Posted ByDave SynderDespite the hype about how difficult and dangerous it can be, getting bitcoins is a lot easier and safer than you might think. In a lot of ways, it is probably easier than opening an account at a traditional bank. And, given what has been happening in the banking system, it is probably safer too.
Get a miner. There are a number of mining options for multiple platforms although OSXusers may find themselves in a bit of a pickle. Miners utilize spare GPU cycles to power the mining operation, similar to services like SeTi. Miners, however, use these types of cycles to help handle peer-to-peer processes connected with bitcoins. Therefore by doing “work” you are preserving the network as well.
In order to get started to generate and trade Bitcoin s you have to download and install what is called a Bitcoin client to your computer. This will give you the Bitcoin Paper Wallet wallet and address. When people want to pay you give them your Bitcoin address and they send it to there.
Anyway the software costs $20 (I BROUGHT THE PRICE DOWN JUST TO SATISFY THOSE CLAMORING THAT THE PRICE IS TOO HIGH,I WILL INCREASE IT AFTER 30 DOWNLOADS…) only and payment is made via Liberty Reserve.
Always one to try to understand the relation of economics and politics, I asked our Argentine contact what life was like for the average Argentinian in Buenos Aires. She related how expensive it was for the average person to purchase imported items. This resulted from their most Bitcoin Paper Wallet recent economic crisis of When I mentioned traveling overseas, she looked at me cross-eyed. There was no way this was possible for her without saving for quite some time.
12/13: With the Ante Up Poker Tour visiting Red Rock in January, we thought it would be good to have its tournament director on the show to tell us all about the series. [Visit Website] [Download MP3].
Even the very thought of such a concept would seem astounding and rather unacceptable to the human mind. But then so were two hitherto unheard brothers who went by the name of Orville and Wilbur Wright and their unbelievable machine that has made travel across the worlds oceans, but a mere silky smooth pillow to rest and wake up to.
Disadvantages associated with Bit coins: 1.Since bit coins are also the way of private payment these currencies are also used for purchasing illegal things. 2. purchasing of bitcoins are usually not so easy. 3. There is also no refund when you buy bitcoins. 3. Since payment with bitcoins do not need name, address and information of purchaser, hence if any fraud happens then it is not easy to find that person. 4. In many countries bit coins are banned hence you cannot use it worldwide.