He does not belong to any group, but he belongs to many branches of the community.

Coin distribution

Bitcoin Black’s goal was initially to place aircraft in at least 1 million wallets with no more than 0.5% of 1 founding member’s proprietary supply making it a truly decentralized cryptocurrency.

The project has pre-sale 2.5% of the total supply which is about 900 million coins.

If we take a look at IoT, the 7.2 billion IoE coins will be allocated on a number of community basis which will help the community move the project forward in the future.

Counterpart funds for manipulation (about 5%). The part used to eliminate the possibility of a small initial manipulation for the stability control fund and to maintain the stability of the currency.

Ultimately, the rewards for launching the app will be 14.4 billion coins.

Introducing 30 million members with new user growth rates. Each school yard / university / workplace and a way to bring money into the community.

Total supply

The maximum supply is 36 billion coins.

Rewards

3.6 billion coins will be claimed by members who help share the airdrop.

Simple social sharing platform with one click. Share a social message that provides an introduction to encrypted videos and app download links that will allow your friends to download it. Currently the platform is active and running efficiently.

Innovation

The best innovation is the free transaction. You can send Bitcoin Black to anyone for free. Transactions are instant and you can send money as easily as sending a message.

Wallets are easily accessible and easy to use.

Conclusion

Bitcoin blacksmiths have a fairly mass distributed currency with a supply of supplies that will create less volatility by synchronized pumps and dumps and lead to more stable prices. Bitcoin Black is going to be the next Bitcoin. You can register for Airdrop by clicking here. I hope that in 2006 someone added me to Bitcoin AirDrop. Bitcoin Black will change lives and we want to make it as clear as possible.

A step-by-step guide to bitcoin mining for beginners

Bitcoin mining is the process of verifying transactions in each blockchain. It validates each transaction and then publicly shares the transaction across peer-to-peer networks for all to see. Bitcoin miners are the people responsible for verifying and withdrawing every transaction before adding it to a block to create a blockchain. Once a miner puts the next block in the blockchain, he can claim a reward that is usually in the form of bitcoin. The more you solve mathematical calculations the more rewards.

You do not need to be a professional software developer or coder to take part in bitcoin mining. Below is an easy to follow step-by-step guide for bitcoin mining beginners.

Get a bitcoin mining hardware

Bitcoin mining hardware

The mining world is becoming more complex as higher computing forces are employed in mining. With so much investment in hardware, the higher the level of mining, the harder it is to make a profit. Bitcoin mining is highly competitive and you need to do adequate research before investing in a hardware. Previously it was possible to use your personal CPUT bitcoins in mining but with mining complexity, this method is no longer effective. You need to buy a specially built computer whose main purpose is to dig bitcoin.

Get a Bitcoin Wallet

Bitcoin Wallet

You need to have a wallet to store your digital currency locally or online. A wallet comes with a public wallet address and a private key or password which is the most important detail to note. If your wallet is self-hosted, you need a copy of your wallet.dat file to prevent you from losing your investment. It acts as a backup wallet in case of any mishap on your machine. You can even get wallets for their mobile devices. The highly recommended wallet is a self-hosted or locally made wallet.

Find a pool to join

Mining pool

It is recommended that you choose to join a mining pool or a single mine. A mining pool is a group of miners who come together to share resources and share prizes. A pool guarantees you a quick return as well as combining your computing power for a greater result. Each pool has its own rules, reward procedures and fees for mining. You just have to be more discriminating with the help you render toward other people. Excavation alone is complicated and you cannot make any return on investment.

Get a mining software for your computer

Mining pool

There are several free mining programs depending on the hardware you are using. The mining program helps monitor and control your hardware. Some common mineral programs are Cigminer, BFG Miner and Easyminer. If you are in a pool, it is advisable to consult them when connecting your pool to your program. Programs run on a command line and may require a batch file to get started properly.

Mine

After all you are ready to go. Run your mining program and get started by entering your pool username and password. You will notice your machine slowly while the miners are working.

It is very important to monitor the temperature closely as the software heats up your hardware. Some programs like SpeedFan can check the temperature. You don’t even want to literally risk your investment before you start working. After a while, you should check how much you are earning to see if your investment is worth continuing.