Bitcoin and Bitcoin Apps for Beginners Released Today by First Class Posting
Anyone who has spent time online has likely been exposed to the hype around Bitcoin. But for most people, the concept remains a bit fuzzy. Is Bitcoin a new currency that has the potential to transform global payment systems? Or is it just another hype-fueled Internet bubble? The truth may lie somewhere in between.
“Bitcoin has attributes that make it perfectly suited for the Internet economy,” said entrepreneur from Scottsdale Jason Hope.
“You can make transactions less expensively and with more anonymity. But it also has to obstacles to overcome. Because of its greater anonymity, public perception has associated Bitcoin with black market activity, fairly or not. And some governments are less than enthusiastic about the idea of an unregulated digital currency.”
Governmental bans and the taint that comes with being associated with the black market might lead some to sour on Bitcoin’s future. And those are certainly legitimate concerns. But the value of Bitcoin's continues to surge while acceptance from merchants continues to grow. Given the technology’s low cost and other advantages, traditional payment processors have to reason to be concerned. Bitcoin may not radically transform the world’s financial architecture just yet, but it could soon be a major player when it comes to the more prosaic task of exchanging money for goods and services.
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Mr. Mix is a regular commentator at Zero Hedge, an influential financial website. He writes a blog on subjects of interest to him, recently including Bitcoin, a controversial topic. As a beginner, he wanted to take a good look at the Bitcoin ecosystem for himself with the help of a couple of experts, as well as explore some parts of Bitcoin that beginners do not typically see. A man of many interests, he is happily married to a wonderful Peruvian-born lady. Mr. Mix has been involved in international business (buying ball bearings and similar products for their company in Peru) for over 20....
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