Bitcoin

Cryptocurrency is the new big thing everyone is talking about. It’s just gone main stream or about to. I’ve out with friends and everyone is talking about but are they investing in it? The sceptics are also still around. Which is total normal as all investments have risk and cypto is high risk. The are of investing is to minised the risk whilst maximising the reward. If you are looking it as an investment or want to start using the digital currency. Yes, if you invested a approx £1000.00 in 201 bitcoin was the only option after the calpse of Lenman Brother and the financial meltdown of 2008-9 you would of has a return of 3500% as of September 2017 as I write this post. 1000×3500 = 3,500,000.00 You a bitcoin multi million in 8 years.  Check out prices today? The white paper from made it on the web from a Satoshi Nakamoto who is the creator of the first cryptocurrency and bitcoin. Bitcoin is decentralised, no bank of Englad but a mining process takes place which uses complex mathematical alogorythn with peer to peer mining. Which is effectively many computers are synced up globally all using processing power is harvest these coin which are fraud free. Fraud free but not crime free, Read on.

Like paper money and gold before it, bitcoin and ether allow parties to exchange value. Unlike their predecessors, they are digital and decentralized. For the first time in history, people can exchange value without intermediaries which translates to greater control of funds and lower fees.

What is Cryptocurrency

It’s a digital currency, like the GBP / Dollar that allows you to purchase things on the internet. It’s like having cash in the sense that if you lose it or someone still it from you. It’s gone. That why storage / security is a hugh issue. As a new industry there have been and gone startup and wallets and exchanging have emerge with MTGOX being a massive dent in confidence to the layman investor failed venture and “Mt. Gox announced that approximately 850,000 bitcoins belonging to customers and the company were missing and likely stolen, an amount valued at more than $450 million at the time. Although 200,000 bitcoins have since been “found”, the reason(s) for the disappearance—theft, fraud, mismanagement, or a combination of these—were initially unclear. New evidence presented in April 2015 by Tokyo security company WizSec led them to conclude that “most or all of the missing bitcoins were stolen straight out of the Mt. Gox hot wallet over time, beginning in late 2011.” WikiPedia

Storage / security

A wallets is an app that sits on your smart phone and allows you to generate a code that allows you to purchase bitcoin or other cryptocurrency from an exchange. A phases with words is generated and then that you must remember (difficult) that  or write it down. If you lost this your coins are gone.. There are other storage methods like a paper wallet or a hardware wallet know as a cold store. These device can be stored in a safety like a safety deposit box which is about £200 per annum. May seem a little over zelus but if you look at my above example £1000 multiplying into £3.5m you’s want to make sure you cash want just sitting under your mattress, right?

Wallets

Paper wallet – where is states you “if you lose the qr reader thgen you can use it” isnt true as long as you have the number.

Use these video to play around with a budget of £10/20 to get to grips with the process.

useful info: bit address.org

Safety deposit box or safe with a hardware wallets stored. Hardware is effectively a USB. However their are spectics Cryptocurrency once that generatew codes etc. Such as

Nano, trezor

Exchanging

Find a list here: https://www.buybitcoinworldwide.com/

Fraud

The coins them selfs are impossible to replicate as you’d need a machine the size of London to do this instead minings sereend there computer processing to mine these coins. Fruad takes place it they are stolen / so theft from you wallet / hacked or a transactions takes place between merchant and purchaser’s.

future – has the value reach its max?

Why online products are successful – coming soon

How to purchase – coming soon

List of Companies Who Accepts Bitcoins as Payment (As of September 2017)!

Many companies are accepting bitcoins, many are not. Here is a list of the biggest (and smaller) names who accepts bitcoins as a currency.

• WordPress.com – An online company that allows user to create free blogs
• Overstock.com – A company that sells big ticket items at lower prices due to overstocking
• Subway – Eat fresh
• Microsoft – Users can buy content with Bitcoin on Xbox and Windows store
• Reddit – You can buy premium features there with bitcoins
• Virgin Galactic – Richard Branson company that includes Virgin Mobile and Virgin Airline
• OkCupid – Online dating site
• Namecheap – Domain name registrar
• CheapAir.com – Travel booking site for airline tickets, car rentals, hotels
• Expedia.com – Online travel booking agency
• Gyft – Buy giftcards using Bitcoin
• Newegg.com – Online electronics retailer now uses bitpay to accept bitcoin as payment
•  Wikipedia –  The Free Encyclopedia with 4 570 000+ article
• Steam – Desktop gaming platform
• Alza – Largest Czech online retailer
• The Internet Archive – web documatation company
• Bitcoin.Travel – a travel site that provides accommodation, apartments, attractions, bars, and beauty salons around the world
• Pembury Tavern – A pub in London, England
•  Old Fitzroy – A pub in Sydney, Australia
• The Pink Cow – A diner in Tokyo, Japan
• The Pirate Bay – BitTorrent directories
• Zynga – Mobile gaming
• 4Chan.org – For premium services
• EZTV – Torrents TV shows provider
• Mega.co.nz – The new venture started by the former owner of MegaUpload Kim Dotcom
• Lumfile – Free cloud base file server – pay for premium services
• Etsy Vendors – 93 of them
• PizzaForCoins.com – Domino’s Pizza signed up – pay for their pizza with bitcons
• Whole Foods – Organic food store (by purchasing gift card from Gyft)
• Bitcoincoffee.com – Buy your favorite coffee online
• Grass Hill Alpacas – A local farm in Haydenville, MA
• Jeffersons Store – A street wear clothing store in Bergenfield, N.J
• Helen’s Pizza – Jersey City, N.J., you can get a slice  of pizza for 0.00339 bitcoin by pointing your phone at a sign next to the cash register
• A Class Limousine – Pick you up and drop you off at Newark (N.J.) Airport
• Seoclerks.com – Get SEO work done on your site cheap
• Mint.com – Mint pulls all your financial accounts into one place. Set a budget, track your goals and do more
• Fancy.com – Discover amazing stuff, collect the things you love, buy it all in one place (Source: Fancy)
• Bloomberg.com – Online newspaper
• Humblebundle.com – Indie game site
• BigFishGames.com – Games for PC, Mac and Smartphones (iPhone, Android, Windows)
• Suntimes.com – Chicago based online newspaper
• San Jose Earthquakes – San Jose California Professional Soccer Team (MLS)
• Crowdtilt.com – The fastest and easiest way to pool funds with family and friends (Source: crowdtilt)
• Lumfile – Server company that offers free cloud-based servers
• Museum of the Coastal Bend – 2200 East Red River Street, Victoria, Texas 77901, USA
• Gap, GameStop and JC Penney – have to use eGifter.com
• Etsy Vendors – Original art and Jewelry creations
• Fight for the Future – Leading organization finding for Internet freedom
• i-Pmart (ipmart.com.my) – A Malaysian online mobile phone and electronic parts retailer
• curryupnow.com – A total of 12 restaurants on the list of restaurants accept bitcoins in San Francisco Bay Area
• Dish Network – An American direct-broadcast satellite service provider
• The Libertarian Party – United States political party
• Yacht-base.com – Croatian yacht charter company
• Euro Pacific – A major precious metal dealer
• CEX – The trade-in chain has a shop in Glasgow, Scotland that accepts bitcoin
• Straub Auto Repairs – 477 Warburton Ave, Hastings-on-Hudson, NY 10706 – (914) 478-1177
• PSP Mollie – Dutch Payment Service
• Intuit – an American software company that develops financial and tax preparation software and related services for small businesses, accountants and individuals.
• ShopJoy – An Australian online retailer that sells novelty and unique gifts
• Lv.net – Las Vegas high speed internet services
• ExpressVPN.com – High speed, ultra secure VPN network
• Grooveshark – Online music streaming service based in the United States
• Braintree – Well known payments processor
• MIT Coop Store – Massachusetts Institute of Technology student bookstore
• SimplePay – Nigeria’s most popular web and mobile-based wallet service
• SFU bookstore – Simon Fraser University in Vancouver, Canada
• State Republican Party – First State Republican Party to accept bitcoin donations(https://www.lagop.com/bitcoin-donate)
• mspinc.com – Respiratory medical equipment supplies store
• Shopify.com – An online store that allows anyone to sell their products
• Famsa – Mexico’s biggest retailer
• Naughty America – Adult entertainment provider
• Mexico’s Universidad de las Américas Puebla – A major university in Mexico
• LOT Polish Airlines – A worldwide airline based in Poland
• MovieTickets.com – Online movie ticket exchange/retailer
• Dream Lover – Online relationship service
• Lionsgate Films – The production studio behind titles such as The Hunger Games and The Day After Tomorrow
• Rakutan – A Japanese e-commerce giant
• Badoo – Online dating network
• RE/MAX London – UK-based franchisee of the global real estate network
• T-Mobile Poland – T-Mobile’s Poland-based mobile phone top-up company
• Stripe – San Francisco-based payments company
• WebJet – Online travel agency
• Green Man Gaming – Popular digital game reseller
• Save the Children  – Global charity organization
• NCR Silver – Point of sales systems
• One Shot Hotels – Spanish hotel chain

• Coupa Café in Palo Alto

• PureVPN – VPN provider
• That’s my face – create action figures
• Foodler – North American restaurant delivery company
• Amagi Metals – Precious metal furnisher

If your a developer and build with Magento, Shopify and WordPress and many many more are all geared up for Cryptocurrency special bitcoin. That thank you to Tony Gallippi CEO @ Bitpay. Word on the interet is it you wee in Norway everywhere accepts bitcoin. You could live on it as a currency.  Food, services etc.

This is a new industry so a lot of trailer and error and the errors can be deviating so do your own research and this blog is for your to become inquisitive and do just that.. That’s a disclaimer by the way.