Bitcoin, safe and easy. Coinbase (www.coinbase.com) is an international digital wallet that allows you to securely buy, use, and accept bitcoin.
Funds
are are stored securely online using bank level security, and you can
remotely deactivate your device without losing your funds from the
Coinbase website if you lose it. Transactions are instantly synced with
your web account and across all your devices.
Features:
* Hook up your bank account to start buying and selling bitcoin in minutes.
* Send bitcoin via email, QR code, or NFC, with zero transaction fees.
* Bank level security means your bitcoins are safe.
* Connect multiple Coinbase accounts and easily switch between them
* Set a passcode to protect the app
* Remotely disable your phone's access if it is lost or stolen
* View your balance and the current bitcoin price with home screen widgets
one of the premier bitcoin wallet services in the world,
launched their new website design today so I am taking the opportunity
to review their service and tell everybody that I think it is time to
open a bitcoin wallet.
I say this not only because I opened my own, but because while the
majority are still analyzing if bitcoin will be a valid currency or not,
I say it is a store of value, an exchange mechanism, and a unit of
account, therefore it is already a currency.
The question then is where to open a bitcoin wallet. There are many
services based in many countries, but Coinbase is a very appealing
alternative for the regular consumer who needs a smart and practical
solution.
Coinbase is a bitcoin wallet, a place where you can buy, sell, send,
and receive bitcoins, and a solution for merchants to get paid in
bitcoins.
This is a description of the Coinbase bitcoin service features:
It is compliant: The company is based in San
Francisco in the US and they are compliant with state and national
regulations regarding financial markets and money transfer rules. This
is very good in an environment where some services are struggling with
regulations and some others are plain shady.
It is connected to the US dollar financial system:
Coinbase makes a point of providing an easy way to handle, buy, sell,
and pay with bitcoins. Their wallet account can be linked to your
regular bank account and this makes it easy and secure to exchange
bitcoins with dollars and vice versa and thus to transfer money between
your bank account and your Coinbase wallet.
Tuesday, 23 September 2014
Monday, 22 September 2014
Bitcoin beginning
Bitcoin is the first open source, peer to peer, decentralized technology that transfers tamper-proof ownership of digital data without the use of a third party.
Conceptually, Bitcoin is the largest on-going experiment that is meant to make our day-to-day lives more efficient, convenient and safe. It's considered "on-going" because Bitcoin's code could potentially be updated by brilliant developers that want to improve its stability and functionality.
At its core, Bitcoin is a protocol similar in the way the TCP/IP protocol is for the internet. You may not be familiar with TCP/IP but everyone knows and uses websites that are built on-top of TCP/IP. Bitcoin is a platform to build and support an infinite amount of infrastructure. Infrastructure comes in the form of innovative applications that may already exist but can potentially be improved with the use of Bitcoin or applications that were not possible to achieve before Bitcoin’s existence.
You may have heard of Bitcoin for being used as digital cash over the internet because it is faster, cheaper, etc. Money is just the first application of Bitcoin, but the technology has unlimited applications yet to be discovered.
Bitcoin is the solution to one of the largest problems faced since the invention of the internet - double spending. Contrary to data on the internet that can be easily cloned, bitcoins cannot be duplicated or counterfeited.
TLDR: Bitcoin is a protocol that integrates cloud, decentralization, open source, peer to peer and blockchain technologies to transfer tamper-proof ownership of data without a third party. The protocol supports new and innovate applications that can be built around Bitcoin. The innovation will change the way we interact peer to peer as “currency” is just the first application of Bitcoin.
The Bitcoin whitepaper was published on October 31, 2008 by Satoshi Nakamoto. Bitcoin was registered on sourceforge.com, a place for developers to collaboratively manage free open source code. The first block (the gensis block) was mined on January 03, 2009. This day is considered Bitcoin's birthday. From 2009-2011 (mid), Bitcoin ran under the radar and was accepted by visionaries, unknown, or misunderstood. But in the summer of 2011, Bitcoin slowly gained traction and legitimacy as visionaries and entrepreneurs discovered Bitcoin's advantages and it's huge potential.
TLDR: The Bitcoin whitepaper was published on October 31, 2008 and went live on January 03, 2009.
There is no owner of Bitcoin, as a result, Bitcoin is not susceptible to having a single point of failure. Also, Bitcoin is operated by those participating in the peer to peer network. As long as two bitcoin nodes exist, Bitcoin can remain functional.
TLDR: No one owns Bitcoin. Bitcoin is distributed all over the world by its users.
Bitcoin has the potential to be used for a diverse range of technical developments. The list of merchants that accept Bitcoin is growing rapidly on a worldwide spectrum. The acceptance of Bitcoin is being done in a wide variety of ways whether it is for in-store purchases or online. Purchases can range from purchasing an $11.00 t-shirt to an $11,000,000.00 yacht to a ticket to fly to space.
TLDR: Use Bitcoin for almost anything, either directly or indirectly via 3rd parties.
Bitcoin was created by a mysterious person or group that went by the pseudonymous forum name, Satoshi Nakamoto, on bitcointalk.org. Satoshi severed all communication between everyone but before he disappeared he encouraged the current lead bitcoin core developer, Gavin Andresen, to continue working on Bitcoin.
Luckily, Bitcoin’s platform is “open-source” which means anyone in the world can audit it and it is not reliant on the trust of human behavior, rather the trust in its mathematics and coding.
TLDR: Bitcoin was created by someone or a group under the pseudonymous of Satoshi Nakamoto.
Conceptually, Bitcoin is the largest on-going experiment that is meant to make our day-to-day lives more efficient, convenient and safe. It's considered "on-going" because Bitcoin's code could potentially be updated by brilliant developers that want to improve its stability and functionality.
At its core, Bitcoin is a protocol similar in the way the TCP/IP protocol is for the internet. You may not be familiar with TCP/IP but everyone knows and uses websites that are built on-top of TCP/IP. Bitcoin is a platform to build and support an infinite amount of infrastructure. Infrastructure comes in the form of innovative applications that may already exist but can potentially be improved with the use of Bitcoin or applications that were not possible to achieve before Bitcoin’s existence.
You may have heard of Bitcoin for being used as digital cash over the internet because it is faster, cheaper, etc. Money is just the first application of Bitcoin, but the technology has unlimited applications yet to be discovered.
Bitcoin is the solution to one of the largest problems faced since the invention of the internet - double spending. Contrary to data on the internet that can be easily cloned, bitcoins cannot be duplicated or counterfeited.
TLDR: Bitcoin is a protocol that integrates cloud, decentralization, open source, peer to peer and blockchain technologies to transfer tamper-proof ownership of data without a third party. The protocol supports new and innovate applications that can be built around Bitcoin. The innovation will change the way we interact peer to peer as “currency” is just the first application of Bitcoin.
The Bitcoin whitepaper was published on October 31, 2008 by Satoshi Nakamoto. Bitcoin was registered on sourceforge.com, a place for developers to collaboratively manage free open source code. The first block (the gensis block) was mined on January 03, 2009. This day is considered Bitcoin's birthday. From 2009-2011 (mid), Bitcoin ran under the radar and was accepted by visionaries, unknown, or misunderstood. But in the summer of 2011, Bitcoin slowly gained traction and legitimacy as visionaries and entrepreneurs discovered Bitcoin's advantages and it's huge potential.
TLDR: The Bitcoin whitepaper was published on October 31, 2008 and went live on January 03, 2009.
There is no owner of Bitcoin, as a result, Bitcoin is not susceptible to having a single point of failure. Also, Bitcoin is operated by those participating in the peer to peer network. As long as two bitcoin nodes exist, Bitcoin can remain functional.
TLDR: No one owns Bitcoin. Bitcoin is distributed all over the world by its users.
Bitcoin has the potential to be used for a diverse range of technical developments. The list of merchants that accept Bitcoin is growing rapidly on a worldwide spectrum. The acceptance of Bitcoin is being done in a wide variety of ways whether it is for in-store purchases or online. Purchases can range from purchasing an $11.00 t-shirt to an $11,000,000.00 yacht to a ticket to fly to space.
TLDR: Use Bitcoin for almost anything, either directly or indirectly via 3rd parties.
Bitcoin was created by a mysterious person or group that went by the pseudonymous forum name, Satoshi Nakamoto, on bitcointalk.org. Satoshi severed all communication between everyone but before he disappeared he encouraged the current lead bitcoin core developer, Gavin Andresen, to continue working on Bitcoin.
Luckily, Bitcoin’s platform is “open-source” which means anyone in the world can audit it and it is not reliant on the trust of human behavior, rather the trust in its mathematics and coding.
TLDR: Bitcoin was created by someone or a group under the pseudonymous of Satoshi Nakamoto.
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