Bobbals, Bangles and Bitcoin
I wish I was not so tied to this blog. There is so much to see, learn and to do on the internet, and I do not mean blog hop. I have bought some of the new digital currency, opened a wallet, and have started to disappear. What did he say? Yes, I said disappear. I went to the Tor project and learned how to start to disappear. I bought some bitcoin and continue to disappear. You see, Bitcoin is digitally encrypted, and in some respects is not even associated with you. Only when you put coins in your wallet, does it show something happened. If I do it while browsing in TOR the answer is difficult. You see, like the movies, your browsing is bounced from many sites around the world,thus you are lost to someone following your browsing patterns. With encrypted coins and no one knowing you location, you are disappearing.
A little more on Bitcoin. This digitally encrypted money is growing very quickly. Just over a year ago, a coin was worth a dime. Today one Bitcoin is equal to 31.18 USD. Had you had 2000 USD in Bitcoin back in 2010 and held it, today it would be worth, I think, over 600,000 USD. I am not a mathematician, so this can be off, but all in all you would have made a lot of money. You need to look at Bitcoin, Bitinstant, MtGox, and I think Bitstamp in Europe. This is not an American coin. It is a world coin, and is being traded in all currencies, around the world. If you can get on line you can buy Bitcoin and either save, or you can use it to buy. I would bet you can either have someone else buy it on line and put it in your wallet. Then you wallet can be put on a memory stick and you could carry it like a credit card. Like most things good, the bad sees it first. A place called Silk Road sells drugs and uses Bitcoins. You can also gamble with bitcoin. But there are also many business that operate in what is called the gray market. They sell legitimate products but may not have a good market where they are. Some are illegal where they are, but not where you are. These people are also using Bitcoin. A world market is growing and a world digital currency is also growing that is not tied to any bank, government, country or the UN. In this respect it is very amazing. For years we have been under the yoke of banks and government bureaucracies. Now through someone’s invention we have a currency that may be unbelievable in that it is less expensive, spendable in all countries, crosses borders without tariff, goes through currency exchange, many times without charges or fees. Here is something we have needed for a long time, and we sit back and wait to see if it is real. Sure a lot of the early guys are rich. But that is relatively unimportant. What is important, is that we have something that is truly good for the whole world. Everyone needs to buy some coins, to hold and to learn. As we use these Bitcoins the problems will be ironed out and the digital currency will become usable everywhere. There are thousands of stores now, but we need millions for the currency to be safe. It already seems secure, because of its encryption.
With a safe currency, the people in Europe will be able to protect their wealth. Maybe not the EURO but at least there personal money. Today you can board a plane with no money of any kind, go to another country, and whip out your address, and obtain bitcoin with your wallet, and buy the currency of that country, buy items, even gold or silver if that is legal. If you have no bitcoin and your money is in another country, it is not impossible to get your money, but it will take a few days. You have to set up transfers between banks and wait till the process is done. There will also be many fees. Bitcoin solves many of these problems.
Some of Silk Road drugs are those that are expensive or not obtainable in our country. Through Silk Road and Bitcoin you can safely buy the items you need. Silk Road has many shops selling Marijuana. In fact almost 15% of the sales are for MJ, weed or what ever you call it. It is mailed in a plain package to your door. If caught by the police, the quantity is small and you can say that it was mailed to you in error, as you did not want it. The police can not prove you bought it because you used Silk Road, TOR and Bitcoin. I do not suggest you do this, because in 77 years I have only use drugs for my knee replacements and a couple of cancer operations. I do not and have not use recreational drugs. The illustration is there for those that need pills not found here or where ever you are.
Why do I bring up disappearing? We live in a state of struggle between right and wrong, that is not paralleled in history. Through out the world we are being taxed by governments to the extent that individualism is destroyed. Only by changing the way we function as a society can we survive. We must protect our money and our independence. We can do this by protecting our self on the web. We can become invisible and do our business in any way we want. The fact that you can circumnavigate taxes and fees that the Government has set up is not our problem. If you want to pay taxes do so. But most of us feel that our money is ours, and not to be given to someone else, who chooses not to work. Redistribution of wealth is a socialist term. When you work for something, you should not have to give it to someone who did not work,
The biggest value of the Bitcoin may be when the Dollar and EURO die. And die they will because many countries are printing money as fast as they can to pay bills. This printing of money is causing the purchase capability of the Dollar to inflate at a rate that will destroy everyone. The Bitcoin is not a government product. It is a market driven currency and allows people of all countries to protect themselves, as they purchase Bitcoin as a hedge against the inflation. Bitcoin will rise in value do to use and market demand. It is not affected when one currency goes viral and out of control. Its value is constant. It may decrease in value, as it grows as a currency, but it will not go to zero, except the one case where everyone stopped believing in the system and stopped using it. So long as people believe, it will continue to exist.
So go Google Bitcoin or what ever browser you use. See what it is. Follow the links that are available. Learn how to use it. Get a wallet. They are free. If it cost, go where they are free. I had to get out of my fur lined fox hole and go to a CVS drug store to deposit money to buy my first Bitcoin. I need to learn more, so I can do it from home. I also need to learn how to use them to pay a bill. I have a lot to learn, but it is fun.
I did learn one thing. You can now donate to my wallet. My address is 15X9mauouMWoW53i6X6GdY3KfAFifqCdJx
You can send Bitcoin to that address. Thank you. Boy, you do go down hill in your old age.
Today, is two days later and the Bitcoin is now at 34.60 had has been as high as $34.99. That is a $3.42 rise in two days. We may be in the biggest wealth transfer in history. If you had bough a $1000 worth of Bitcoin at this price that is 32.07184 Bitcoin. You would now have $1,1o9.6856 or $109.69 in two days. Do that for one year and you would have $199, 743.40. Nice gain for a $1000 dollars. Will it continue to grow? Now is the time to look. What is it one bit coin might make as much as $547.20. Not bad for a $31.18 investment. I do not suggest you do this investment, but it is certainly worth a look with the dollar dying.