In the entry on the Tor network We left to talk about the Bitcoin and the cryptomonedas in general. This thing came up because cryptomonedas are the usual form of payment on the dark web as they allow an anonymous payment But let’s see what the Bitcoins and the cryptomonedas are in general.
What are cryptomonedas?
A cryptomoneda is a kind of digital currency to pay for goods and services on the Internet without the need for an intermediary bank.
Okay, and What are the advantages of this virtual currency in the face of life-long money? He’s got a few, but… The main thing is they’re anonymous., that is, that a seller cannot know who has paid for a service, does not come out your name in the transaction as it does when you pay with your credit card or if you use the payment with the phone we already talked about or if you make a transfer… and so they are used in the dark web or, for example, if your computer is infected with ramsonware and you have to pay a ransom for your files (ah, don’t we know what the ramsonware? We’ll talk about it in a
new entry later, I am in.) But this is not the only difference with conventional currencies:
– Decentralized: They are not controlled by any bank or government.
– International: You don’t need to change the currency according to the country where you make the purchase.
– Safety: No one can ‘seize’ your portfolio or block your balance.
– Almost immediate transactions: You don’t need to wait for your bank to issue the transfer and get to the destination, in a few minutes the transaction is valid.
As you will know, Governments are currently determining the value of foreign exchange through the issue of money, so if you emit more money this is worth less with respect to other currencies. However with cryptomonedas this cannot happen as they have controlled inflation, it is known from the first moment how many coins will be in circulation and the speed at which they will be generated.
It’s more or less clear to me… and what’s a Bitcoin?
The first cryptomoneda to emerge was the Bitcoin in 2009. The creator published the algorithm that generates the coins under the pseudonym of Satoshi Nakamoto that at first it was thought that he was a real person (a very smart person) but then it was found that he did not really exist and that it was a pseudonym used for the author’s own security (it is as if you knew that your neighbor is in charge of putting the paper roll in the Coin and Timbre Factory and then counts the tickets to send them to the banks).
How can I get Bitcoins?
There are several ways to get Bitcoin, but the simplest is entering one of the exchange websites and buying with your legal course money the amount of Bitcoins you can afford. Easy, right?
But there are more ways to get Bitcoin, can for example sell something or offer some service on the Internet and accept payments with Bitcoin, so the buyers will give you your first BTC (Bitcoin abbreviation).
And then there’s the way guai, which is’ mining ‘. To explain this of the mine you have to deepen a little more on the cryptomonedas and the algorithm used for its generation. When you make a transaction with Bitcoin, this transaction is sent to several sites other than the network for validation. If several of these points say the transaction is correct, then that transaction is approved and the parties involved are given a small reward, a kind of commission for having reviewed the transaction. For example, when you buy a house you have to go to a notary who reads the contract d
and buy and give faith, right? Well, imagine that you send that contract to hundreds of lawyers to validate it instead of using a notary… if the first 6 lawyers who answer say the contract is correct, it’s considered ‘validated’ and a small commission is paid, instead of paying the pasture which costs a notary and wait for it to be available, as we have sent it to hundreds of lawyers and some of them were available, so they have reviewed it at the same time. This is the blockchain So to understand us, and that’s the way cryptomonedas validate transactions. And you’ll be thinking ‘how easy, I just have to go
er that my computer validates transactions’ and indeed this is so, but as there are more Bitcoin on the network the algorithm is getting complicated and it is increasingly difficult to validate transactions. When all this started, you could leave your old computer on by mining Bitcoin and get small commissions in a more or less easy way… then you could no longer leave your old computer on, but you needed a moderate computer to validate transactions on time before the others… but it continued to get complicated, so instead of a powerful computer you went to need a fat server… and then with this very fat server, they allowed you to be part of it.
of a community, so if it was your community that validated the transaction and rewarded you, the Bitcoin was divided among all… that is, that we were late, as almost always happens to me in life.
So you can get a sense of how complicated the algorithm and the calculation power required, it is estimated that the electricity needed worldwide to validate Bitcoin transactions equivalent to 0.13% worldwide…
And if there’s no bank in Bitcoins, where do I keep my bitches?
To save your cryptomonedas you need a virtual portfolio. This portfolio has an identification number (a hash) that will be the one you do the transactions with and what comes to the buyer / seller. Of course this hash doesn’t have traceability back, no one can know who’s behind, not even from which country you are. This portfolio can be generated from Windows, Linux, Mac, your mobile phone or even generate it from one of the few Bitcoins’ cashiers that exist.
Once the portfolio is generated, it will look like this:
And once I have Bitcoins, what can I do with them? Can I pay in Amazon?
This type of coin is gradually being popularized, though There’s still a long way to go for you to pay with them. Amazon, in addition to not making much sense to use an anonymous currency to finally give your name and actual shipping address. Still there are some shops on the normal network where you can buy with Bitcoin, for example on Dell’s website to buy a computer or you can go on vacation buying a trip on
com / «rel =» noopener «target =» _ blank «> Destiny… but normally people use Bitcoin as investment. For you to get an idea, early this year 2017 the Bitcoin had a value of less than 900 €, while at this moment it is more than €7000 €15,000 (as of 19 / 11 / 2017). Not only that, but when it came out in 2009 it cost a few dollars (I bought one to tuck and learn and it cost me 60 €… though then they hacked a Bitcoin purchase / sale website and its price went down to 0… and after many fluctuations, it’s up and down, it’s now cost
> €7000 €15,000 (as of 19 / 11 / 2017), not a bad investment).
I have updated the price because since I wrote this entry less than a month ago, the BTC has been worth €20,000 and now it’s down to €15,000, but it’s still more than double the value it had when I wrote this entry… is the clear example of the volatility we were discussing.
I get a little budget out of it… is there more cryptomonedas something cheaper?
Currently There are many cryptomonedas, although the most common is the Bitcoin. Another one is Etheum they say it is the new promise that will become more popular than the Bitcoin and solve some of the problems that Bitcoin has, such as that there is no maximum number of Ethers in circulation as it does with the Bitcoin. Also There are other more recent (and cheap) cryptomonedas such as Bitcoin Cash, Litecoin, ZCash, Monero… Here’s the full list and your updated quote. For example, Litecoin is current.
a $72 $290 (has increased $220 in a month!), could be a good price given your trajectory.
So what should I buy if I want to get rich?
Unfortunately I have no idea of investment or market trends So I can’t tell you which one you should buy. When Bitcoin came out and people started buying and mining them, there were people who got together with a lot of Bitcoin who are currently worth a lot of money… but I haven’t seen any news of ‘you see this guy with a cacusol And a Ferrari? Well, he was as poor as you, but he bought 100 Bitcoin a few years ago. ‘I do. It seems that some of these coins are going to increase their value over time.… but it is also true that if any vulnerability was discovered in Bitcoin
For example, its value would collapse… and you know if you read this blog in a regular way that no system is 100% safe. In addition, in a few years we will see the quantum computers that will be able to do the current operations chorropostocientsmil times faster, so the Bitcoin algorithm will be to sew and sing for these sudden-computers… the same way at that time the coin goes to the joint… you’ll have to be in time to sell our Bitcoin just before that happens.
If you have finally decided to invest in cryptomonedas, you can access Coinbase through this mentioned link and so they give us $10 to you and $10 to me with your first 100 €investment… if you’re discharged a few I’ll consider this entry as really well amortized!: D