Future currency All about Bitcoin. Digital Money of the Future: All about cryptocurrency Bitcoin. Bitcoins Storage: Short Wallets Overview

Dear friends, recently, I studied the issue of investing in cryptocurrency and was added such cryptocurrency as Bitcoin. In this article I will tell what is Cryptovaya Bitcoin (Bitcoin), how to use it and why it is worth investing your money in it.

When I first heard about Bitcoin in 2013, for some reason I didn't pay attention to it, but now I see that they are gaining great popularity and already in many online stores you can buy goods and services for bitcoins. I myself plan to introduce payment by bitcoins for training courses of our JTGroup Media Holding. That is why I had to understand well what it was - Bitcoin ...

Most recently, I reread the family member of the ruling world. And in the second revelation, the insider says: "Very soon we are all currencies with a single virtual currency." - It is possible that it will be Bitcoin.

What is Bitcoin cryptocurrency (Bitcoin, BTC, BTK, Bitcoin) simple words?

Bitcoin is a decentralized digital currency, Created and operating only on the Internet. No one controls Bitcoin, the production of currency occurs through the work of millions of computers worldwide, using the program for calculating mathematical algorithms. This is exactly the essence of Bitcoin. The central network control body does not exist, the network is distributed to all participants, each computer mining bitcoins is a member of this system. This means that no central authority has the ability to dictate the rules to the owners of the Bitcoins. And even if some part of the network goes to Offline, the payment system will continue to work stable.

What is the difference between Bitcoin from traditional electronic money?

For bitcoins you can buy anything on the Internet, as for rubles, dollars or euros, and it is also trading on the stock exchanges. But the most important difference between Bitcoin from all other forms of money - decentralization. No institution in the world does not control Bitcoin! Some this puts in a dead end, because This means that no bank can control your money.

Who is the creator of Bitcoin?

The program developer calls himself Satoshi Nakamoto, but at the moment it is not known what personality is behind this name. His idea was to exchange coins without any central government, electronically, more or less instantly, with the smallest costs. Read more Who is Satoshi for the Wikipedia.

Who prints bitcoins?

NO ONE!This currency is not printed by the central bank and does not work according to its rules. Banks can print how much money to cover state debtThereby appreciating its currency.

On the contrary, the release of bitcoins is possible only in digital form and anyone can start mining or as they say bitcoins at any time. The bitcoins mining takes place by means of using computer computing power in a distributed network. When translating bitcoins, transactions are processed by the same network, thereby turning the Bitcoin into an independent digital payment system. Read more about Minning Bitcoins in this article.

How much do you get bitcoins?

In the Bitcoin code there is a limitation, "miner" maximum can be 21 million bitcoins on the entire planet. But Bitcoin can share to infinity into smaller parts, the same digital currency! 1 Satoshi is 0.00000001 BTC (called in honor of the Creator).

What is provided by Bitcoin?

National currencies were usually provided with gold or silver. Theoretically you could come to any bank country, and exchange your paper money on the equivalent of gold and back. Bitcoin is not secured by nothing, it is clean mathematics.

Anyone in the whole world can launch the bitcoins script on their computer and feel like a mini central bank. The source code of the script is published in open video, Everyone can see how it works.

Easy to use, anonymity and transparency in Bitcoin

It is quite difficult to open a settlement account for the company in our banks. For Bitcoin, this is not a problem, you will need 5 minutes to create Bitcoin wallet and immediately start using them.. Without questions, without commissions and absolutely anonymous! Yes Yes. It is completely anonymous and at the same time completely transparent. You can create an infinite amount of bitcoin addresses without binding to a name, address or any other information. But…

Bitcoin stores the entire history of transactions that ever occurred, this is a sequential chain of blocks or blockchain. The chain of blocks knows everything. Therefore, if you have a publicly used Bitcoin address, then anyone can see how much you have in the bill of Bitcoins if you have not reported that it is your address, then no one ever learns that it belongs to you. For complete anonymity, one bitcoin address is usually used for a single transaction.

The Commission for the Transaction is negligible

Moreover, you yourself can regulate the Commission, it will depend on how quickly or long bitcoins will go from one wallet to another.

To even better understand what Bitcoin is, look at this video.

How does bitcoin work? All technical details for 20 minutes

How much can you earn in the growth of Bitcoin?

See how Bitcoin grew from the very beginning:

• 2008 - (launch currency)
• 2009 - (1000 BTC \u003d 0.003 $)
• 2010 - (1 BTC \u003d $ 0.50)
• 2011 - (1 BTC \u003d $ 10)
• 2012 - (1 BTC \u003d $ 10)
• 2013 - (1 BTC \u003d $ 600)
• 2014 - (1 BTC \u003d $ 310)
• 2015 - (1 BTC \u003d $ 360)
• 2016 - (1 BTC \u003d $ 940)
• 2017 - (1 BTC \u003d $ 19800)
• 2018 - (1 BTC \u003d $ 6500)
• 2019 - (1 BTC \u003d $ ???)

All Bitcoin History for 9 minutes

PC wallets are very good, but are not too comfortable when you are on the street and want to pay for the goods in the store. Here and come to the rescue mobile wallets. Working as an application on your smartphone, a wallet can store closed keys for your bitcoin addresses and give you the opportunity to pay directly from the phone. In some cases, you can even use non-contact communication technology (NFC) to pay, simply by attaching a smartphone to the reader without entering any data.

A common feature of mobile wallets is that they are not full-fledged Bitcoin customers, i.e. They do not need to download the entire chain of blocks, which is constantly increasing and has a size in several gigabytes. Otherwise, it would lead to a huge mobile traffic, which would be happy to prevent your telecom operator. In any case, most phones do not have enough memory to store the entire chain of blocks.

Instead, mobile customers are often designed with a simplified payment verification system (SIMPLIFIED PAYMITIM, SPV). They download a very small subset of blocks and rely on other, trusted nodes in the Bitcoin network to confirm the correctness of the available data.

Online Bitcoin Koslek

The most popular online wallet: blockchain

Online Bitcoin Wallets store your closed keys on the network, on a computer connected to the Internet, which someone else controls. Available several such services, some of them are associated with mobile and desktop clients, duplicating your addresses between your devices belonging to you.

One of the advantages of online Bitcoin wallets is that it is possible to gain access from any device to the closed key stored in the online closed key. At the same time, there is a significant drawback: an organization providing such a service actually has access to all secret keys of its customers. If the administration of such a resource has evil intent, they easily access the bitcoins of their customers. This is not the most pleasant, especially when you accumulate a lot of coins.

Hardware Bitcoin Wallet

Order Hardware Bitcoin Wallet from Trezor is possible.
Such wallets are devices, as a rule, resembling a flash drive equipped with a connector for connecting to a computer (USB) and a microcircuit for storing a secret key in digital form.

My choice fell on the official purse for PC - I'm going to keep the bulk of my bitcoins on it. For fast operations I got myself a multicurrency wallet EXODUS.IO and my iPhone also put an application from Exodus.

Where can I exchange rubles, dollars or euros on Bitcoin?

On the Internet there are many secure services for exchange. The best services are presented on the BestChange.ru website - here you can find an exchanger at the most profitable price for you. I often use the exchanger

At the moment I am engaged in exchange and you can contact me directly to me, for example, in telegrams or any other way.

In the outgoing year of the hottest theme, cryptocurrencies and Bitcoin were certainly unconscious in particular. Some are called the "new era cryptovalut", others - liberation from the slavery of central banks and inflation.

Per this year Growth cryptocurrency amounted to hundreds or thousands of percent. At the same time, Bitcoin's course is so volatile that in one day its oscillations can be a dozen percent. Now, when I write this article, the price of Bitcoin is $ 15,000. When this article is published, its cost can be anywhere from 1 to 100,000 dollars.

Since its inception, Bitcoin's course has grown by 1.5 million times. Of course, it could not stay without the close attention of the general public. As a result, today people who have not heard anything about Bitcoin are practically left.

In this regard, many people have a question, is it worth buying Bitcoin? To figure out, let's try to answer a few questions.

Bitcoin is the currency?

The currency is the legitimate means of payment. Each state itself establishes its legal currency, in Russia - this is the ruble, in the United States is the dollar. The currency is ensured by the economy of the country that releases it. The larger and reliable economy, stronger currency And confidence in it by people.

On the currency you can buy things and services. But can you buy bread and milk in the local supermarket on bitcoins? No, you first have to change them on dollars, and then on rubles.

The main practical application of Bitcoin today is a shadow economy, calculations for illegal goods and services, as the transactions are anonymous and hidden from the controlling authorities.

The fact that Bitcoin can be paid in some places, does not make it currency. Just like the bottle of vodka does not make the currency that it can be paid in the village for plowing of the garden.

The cost of the currency in a sense is a reflection of the economy, so its cost can be more or less successfully predicting (or at least try to do this). If the economy is expected to weaken and fall, it can be expected that the currency of this country will be depreciated with respect to the currencies of other more reliable countries.

Bitcoin is not secured, therefore its price is practically impossible to predict. The price of Bitcoin is now determined by the demand and supply of the crowd of investors, and the crowd, as you know, a creature that can easily fall into both euphoria and depressed.

Bitcoin is a bubble?

Albert Einstein said: " There are two endless things in the world and human nonsense. Although at the expense of the first I am not sure. "

The history of mankind knows many bubbles - when the cost of something reached cosmic heights only due to the attack demand, not fundamental factors.

The most famous is a tulip, the shares of the company of the South Seas (on which Isaac Newton's money lost money), from the latter - the bubble of the dotcomms.

The picture below shows the takeoff and drop in the most famous market bubbles. Now Bitcoin is on its scale in second place after tulip, if you count since 2014. And if you take an earlier period, the Bitcoin is already much higher.

Take off and drop of famous market bubbles

All market bubbles combines a few things. The first - they all grew on the hype, irrational demand and irreplicable expectations of people believing in the endless increase in the value of the asset.

Why buy Bitcoin? Because he grows. Why is he growing? Because it is bought. This is a game in the last fool - everyone who bought Bitcoin, hopes to find a fool who will be ready to buy it more expensive. And it will continue until all the fools are completed or the overness of the goods will become obvious.

Experts allocate several stages of the classical bubble: the rise - take off - the first sale - the bear trap - the attention of the media - enthusiasm - greed - obsession - a new reality - denial - a bullish trap - a refund to normalness - the collapse - the capitulation is despair - a refund to the average.

Judging by the price chart of Bitcoin, now it is at the stage of a new reality. And indeed now you can find the opinion that Bitcoin will soon replace all the money.

Bitcoin moves towards the classic bubble?

The second thing is the market price is torn off from fundamental factors. During the tulip of the bulb, you could buy a house. During the crisis, the shares of technological companies traded at cost hundreds of times higher than their profits. And many companies instead of profit were losses, which did not interfere with them to bargain on the Space P / E. Only overestimated expectations and nothing more.

And the third thing is all bubbles sooner or later burst. It is impossible to deceive all the time all the time, and the trees do not grow to heaven. Sooner or later, everyone understands that the price is far from reality and begin to actively get rid of the inflounted asset. Irrational growth is replaced by irrational flight.

Bitcoin is safe?

The state's currency is governed by laws and regulators. The state controls and is responsible for the protection and solvency of its currency.

Now Bitcoin is not regulated by any legislation and no regulator. The regulator is the system itself and technology. But no one is responsible if something happens.

Practice shows that the technology is not so safe. So, for example, the YUZBIT South Korean Exchange announced bankruptcy and closure after it was hacked, and hackers kidnapped 17% of its assets. As a result, the assets of users of the exchange will be reduced to 75% of the existing volume.

In 2014, 744,408 bitcoins were stolen with the MT.Gox Exchange ($ 460 million). On August 2, 2016, the attackers hacked the Gongkong Exchange Bitfinex, kidding 119,756 bitcoins. At the time of hacking, this amount was $ 72 million.

If you are looking for, you will find that this happened with other cryptocurrencies.

What do experts about Bitcoin say?

"Avoid bitcoins as the plague. I clearly expressed? ", "Said the founder of Vanguard Group Inc. John Bogl in response to the question of the audience at the Council of External Relations Council in New York.

"Bitcoin does not have a basic profit rate. You know that bonds have a percentage coupon, the shares have profits and dividends, there is nothing at gold. There is nothing that Bitcoin supports, besides hope that you sell it more expensive than you paid for him. "

The co-founder of Bitcoin.com Emile Oldenburg stated that Bitcoin has no prospects as a trading currency.

"I can say that investments in Bitcoin are the most extreme investments that you can do.<…> People will start to leave Bitcoin as soon as they understand how this cryptocurrency works "- BUSINESS INSIDER WORDS WORDS.

Should I buy Bitcoin?

Charles Kindlberger, a historian and a researcher of financial bubbles wrote: "It is difficult to preserve the balance and the soundness of the mind when your friend is rich."

It is for this reason that Bitcoin is growing - no one wants to stay aside when everyone around about it is told and earned. But today Bitcoin is something that has no true value, ensuring, regulation and practical application.

Without a real economy, Bitcoin has no value. If it cannot be exchanged for dollars or another real currency - it does not need anyone.

Today, no one buys Bitcoin to pay them. Today everyone is buying Bitcoin to sell it more expensive to someone else. Therefore, there can be no speech on investments in Bitcoin. Maybe only about speculation.

In some sense, he resembles the goods - gold or oil. The price of goods is determined by the cost of its production, demand and offering on the stock exchange. But unlike the goods, gasoline or precious decoration cannot be made from Bitcoin.

Perhaps once in the future, cryptocurrencies will become something more real, but most likely it will be something else. Is it worth investing now - let everyone decide himself.

With the intensive development of information technology and the increase in the role of Internet marketing, there was a need for flexible monetary system and e-currency. And such a virtual currency appeared. It has the name Bitcoin (Bitcoin). We will try to consider in detail the principles of organization of this innovation currency.

What is Bitcoin?

Bitcoin is the first digital currency in history, which does not have a central organization regulating it. This is its fundamental difference from others. monetary forms. Bitcoin has no real affection for any assets or real monetary currencies. And the price of this amazing monetary unit always depends only on demand and supply mechanisms.
And the most important thing is not only the currency, but also the payment system. That is, Bitcoin presents the ability to conduct operations with its own currency. In such a payment system, there is no main office or manual, and all transactions are carried out only in the structure of customers, which are absolutely equal to each other.
Although Bitcoin can be called cryptocurrency, it can be translated into absolutely real money and the course of one Bitcoin may pleasantly surprise you.
As Bitcoin's payment facility was created in 2008, some Satoshi Dzamoto. So far, there are different opinions about the founder (there is one person or a group of programmers), but it was he who created algorithms for the functioning of the innovative system. The program forces was created by the program, which generates bitcoins, as well as special wallets to store virtual means on their computer.

Thus, Bitcoin can act as:

Settlement unit (alternative to ordinary currency);
Exchange means (as a payment system);
Means of savings (perform the functions of banking organizations).

But what is Bitcoin from an economic point of view? In fact, it is a digital product that has a proposal limit, and the algorithm is based on the maximum number - 21 million. Each of the units of this set will be called "Bitcoin". The emission of such a currency is defined programmatically and is known in advance, since it is calculated according to the mathematical formula. After generating the last coins, there will be no more bitcoins (the amount will remain within 21 million).
You can say that the system works on a deflationary model. Although the number of bitcoins is small, they are well suited for calculations, since 1 Bitcoin is 100,000,000 parts. Each such small part is called "Satosha" (name in honor of the creator of bitcoins).

The main advantages of bitcoins:

1. The cryptocurrency system has an open code - all transaction data is in general access.
2. Lack of inflation (the creators of bitcoins say that such a currency can only rise).
3. There is no common regulator that may impose its policy of the Bitcoin system.
4. Opportunities without borders: everyone who owns a wallet can make payments where and as you like, while remaining incognito.
5. The honesty of the system is guaranteed by the inability to fake transactions.

Bitcoin as cryptocoluta

Although bitcoins can claim the status of a qualitative substitute for the usual money, but they are still cryptocurrent.

Cryptocurrency called such cashwhich are based on the processing of different cryptographic methods that ensure their security. The functioning of cryptographic processes is carried out decentralized, with the help of the participation of many users.

The difference between Bitcoin and other types of currencies

There are several features that distinguish Bitcoin from all other electronic, as well as paper money:

1. Lack of regulator and easy access. Client programs that are wallets of currency and database blocks are associated with Bitcoin network (BLOCKCHAIN). The latter are stored on all PCs, with installed wallets. The blockchain is always open to the ability to monitor operations in the system. Connect to it is possible thanks to the wallet or special surveillance service. To use it, you do not need to undergo authorization or enter the password.

2. Calculations are absolutely transparent. Any payments within the system can be tracked from the moment of the creation of the bitcoins themselves, and the transaction history will always be present in the databases. If you know the bitcoin address, it becomes possible to trace all payments carried out by him and on it.

3. Choose the degree of involvement. Can be installed special program Bitcoin Core, in which the history of all payments is saved. When you need an autonomous operation of the blockchain, you can use the services of one of the simple wallets. In case of only payment of goods and services you will need only a simple wallet. It is also possible to protect yourself from intruders by creating special hardware wallets that have additional protection.

4. There is no control. Since Blockchain is a base that is distributed among the participants in the system, then there is no single center that could suspend any account, or change the amount of money in the system. No opportunity to outrend cancel or block payments. There is a small commission, but its size is very small and does not depend on the amount translated. Prisoner deal cancel fail.

5. Anonymity in the Bitcoin network. You no longer need to file your passport details or other documents. The address (account in the system) is in no way related to the owner. There is only an address that consists of 34 letters and numbers. It looks like this:er.

6. The existence of a reward for system support. New bitcoins come to everyday life and they receive those users who support the implementation of software algorithms with their resources and provide transactions. Calculations that are manufactured on users' computers are called "Mining" (mining - mining). Users-miners are recorded in a new unit all transactions, which were carried out in the system since the previous block and encrypt it with a specific cryptographic signature. Each subsequent block uses the signature of its predecessor, which prevents fraud. In the bundle, several blocks create a chain (blockchain).

7. High level security. The emerging unit requires large resources to calculate the chain, but the long blockchain makes it impossible to break the system. Today, the Bitcoin network is 8 times more productive than the cumulative power of calculating all supercomputers on the planet. Even the means of the system itself can be provided with a reliable level of security, and in addition, there are additional options (hardware wallets, offline signatures, etc.)

How is the Bitcoin course determined?

In this plan, cryptocurrency is also very different from ordinary. As already mentioned, there are no organizations that would regulate Bitcoin.
Therefore, the course does not depend on the regulation Central Bank or the government and changes constantly, in real time. The formation of the Bitcoin course is affected directly demand and supply. But sometimes specialists noted the impact on the value of some important news, for example, the country's statements about the possibility of legitimate the spread of bitcoins or the ban on them.
Due to such a variability, it is not always easy to determine the successful time for purchases or sales of funds in such virtual currency. Actual course can always be found on exchanges working with electronic currencies or on large exchangers.
If earlier the course was more susceptible to jumps, now there is a tendency to stabilization, since more and more people and companies are interested in an innovative settlement system.

Bitcoin in real life

First bitcoins were used only by people who dealt with information technology, as well as mathematicians and cryptographs. Back in 2010, the Bitcoin System was able to prove that it is possible to create electronic money that are not regulated by any center. Successful is a bitcoin comparison with gold. Bitcoins are difficult to extract (Main), their number is not limitless, and the complexity of the production process will only increase. If earlier 1 btc bought less than the cent, now the situation has rather changed. Over time, the cryptocurrency reached the stock market and moved there with alternate success. In 2010, there was a well-known case of ordering two pizzas for 10 thousand bitcoins (then it was 25 dollars). Since that time, there was that the course of cryptocurrencies were $ 1,000 for 1 BTC and fell below $ 150.
When Bitcoin was just beginning to develop, his popularity was supported by the MTGOX Exchange and the famous illegal Silk Road network (Silk Road). Today, cryptocurrency is independent of any pools or stock structures, and law enforcement agencies can be preserved illegal activities with cryptocurrency operations.
In 2016, Bitcoin is a modern digital currency, which is used for cash settlements in the global network. Many shops began to implement the BTC payment option along with other forms. Since the appeal to this currency is very convenient and not difficult, then more and more people begin to use it.
In addition, bitcoins are cheaper than banks. That is why they are starting to be in demand in many countries of Africa and Asia. In some countries, terminals have already begun to appear, providing the opportunity for operations with Bitcoins. In the process of promoting technology, it was possible to find out that the blockchas can also be applied to storing data arrays on other assets. Now there are other cryptocurrencies that were created for the principle of bitcoins.

The attitude of states to bitcoins

It should be noted that the attitude different states The cryptocurrency is significantly different. Among the developed countries of Europe and America, there is a tendency to support a new means of payments. So, a large encouragement of Bitcoin's introduction can be observed in Germany, Australia, the Netherlands, some States of the United States, Singapore and some other countries. At the same time, the governments of some countries have adopted restrictive measures with the possibility of further prohibition of cryptocurrency. These include China, Indonesia, Russia and Ukraine. But while bitcoins are prohibited only in South America (Ecuador and Bolivia).
There are also a number of countries that have not developed clear concepts of their attitude to virtual currency and while occupying the position of observers. There are many EU countries, USA, Japan, Canada, Switzerland, United Kingdom, as well as Asian countries.
But it can still be noted a positive trend towards cryptocurrency. The financial legislation of most developed states begins to adapt to the normal regulation of Bitcoin and soon one can expect significant opportunities and expansion of the network.

Where to take bitcoins

Now buy or get cryptocurrency is much easier than it was a few years ago, when the main way of excluding bitcoins was mining.
Although the process of using the Bitcoin-system is extremely simple, it can cause a number of difficulties, because the irreversibility of the transaction can lead to deprivation of funds forever. In contrast to other payment systems there are no technical support that will prompt the algorithm of actions.
In order to use Bitcoins, you must first create a wallet (client), which is installed on a smartphone or PC.

There are several ways to obtain bitcoins:

Earn them with the help of mining (now needs special equipment);
Get Bitcoin as a gift;
earn bitcoin;
Buy cryptocurrency on stock exchanges, exchanger, or directly.

How to buy and sell bitcoins

Most. simple way Bitcoins purchases are the use of exchangers. On such services, you can simply convert money from any currency in BTC, which will be translated into your wallet. It should be understood that the course on such services is determined by their owners. In order not to be mistaken, you should use one of the monitoring services. best offers Course, for example, on Bestchange.ru. It is recommended to first check the reliability of the service you choose to exchange.
If you have already dealt with exchanger, then with the purchase of BTC problems should not arise, because they exchange the same as others cash units (for example, webmoney).
The second option for buying bitcoins are cryptocurrency exchanges. On such an Exchange, any trader can sell or buy BTC.

Work all the stocks are approximately the same:

It is necessary to make money on account of the stock exchange, using electronic wallets;
Create a warrant for buying bitcoins with defined parameters, and when the seller will appear ready to satisfy your offer, the stock exchange will list you bitcoins;
Next bitcoins should be laid on your wallet.

It is important to understand that the stock exchanges can sometimes disappear without a trace, so it is worth choosing only services with a good reputation.
Another option to buy bitcoins can be the use of terminals. The map of such devices offers a SOFDESK site. But in the countries of the ATM countries, there are only a few of the ATMs, but in the countries of Europe, America and Southeast Asia are plenty.
The possibilities of direct cooperation when buying bitcoins are not excluded. For this you will need to meet live. Sometimes there are events called Satoshi Square, where the bitcoin community is going.
If you need to sell, you can use the same methods as when purchasing. The main thing is to be attentive and remember that when making an error, no one can help you.
Over the past six years, Bitcoin's economy has demonstrated that it has the right to exist. Now it can be considered free currency of the Internet space. But in real life, it is also becoming increasingly popular. Evidence of this is the receipt of payment for goods and services by large companies, for example, Dell, Wordpress and others.
If you want your transactions to be anonymous and protected - better optionthan Bitcoin you do not find.

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To begin with, briefly will tell you what is the so-called cryptocurrency, or Bitcoin (Bitcoin). Actually, the loud name is hiding a simple thing - in fact, bitcoin is the result of a certain program that allows you to calculate new bitcoins. Yes, everything is simple - in order to get yourself in a wallet cybervalutu, you just need to download the Bitcoin client program, run it, and just wait until the program makes money. That is, in theory - it is very light way Earnings: Downloads the program, launched, and wait until the money went into the wallet. Details -.

Moreover, bitcoin is the same decentralized (not having a head center) payment system.

If everything is so simple, then why do it all in a row? Yes, because with each generated Bitcoin, calculate the next bitcoin is becoming more difficult and more difficult.. At the initial stage, almost on any, even on the lowest computer, it was possible to generate hundreds, thousands and even tens of thousands of bitcoins in a few days, now on a modern standard configuration computer for generating one Bitcoin, it may be necessary for about a year of continuous operation. And in the future this time will only increase.

Sure, you can make a specialized computer for the calculation of new bitcoins, or differently, - Bitcoin mining. This computer may look like this:

Or like this:

Well, or like this:

That is, in order to engage in Bitcoin Mining (Bitcoin Mining, that is, literally to be digital prospectors), you need to have direct hands and have a good amount to buy equipment. Although all the equipment for the bitcoin mining is quite accessible, since the main component of this computer is Powerful gamecappartes, Which instead of processing pictures and videos make calculations to generate new bitcoins.Therefore, digital prospectors are combined into digital artels, and collect these monsters:

Well, I have bitcoins where you can sell them? Sell \u200b\u200bbitcoins and get ordinary money for them on a special stock exchange, for example onmtGox.com.

What does bitcoin look like? Yes, nothing! Bitcoin is some data that calculated the client program.

Who and when did Bitcoin come up with?In 2008, a person or group of persons under the pseudonym Satoshi Nakamoto (Eng. Satoshi Nakamoto) on one of the hacker resources Description of the peer's network (data exchange network) and the algorithm for generating bitcoins.

What maximum bitcoins can be generated?Maximum can be generated about 21 million bitcoins.

Is there any single center for managing the Bitcoin payment system? No, there is no such center and there will be no, it grows the concept of cryptocurrency.

The most important question is: who needs it?In fact, this question has no definite answer. Proponents of the Bitcoin concept with delight speak of the digital currency of the future - and payment system - protected, anonymous and comfortable. Skeptics note that in fact, the high rate of Bitcoin is the result of the actions of speculators, and the Bitcoin does not really stand.

I'm on the side of skeptics, and I think that Bitcoin is a scam of the MMMAnd the hype raised around the bitcoins in fact nothing is worth it.

It's time to talk about the currency of the future - bitcoin. The e-currency, which many have already heard, which is going through the world. What is its peculiarity and why is such an excitement with Bitcoins now? Need to think and be afraid, or hasn't happened yet yet? The article does not claim a serious analysis, written exclusively to ensure that readers are a bit in the subject.

Let's start with the last - to be afraid ordinary people There is still nothing to do, we still did not change the bank cards (more about many nuances of working with bank cards I wrote in the article), to expect that in the near future pensions will go in Bitcoins. But those who work in IT, in the financial sphere and loves to play currency courses can be started puzzled. There is another category that is actively interested in bitcoins - drug dealers, weapons and other illegal goods and services. For a long time, the currency lived just during their account. But let's go in order.

Term BitcoinHow easy to guess, originated from the word "bit" - a unit of information. 8 bits is one byte, for information. Well, what is mega and gigabytes you know. Mega is the CD discs, and Giga is flash drives. In order not to dive into technical terms slightly simplify the description. The main feature of the Bitcoins - she does not have a host. The United States emitted dollars, Russia prints rubles, the European Union - Euro. For each currency, someone stands. And the behavior of this someone directly affects the course currency and demand for it all over the world. No one stands for bitcoins, the entire network is supported and developing enthusiasts. These most enthusiasts came up with the protocol and principle of the operation of a peer-to-peer network (i.e. not having a center) and in 2009 implemented it by releasing a program that each wishes can be installed on his computer.

By installing the program, you transmit part of the computing power of your computer to calculate the new portion of bitcoins. They are calculated on a very complex algorithm, so this calculation requires serious computer resources. And the more bitcoins released, the longer the calculation is. By giving the resources of your computer for the good deed of "mining" of bitcoins, you can count that your work will be rewarded by the system and after some time this work will be paid by new bitcoins.

The process of creating bitcoins is called mining, as it should be for truly precious metals. To imagine the scale of the extraction of a pair of numbers: according to the estimated calculations, the computational power of all computers that work in the Bitcoin network in May of 2013 was 8 EXAFLOPS. Now she is already 64 exaflops. For comparison, 500 most powerful modern supercomputers are only 0.250 EXAFLOPS

What does EXAFLOPS mean? This means that in 1 second the network commits 1,000,000,000,000,000 mathematical operations!

How do bitcoins look physically? Like all computer information - as a file. Therefore, it can be kidnapped, hacking the server where you store your wallet, which is now observed. That is nickened by the shop on trading drugs of evil hackers, then no less angry state police will be detected and arrested the server with a bunch of bitcoins. Since each bitcoin is unique, if it is lost, then one bitcoin will become less. Forever and ever. This is a significant difference from the usual currency. The number of bitcoins produced is rigidly limited to a number of 21 million. This is not a dollar, you will not run the machine and it is for this reason that many believe in bitcoins. Calculations show that the last Bitcoin will be produced somewhere by 2140.

But here, the earliest people found a topic for business - there are already those who want to begin the chasing of bitcoins in real life, having attached it to the virtual one. Those. The history of money is exactly the opposite. Initially, the money was a material thing, then became numbers at the current account. Bitcoins - numbers initially (the truth is much more protected than at the current account). We will be able to become a material thing soon we will find out.

The main features that are useful to know people far from IT.

Bitcoin does not depend on anyone, it means no one can affect / establish its course. Bitcoin eliminates the monopoly of banks and by and large makes them not necessary! Although bankers quickly come up with something;

The number of bitcoins is mathematically limited, no one can "print" more than;

The complete anonymity of everyone and the entire network opens up ample opportunities to commit uncontrolled financial operations. No one ever (as long as) cannot establish true counterparties in a particular transaction, although the transactions themselves are visible to everyone. Based on this anonymity, bitcoins have become very popular in those types of business in which it is very important to remain unknown - drug trafficking and other unpleasant things.

Bitcoin - Development History

At the first stage of Bitcoins, few people were interested, except computer gickers. Those who wish to exchange brief electronic currency There was no money. But, as they say, all his time. Since the technical solution was chosen correctly, there are no holes in the system, it responds to the stated characteristics, in the end there will always be people who have too much money, and "why not a"? On April 25, 2010, the first 1000 BTC for 300 bucks were officially bought. And slowly went on increasing. Now Bitcoin's course has already retells for $ 1,000 per piece and for him ready to provide real services and give real goods.

The entire list of points where bitcoins are taken for real life, see http://coinmap.org/

Bitcoin - today

Since there were wishing to change bitcoins for real money, then the market will immediately arise. As already wrote, crime responded first, but law-abiding traders were traded. Exchange items appeared, even the ATMs say, part of the online stores began to take bitcoins to pay. Daistent there, here the course attracted financial players who began to rock the market. Since you can see all transactions with Bitcoins, then the excitement is incredible. Recently, an operation was held to buy bitcoins in the amount of more than $ 100 million. Agree, money that can no longer just ignore.

How can you earn in this market? If you played the currency market, here you will most likely feel yourself in your element. But you can earn more "correct" ways. For example, a pair of guys earned $ 3 million. Literally in days, constructing a special computer that did not know anything but to "extract" bitcoins. Computers diverged as hot cakes, 7 thousand quite alive dollars per piece, making creators with millionaires.

You can create entire data centers, which is already done in some countries, for industrial bitcoins.

Another way - remember the viruses that encrypted the contents of the files and demanded to enter the key to decrypt, but the key needed to buy? Getting money was the main problem For virus writers, there are no such difficulties with bitcoins, so viruses requiring bitcoins already have and massively stepping on the planet.

If viruses touched on - there are expectations that viruses try to create a large computing network for bitcoins will soon appear. One computer works for a long time, and when tens of thousands are infected - another thing.

Well, a very simple way to make money on Bitcoins - it is to create your own website dedicated to this topic. They will be drunk on the web like mushrooms after the rain and will be in demand until the currency lives. Who will start earlier, that slippers, says the famous folk proverb. You can hold conferences, producing training materials, in general, do everything that is usually done with a good informational reason.

Here you can see how the Bitcoinovskaya life is flowing http://blockchain.info/ru/ While we are cutting with pieces and plastic.

Will Bitcoin will be the currency of the future?

Now answer this question is unlikely to take. There is a process of formation new currency, the races of the course demonstrate the behavior of a typical soap bubble, but the mechanisms put into the basis of this currency are quite complex. Here are some of the Event Development Options:

The system can found holes that will undermine the trust in it, the course will collapse. However, the experience will not disappear for nothing and the new cryptocurrency will definitely appear, in which the disadvantages of bitcoins will be taken into account;

Governments, more precisely, to all known one government will see a threat in cryptocurrency and begin to destroy it everywhere, blocking servers, channels, etc. Nothing should threaten the dollar;

Exactly the opposite of the previous version - some governments can see in Bitcoins an excellent alternative to the dollar and start promoting it at the state level. It seems that China has already become interested in this topic;

When the Foam of Exchange Games will fall, the tool can be really in demand and starts to go normally, as a real means of payment;

Another currency may appear, which will compete. For example, it is already known at least about 54 "cryptocurrencies", the entire list can be viewed here http://coinwik.org/list_of_all_dcs. And the LiteCoint rate is dialing the pace is no worse than Bitcoin. Those who did not have time to invest in BTC seek to earn their own on "younger brother." Sometimes Bitcoin is compared with gold, and Lightcoint with silver.

Forecasts are an ungrateful matter, so let's look at the development of events, and you look, and we will have a place at this celebration of Cyberzhizni.