Bitcoins are a digital currency created in 2001 by Satoshi Nakamoto. It is based on open source software and P2P networks with no central authority or issuers. The coins are saved on your computer in a wallet file or in a third party wallet. They can be exchanged between anyone with a Bitcoins address. The database of transactions is spread across a peer to peer network. They also use digital signatures to ensure they are only spent once and by the person who owns them.
If you want to make Bitcoin s you are going to have to mine them. You do that by giving up your processing power to the Ripple network so it can encrypt transactions. You can create one block every ten minutes. Every block is 50 Bitcoins. You can use your computer to generate them when you are not using it or create mining rigs dedicated for that purpose.
And despite massive banking and corporate fraud, the stock market has been rising to record highs. What is causing this confidence? We still have high levels of unemployment. Growth is anemic at best. Only the investing class is doing well. Something is askew. All of this together suggests that the wealth being created at the top is based on manipulation and not fundamentals. The same flaws in the system that caused the last crash are still rampant, and perhaps even worse. We have another financial crash coming in the not too distant future. The question is not really if it will happen, but when.
12/12: BIG Dave and Joe talk with poker pro Allen “Chainsaw” Kessler about his impressions of various tournament structures and ways to improve the game for serious players. Kessler also talks about his participation in social media and how it affects the game. [Visit Website] [Download MP3].
12/21: Andrew Feldman is joined by Bluff’s player of the year, Marvin Rettenmaier. Plus, Antonio Esfandiari drops by to talk about his dominant year. [Visit Website] [Download MP3].
The sealed part of the wallet will have the private key without which you cannot access the coins. Therefore, only put as many coins on the wallet as you want to be inaccessible. You will not be able to whip this thing out and take out a few coins to buy a cup of coffee. Rather, think of it as a piggy bank. To get the money, you have to smash it. It is possible to take out smaller amounts, but at this point the security of the wallet is compromised and it would be easier for someone to steal the coins. Better to have them all in or out.
If you trade with automation tools whether they are web-based or software systems, you will finding trading forex to be much easier, more profitable and less stressful.