HOW TO MAKE MONEY WITH BITCOIN

We were all reminded of the power of money in 2008, when seemingly without warning, major American financial players crumbled to the tune of $700 billion dollars in government bailouts. This seemingly-local sub-prime crisis took down the world’s largest names in finance, and forced the nationalization of banks on both sides of the Atlantic.

Countries’ economies shifted. Some countries even went bankrupt because of it. The weaknesses in our financial system
are clearer than ever. Out of this pure weakness rose a white paper, simply titled: Bitcoin: A Peer-to-Peer Electronic Cash System.

In it, author Satoshi Nakamoto presents a different view of how money could work: inclusive, participative, transparent, inexpensive, and, most importantly, not controlled by any one government, institution, company or even person. The premise of Bitcoin is total financial inclusivity, using the Internet. We believe in Satoshi Nakamoto’s vision. The flow of money has been restricted, controlled and manipulated by a small group of players for far too long. Digital currencies like Bitcoin are transforming these systems.

Bitcoin is the currency of the Internet: distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.

Bitcoin was launched in 2009 by Satoshi Nakamoto, an anonymous developer. What makes bitcoin so unique is that it is completely decentralized. Users participating in the network create bitcoins by mining them via their specially designed computer systems. In return, the users who mine these coins also participate in the network ensuring it stays completely decentralized.

Since bitcoin’s first appearance, there has been a dispute in which many argue that bitcoin is simply a new payment method rather than a currency. There is a limited, but growing amount of online vendors who accept bitcoin as payment. And if you look at it that way, bitcoin can perfectly be considered as a payment method.

In fact, these claims are supported by the business model of companies such as Coinbase or BitPay, which are proof that bitcoin is only being used as a payment method.

Bitcoin, itself does not have any value: no one sells items in Bitcoin amounts, but rather in dollar amounts that are paid via Bitcoin. A single Bitcoin’s value is determined solely by supply and demand which is expressed in dollars. So in a sense, its value is pegged to the value of the dollar. Many argue that this is the key factor in which Bitcoin cannot count as a real currency.

But these arguments are simply the tip of the iceberg in a discussion that leads to nowhere. By using the same approach one might argue that even cash is only a payment method and that gold has no value as it is expressed in currency amounts, and that Bitcoin is equally a commodity like gold.

Just a set of mixed up ideas which can’t bring a real contribute whatsoever, but that in a certain way, these could even make some sense.

Bitcoin is in fact, a payment method as it is a digital cash like currency and the US even recognize it as a commodity as well. Simple as that. Just like cash and gold, bitcoin is a mean of exchange as well. And I think this buries the discussion!

Bitcoin is a new kind of money (digital currency) that can be transferred over the internet without the need for a third-party such as a bank or other financial institution.

Why Bitcoin?

It's an easier and faster way to deliver money to anyone anywhere at any time. There are no minimum transaction or exchange fees, so you save money in the process.

How does Bitcoin work technologically?

In 2009, Satoshi Nakamoto released Bitcoin as a piece of software and system. Because Bitcoin is software, anybody can run it on a computer and then be able to participate in the global economy.

Bitcoin is therefore a lot like email. Bitcoin software is known as the blockchain which tracks ownership the way that banks do. Blockchain is very different than a bank's ledger because it is public and distributed and this means it can be instantly viewed from anywhere and is updated constantly.

The software is also open-source, meaning that no one institution or government or person has control over the entire system.

What is a bitcoin address?

A bitcoin address is a alphanumeric bitcoin code.
Your alphanumeric address looks similar to this: 1HB5XKLmjFVj8ALj6mfBsbifRoD6miY36v.

You may use the bitcoin address to receive bitcoin directly. It's just easier to remember and easier to read.
A QR code lists the bitcoin address.

To make money with bitcoin click here. 

You can also earn Bitcoins conveniently from home by participating in this bitcoin affiliate program.
If you want to know more, click below.