Bitcoin Blog a1

Saturday, April 22, 2017

Many short updates



Lots has been going on in the Bitcoin world lately. It's an exciting time. Likewise a lot has been going on in my life, so I haven't been reporting too much ( I just barely finished my last final ever) . Anyways, expect to see another guest post in the near future.  And if you haven't seen my last simbi post, check that out here.  Also, I guess I forgot to post this when I found it, but some bitcoin atms were for sale on ebay http://www.ebay.ca/itm/252834287024.


I'm also considering my first giveaway. Only if there is enough interest. So like, plus etc this post, and will probably host a giveaway.


Also, I am looking for people to sell my ebook, you will get a great commission.  Inquire at btcplus.blogspot@gmail.com or use this link: https://payhip.com/auth/register/af584f85773cc2c


Edit:

Also working on a experimental new website, check it out www.btcplusblogspot.wix.com/btcplus.

Sunday, April 16, 2017

SegWit vs Bitcoin Unlimited: Building a better Bitcoin

This is the second post in my guest post series by Justin, make sure to comment your thoughts!


The 21st century has seen an explosion in the Internet commerce, business, and overall activity. Every day there are dozens of new businesses, hundreds of new websites, and millions of emails sent back and forth between those people who make the Internet run. It only stands to reason that new currencies would evolve to match these advances in business in communication. The strongest, and most well-known of these “cryptocurrencies” is known as Bitcoin. The Bitcoin was a pioneer in the world of cryptocurrencies. It has gotten the most press, but is also experienced massive fluctuations in value. Recently, Bitcoin has released to possible adaptations to the base model: Segwit and Bitcoin Unlimited. These two modifications to the core programming allow greater security, and usability. However there are certain differences in the way the program works.
In order to fully understand why Bitcoin needed to be updated, you need to better understand how cryptocurrencies work. Because there are no physical resources, such as gold, silver, or other precious metals, back in the value of the currency it is essential to track how the currency has been used in order to verify its legitimacy. Every Bitcoin has a certain amount of data attached to it, this includes past exchanges, who owned it when, and other information. Each of these pieces of information are necessary in the transmission of a Bitcoin from one party to another. However, with each transaction this information becomes bulkier, and harder to transmit. This is what both Segwit and Bitcoin Unlimited are attempting to solve.
Segwit, or Segregated Witness is among the newest adaptation to the Bitcoin code. Segwit separates the signature data from the main data block. Segwit takes that information from the main block and puts it into an extended block. This type of program change is known as a soft fork. It is still useable with the pre-changeover data blocks. The Segwit keys start with a 3, instead of the traditional 1. This new version addresses issues of scalability, and allows more transactions to happen every second. The major advantage of Segwit is that not everyone needs to use it in order for it to work. Bitcoin Unlimited is another story.
Bitcoin Unlimited is a system upgrade, and won’t cause current users to lose their coins. However, it does represent a radical change in the programing language of the Bitcoin community. Because the nodes are not backward compatible, Bitcoin unlimited and Bitcoin core are both competing for dominance in the cryptocurrency market. At the beginning of March, 2017, Bitcoin unlimited only controlled about 25% of Bitcoin miners, leaving 75% still using Bitcoin core. The major advantage to Bitcoin unlimited is that it removes the 1mb cap on main blocks. Along with other upgrades, Bitcoin Unlimited promises more transactions and more security.

The Internet has become the global market that our ancestors can only dream of. Unlike traditional currency still hold value, ideas like Bitcoin, and its sister currencies, seem to have hit their stride in the early 21st century. With new technology comes new challenges. The success of the coin can hardly be called negative thing, but it has it’s own hurdles to cross. SegWit, being a soft fork, attempts to answer security problems without radically changing the established format. Bitcoin Unlimited, is a hard fork, It definitely has potential for new uses, and new products. Only time will tell if the community chooses to be secure the market share is already has, with Segwit, or take the drastic new-path with Bitcoin unlimited. The future holds great possibilities for this ground-breaking idea, and pioneering currency. 

Monday, April 10, 2017

First Guest Post:Shooting for the Moon, Powered by Bitcoin

This is my first guest post by Justin, I hope you enjoy!



Financial matters are some of the most stressful issues in the average person’s life. There’s never enough money to pay the bills, save for retirement, pay for school, or go out and have a good time. 

You spend your days working at a job, working an insane amount for your money.  The 21st century has seen the rise of what have come to be known as “cryptocurrencies.” this new idea facilitates trade between people, companies, and even internationally. Cryptocurrencies such as Bitcoin, have captivated the digital world. Bitcoin has been met with fascination, ridicule, and a fair amount of mistrust and misunderstanding. Ricky H has written a book, called Zero to Moon, and in it he explains the basics of how to get started making money in this new, and exciting world. Bitcoin doesn’t have to be something reserved for someone else, a way for someone else to make money. The book shows you how you can harness the power of cryptocurrencies, and how to increase your personal wealth. There are three reasons why this new idea is intimidating. A lack of knowledge, a lack of ability, and a lack of resources are all reasons any new idea, especially Bitcoin, can seem unattainable and out of your grasp. He wrote this book specifically to demonstrate that the bitcoin isn’t just for others, it can work for you as well.

Someone is talking about Bitcoin every day, but few people know where it started, or who invented it. It was first created almost 10 years ago, Halloween night, 2008. The creator, or creators, known as “Satoshi Nakamoto,” was curious about creating a peer-to-peer to exchange system. In 2009, bitcoin was released as an open source software. 10 years later, tens of thousands of businesses accept Bitcoin is payment. While an entire Bitcoin is expensive, around $1100 at the time of writing, it is possible to buy fractional amounts of a single Bitcoin. This means, assuming you don’t have $1100 waiting around to be used, you can still benefit from rising or falling big coin markets. The risk here is that cryptocurrency markets can fluctuate wildly. There is no physical manifestation of their value. In Zero to Moon, Ricky discusses how Bitcoin is accessible to people with even a minimal amount of money. You don’t need to be an expert in financial markets in order to embrace the power of cryptocurrency.

Another reason why more people don’t get involved with Bitcoin is because they don’t know how to. Cryptocurrencies are not tangible, you cannot go to the store and pick one up,(although more and more stores are allowing you to spend them.) He explains how you can obtain bitcoins, either fractional, or multiples. Ricky walks through the best ways to find reputable sources, and where to find the best place to keep your coins.

Finally, people assume that in order to invest in a cryptocurrency you need to be a millionaire, or be super tech savvy. This is simply not true. There are people who spend their time “mining” Bitcoins. This however is a very labor intensive, computer intensive, electricity intensive process. Unless you already have the equipment, or just looking to mine Bitcoins for fun, He doesn’t recommend going about it that way. He shows you the most efficient, cost effective ways to get your hands in your first pieces of Bitcoin.

The Bitcoin market is gaining steam every day. While it’s not essential to future financial success, it is foolish to simply avoid it. He demonstrations all of these things to you and more as soon as you open the cover of Zero to Moon.

When not guest writing on blogs, Justin S is a carpenter and a pen maker. Check out his site at
BeautfulMusings or on Facebook at Beautiful Musings Facebook