I have to be honest. In a perfect world, I would not even be considering using Bitcoin. I do not match the first adopter profile (and in fact, I am not a first adopter. I probably count as second or even third tier). In terms of investing, I would be far happier with an investment of bonds making a safe 4 percent a year. I would be perfectly happy sitting in an office working towards a secure retirement, doing my best to provide value to my employer. I would be perfectly happy trusting the institutions of our society, governmental and financial, etc., to operate with high ethics in the interests of the general public.
Think about it as work performed by group of people that use complex computer equipment to solve complex mathematical equations. Just understand that for each block mined you get 25 coins or, at current rates, $4,722.25. Currently a single Bitcoin Evolution is valued at $188, an alarming result that is possibly caused by finance movements related to Cyprus and a general bubble-like excitement over the system in general. In fact, many wager that the DDoS attacks on lots of bitcoin-related services are direct response by hackers to inject vulnerability so as to decrease the value.
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Just putting the word e-currency into a search engine will bring up a huge list of strangely named currencies that you have probably never heard of. There are though a few big online currencies that are bitcoin accepted by many merchants companies and shops.
12/18: The Heartland Poker Tour’s newest commentator, Pro Player Maria Ho is our guest in the first half of the show. In the second half Bernard will be answering the many questions submitted by listeners of his show. [Visit Website] [Download MP3].
Be an Online Guide – Do you love to be an online service provider by making searches, solving people’s online queries and transcribing voice calls? There are several online inquiry services that require manpower to respond to the queries of people through the web and can help you to make money online. For example, there is a site known as ChaCha Guide that helps you earn from 2 to 20 cents for each task. The amount may not seem to be big, but if you can develop speed in executing each task, you can make sufficient amount of money and also strengthen your online search skills.
12/12: BIG Dave and Joe talk with poker pro Allen “Chainsaw” Kessler about his impressions of various tournament structures and ways to improve the game for serious players. Kessler also talks about his participation in social media and how it affects the game. [Visit Website] [Download MP3].
This may seem strange, but bank transfers are the most easily traceable form of sending funds. When a bank account is set up ID’s, company documents and personal documents have to be presented in order to obtain a bank account. Although this is not a 100% guarantee that the business is legitimate, it does go a long way to giving you peace of mind. It also means that you can request your funds back through your own bank should anything go wrong.