Create the Bitcoin Wallet with Xapo
here:http://xapo.com/r/29STF3Z
here:http://xapo.com/r/29STF3Z
Wednesday, September 30, 2015
Bitcoin Faucets
Getting Started with Bitcoins
1. Inform yourself
Bitcoin is different than any currency you’ve used before, so it's very important to understand some key points. Unlike government issued money, that can be inflated at will, the supply of bitcoin is mathematically limited to twenty one million bitcoins, and that can never be changed. Bitcoins are impossible to be counterfeited or inflated. You can use them to send or receive any amount of money, with anyone, anywhere in the world, at very low cost. Bitcoin payments are impossible to be blocked, and bitcoin wallets can’t be frozen. Short of turning off the entire world's internet, and keeping it turned off, the Bitcoin network is unstoppable and uncensorable. While Bitcoin brings unparalleled freedom, it also requires increased user responsibility, but the rewards are well worth your time. Read on to learn how to save 20% on everything from Amazon thanks to Bitcoin. Or you can ask questions from lots of other Bitcoin users in our Bitcoin forum.2. Choose your wallet
Choosing a wallet is easy, but there are lots of different options. The most important distinction is between bitcoin wallets, where you are in control of your own bitcoins just like your conventional wallet, and wallets that act more like banks, where you have to trust someone else to hold your bitcoins for you. There are advantages and disadvantages to both, but in general, we think it is best for users to hold their bitcoins themselves. You can have as many different bitcoin wallets as you want, but for now, it’s likely easiest to get started with a wallet for your iPhone or android so you will have your bitcoins wherever you go. Choose your wallet here.
3. Get bitcoins
Obtaining bitcoins works just like obtaining any other currency. You can sell something you already have for them. You can ask your existing employer to pay you in bitcoin. You can use a bitcoin based payroll service like Bitwage without your existing employer even needing to know. You can start accepting them as payment at your current business, or the easiest way is to just buy them on one of our trusted bitcoin exchanges.4.Spend bitcoins
Why would you want to spend bitcoins? How about 20% off everything at Amazon using Purse.io? Or how about 20% off every purchase you make at Starbucks thanks to Foldapp.com? Or you can find a local place near you that already accepts bitcoin at coinmap.org The possibilities are endless, so get started today!What Is BITCOIN?
What is Bitcoin?
With the Bitcoin price so volatile everyone is curious. Bitcoin, the category creator of blockchain technology, is the World Wide Ledger yet extremely complicated and no one definition fully encapsulates it. By analogy it is like being able to send a gold coin via email. It is a consensus network that enables a new payment system and a completely digital money.
It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. Bitcoin was the first practical implementation and is currently the most prominent triple entry bookkeeping system in existence.
Who created Bitcoin?
The first Bitcoin specification and proof of concept was published in 2009 by an unknown individual under the pseudonym Satoshi Nakamoto who revealed little about himself and left the project in late 2010. The Bitcoin community has since grown exponentially.
Satoshi's anonymity often raises unjustified concerns because of a misunderstanding of the open-source nature of Bitcoin. Everyone has access to all of the source code all of the time and any developer can review or modify the software code. As such, the identity of Bitcoin's inventor is probably as relevant today as the identity of the person who invented paper.
Who controls the Bitcoin network?
Nobody owns the Bitcoin network much like no one owns the technology behind email or the Internet. Bitcoin transactions are verified by Bitcoin miners which has an entire industry and Bitcoin cloud mining options. While developers are improving the software they cannot force a change in the Bitcoin protocol because all users are free to choose what software and version they use.
In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.
How does Bitcoin work?
From a user perspective, Bitcoin is nothing more than a mobile app or computer program that provides a personal Bitcoin wallet and enables a user to send and receive bitcoins.
Behind the scenes, the Bitcoin network is sharing a massive public ledger called the "block chain". This ledger contains every transaction ever processed which enables a user's computer to verify the validity of each transaction. The authenticity of each transaction is protected by digital signatures corresponding to the sending addresses therefore allowing all users to have full control over sending bitcoins.
Thus, there is no fraud, no chargebacks and no identifying information that could be compromised resulting in identity theft. To learn more about Bitcoin, you can consult theoriginal Bitcoin whitepaper, read through the extremely thorough Frequently Asked Questions, listen to a Bitcoin podcast or read the latest Bitcoin news.
Sponsors for free Bitcoins
Many people new to Bitcoin are curious about how to get some. Bitcoin faucets, places where bitcoins are given away for free, have been a part of spreading Bitcoin since the earliest days. But one problem is running out of bitcoins to give! That is why we have figured out a sustainable way to give away free bitcoins with sponsors.
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