Bitcoins: Is It Even Worth It?

Bitcoins. It’s a term many people have never heard of, yet the concept seems to be sweeping into popularity carried on the wings of the world’s technologically advanced. Originally spearheaded by the underground cypherpunks movement, Bitcoins are finally seeing the light of day in some mainstream news and journal articles.

This new phenomenon that is Bitcoins brands itself as a form of a worldwide de-centralized currency. “cryptocurrency” as it is called, is a form of money that has been growing in popularity. Many stores around the country and even the world have started accepting Bitcoins as a form of payment. People that support this new system trade, buy, and sell the crypotcurrency in private and online.

With the new advancements in smart phones and people running their businesses paperless, Bitcoins seem to have finally found their niche; even if only for a short time. With new businesses embracing the novelty of crypto-currencies, what risks are we running as both customers and business owners? Is Bitcoin just a fad that will end up not panning out? Continue reading

Brief Look into Bitcoin’s History and Usage

Bitcoin is in its infancy. The first transaction by its creator, Satoshi Nakamoto, was recorded on January 3, 2009. Interestingly enough, he added into this original entry the following note:

“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”

Now obviously there is widespread speculation on what this might be foreshadowing, but from the surface, I think it could be said that Satoshi envisioned Bitcoin as a disruptive force against modern fiat currencies that have been widespread and controlled by banks for so long.

The Internet as we know it was originally developed by the US Department of Defense in 1969 as ARPANET. Why do I bring this up? Because I think it’s important to keep in mind that it wasn’t until about 30 years later that the Internet began to receive widespread use and acceptance as a beneficial tool for public society. Continue reading

Bitcoin legality (in response to California)

As you may or may not be aware, The state of California sent a cease and desist letter to The Bitcoin Foundation on May 30th, 2013. A scary thought for many bitcoiners, but at the same time some might say that “there’s no such thing as bad publicity”. However you might look at it, it definitely sparked some paranoia for those who might not yet comprehend the brilliance behind the framework of bitcoin. Continue reading

Hello world!

Hello world! I’ve created this website with the primary focus of raising awareness and insight into not only the Bitcoin community, but other cryptocurrencies, as well as the importance of taking steps towards utilizing cryptography for your own personal privacy. We’re living in exciting, if not dismal, times when it comes to controlling your own personal information. Social awareness might just now be rising, but that doesn’t mean that the problem is new. With projects like PRISM just now hitting headlines on the standard news channels (and I’m still not sure how the public majority is going to take it, given that it’s all in the way that we are fed the information) it’s clear that even if you don’t care about who knows what about you, or you think that living a completely clean and legal lifestyle will keep you safe and off the radar, there’s no longer room to simply sit back idly and think that others are going to be protecting your freedoms with only your best interests in mind. Continue reading