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Showing posts from April, 2017

What Is Bitcoin

What is Bitcoin? I am often asked that question.   Bitcoin is a form of electronic currency.  Just like you can use PayPal to pay for an online order, you can now use Bitcoin at more and more locations to make online purchases.  But, unlike PayPal, which is linked to your bank account, Bitcoin doesn't involve the banks at all. Bitcoin is a decentralized currency, meaning there is no one person or entity that controls it.  The whole Bitcoin "universe" is distributed across hundreds of thousands, if not millions of peer-to-peer networked computers.  There is no one bank, country, or server that could fail and take down Bitcoin.  Traditional money is called a "fiat" currency.  Fiat currency is money that a government has declared to be legal tender for a country. Bitcoin is not a fiat currency. If you Google your questions you'll find lots of different answers to it.  It is worth taking the time to read through some of them.  Here's a short article fr

ETH Wallets with a lot of cash

This isn't earth shattering, but interesting at least.  Here is an article listing the top 6 Ethereum (ETH) wallets in terms on how much ETH they hold: https://themerkle.com/top-6-ethereum-wallet-addresses-worth-keeping-an-eye-on/ It also mentions that Poloniex, my personal favorite trading platform, is now the world's leading Alt coin exchange.

Bitcoin - Getting Started

I have so many people asking me how to get started in Crypto Currencies I created a Getting Started guide on my website. There are a million ways to get started with Crypto Currency. Everyone you ask probably has a different suggestion. I've provided a Getting Started reference here as what I see is the easiest way to get start. You'll see it uses Coinbase.com as the starting point. My feeling is that while Coinbase's fees are higher than I'd like, they are the biggest, most well established player in this field and therefore the stability and piece of mind they provide is worth the higher fees.... to see more, visit the Getting Started page link above.