Topic: What do you want to Buy with Bitcoin? - page 3. (Read 3633 times)

How Bitcoin appeared
At the end of October 2008. e-mail subscribers of the resource gmane.comp.encryption.general received a message from the sender named Satoshi Nakamoto. The message contained a description of the essence and properties of the created crypto currency called bitcoin. The subscribers were explained that the new virtual currency unit is reliably protected from fraudulent operations, does not depend on any organizations, and provides an opportunity for its anonymous use to its owners. All information about the new crypto currency was also posted on bitcoin.org.

However, the history of bitcoins history, or rather, to say, the prerequisites for its creation were known much earlier. Even 10 years before bitcoin appeared, the advantages of creating uncontrolled crypto currency were described in his novel by Neil Town Stevenson. And researcher Nick Szabo up to 2005 worked on creation of electronic money system Bitgold. He argued that the virtual currency will not be subject to inflation. In addition, it can not be faked and stolen.

First deals
2009 is considered the year when bitcoin appeared. In January of this year the bitcoin application was launched for the first time. The starting money block in this system was generated by Satoshi Nakamoto, the bitcoin creator. A few days later, the first operation of transferring the bitcoin crypto currency from the account of one user to another was made.

There is a natural question: how much did bitcoin cost when it appeared, and where did these monetary units come from? It turns out that bitcoins were generated by users on computers. The bitcoin course in the end of 2009 fluctuated in the range of 700-1600 units. for 1 dollar. He was published on the resource NewLibertyStandard. The scheme of its calculation was primitive before the outrage. Based on the average power of the computer processor, multiplied by the price of electricity in the US and divided by the number of bitcoin generated by the site's creator.

Interesting to know! The first serious transaction, accomplished with the help of bitcoin, was the purchase of pizza. In May 2010, one of the users of the forum said that he was ready to pay 10 thousand bitcoin for pizza. At that time, the real cost of the pizza was 25-30 dollars.

The year 2011 was marked by the appearance of the MtGox exchange, which became the first platform on which it was possible to exchange bitcoin for ordinary money.

What is secured by bitcoin?
In contrast to conventional money, bitcoin is not backed by absolutely no material values. Neither the banks nor the issuing fund are engaged in supporting the course of the crypto currency. How then can you trust this virtual monetary unit, if the owner does not have any financial guarantees?

The fact is that the one who came up with the crypto currency was not going to back it up with gold or shares. This payment system has completely different properties. The pricing in it is completely dependent on real demand and supply on bitcoin. In this it is difficult to believe the people who encountered different financial pyramids. But, the fact is that bitcoin is created in this way - its value will only increase with time. This is because the cost of creating each new coin exceeds the cost of the previous one.

Who invented bitcoin and why, if there is no system of protecting depositors, and the value of virtual coins is not protected by anything? The point is that bitcoin was designed as an independent decentralized system for anonymous transactions. This currency has no "shadow" owners. Its stability is not able to affect either government bodies or large corporations.

To convince users that bitcoin is a serious project, and not the next pyramid, the following facts can be:

bitcoin has the highest degree of protection from falsification (it is almost impossible to generate keys or to forge existing ones);
each transaction has a complex security system consisting of at least 6 confirmations;
bitcoin mining is impossible without expensive computer equipment;
the number of goods and services that can be bought is constantly growing, paying for them with bitcoins;
Change in the protocol of the system is possible only if there is agreement of 90% of the members of the community.
Interesting to know! Every minute in the world there are at least 100 transactions involving bitcoin. This is a convincing proof of the prospects of the crypto currency.

satoshi pokamoto without a face Who is he, a brilliant inventor named Satoshi Nakamoto?
To this day, the question remains: who invented bitcoin? The history of creating a new crypto currency bitcoin refers to Satoshi Nakamoto. Is he judging by the name of a Japanese? Or, nevertheless, this is the conditional name of a group of people engaged in the creation of bitcoin, and wished to remain anonymous?

Very interesting is the analysis of the name of the one who invented bitcoin. If you translate from the Japanese "Satoshi", then literally it will sound like: "wise", "resourceful" or "clear thinking". The beginning of the name "Naka" in Russian means: "relationship" or "inner environment". The second part of Moto is translated as "foundation" or "origin". Is not it a very suitable name for the creator of a cardinally new, cunning financial algorithm?

To reveal the secret, who really is this great inventor, hiding under the name of Satoshi Nakamoto, so nobody has succeeded. The only thing known reliably about who created bitcoin, is that this person has a very unusual thinking. This confirms Jeff Garzik - one of the main developers of the system. He argues that the principle of writing the code of the ingenious inventor of crypto currency does not fit into the level of intelligence of a typical software engineer.

Specialists say that Satoshi Nakamoto is a very wealthy person. After all, at the end of 2013, he owned the amount of bitcoin, which, in terms of dollars, amounts to 1 billion.

Now this person has left the affairs connected with system bitcoin. He said this in 2011. But, he is sure that his brainchild, bitcoin, is in the reliable hands of a team of professionals led by Gavin.

The history of bitcoin is unusual. It is shrouded in a haze of mystery, which hangs around the name of the main creator. But, the fact remains: the ingenious invention works, and the new crypto currency becomes more popular every day.

In my case I want to save money from crypto to put up a small business in which I can have an income on day as life is not that easy , you need to strecth and use your muscles in order to earn but this bitcoin gives us an opportunity to earn. so I am hoping I will earn.more this yeat for that plan of mine.

I want to buy a nice car with bitcoin. I have always wanted to be able to buy something of significant value in bitcoin and I have a feeling it will not take very long for that to happen.

Bitcoin is an asset, which is known as cryptocurrency that is accepted all over the world.

Base the question you ask: What do you want to Buy with Bitcoin?

first thing i need to buy after investing and make profit as my return, is to buy house in united kingdom, London and Nigeria, keep it on rent, it will generate more houses across the nation.

second thing to do with bitcoin money, is to give a scholarship to the younger generation, both on education and carrier.

third thing to do, is to help the poor, by creating a job opportunity. and many more   

Nowadays you can utilize the bitcoin to purchase need you need. I am planning to redesign our home because our home is old and there is some furniture efficiently broken. Don’t worry every one of the members of the family needs to share an asset to redesign it and purchase my car. We have a family car. However, I want to have my car that is my reward for all my diligent work. This coming December is my objective month to purchase a BMW 2- series. The remains of my bitcoin will hold, and some will contribute to others business.

I have nothing to buy with bitcoin. For me, bitcoin is just for me to hold, I am not going to sell it unless there is emergency that i need a lot of cash. Bitcoin is actually good to hold for its value.

I would like to buy the things that I need and want using bitcoin. But for now, will buy the things that I need to improve my miners and give a significant investment in bitcoin so that I can earn more bitcoin and another cryptocurrency. After obtaining my goals in bitcoin, I will slow buy the things that I want and part by part I will build my dream house, etc.

My project for this year 2018 is that I want to use my bitcoin to buy my own house and car also I want to save for my future as well so right now I will work hard in joining signsture campaigns in order for me to be able to earn big and save more bitcoins.

I have many thins want to buy with bitcoin but first i want to build my own business with bitcoin so that i have permanent income someday i want to earn my own property too especially my own house.

what to be some of the best for it is you just used this for everything that is good and you know that may worth for everything that are may help you to become a better person and not just you but also the others too.

if you have become rich with bitcoin do not be used for adultery or sin. use bitcoin wisely, do not just think about our lives in the world but we also have to think about life in the hereafter. we must do a lot of good and charity while we still can.

Until I know for sure, my cryptalta is more of an asset. Although in the future I have a dream to save money and buy a good yacht. I want to make it an airspace journey

if I am successful there are certainly many desires to buy with bitcoin, but my main goal now is to buy a house for where I live because I do not have my own home and certainly to support my small family's economy, that's my only hope of bitcoin and in the year 2019 may be more popular bitcoin in my area.

My goal might not be accomplished in the coming year but it is too make enough money off my crypto investments that I might be able to afford a small stake in my first love which is baseball. So if I made enough to make a investment in fractional ownership of a minor league baseball team I'll be happy one day.

I think by having enough bitcoin, I can develop my hobby.

Yes I want to buy with bitcoin also I gonna buy my dream car a house and lot and my dream business so that I'm going to be happy also

Very funny demands. I like lamborghini and dozens of beer bottles. I like to arrange dance party. I buy a luxurious apartment.

of course want because it has a high chance of bitcoin to increase one's economy and many people.

I set aside some of my profit for my children's future so that they can finish whatever course they want. My biggest dream is to travel and bring them to disneyland and see their smiles. I want their lives to be better than today with the bitcoin coin profits that i gain. I want to help my extended families also because some of them are very poor.

Some countries try to block porn in society, and yet, people still have access to porn very easy, even kids can do that. Some countries try to block drugs and narcotic, and yet, there are still drug dealers everywhere even if your country start to execute them. Our country has a lot of rules, and yet, there are always some people who try to brake rules and get their freedom back. I am not saying that people always want to brake rules due to criminality. But all I want to say to you is that people will always find their way to get their freedom.