Crypto Currency

We have all heard of Bitcoin by now. A digital currency not connected to any nation or banking system. It is basically an open source currency model that exists entirely in cyber space.

Its main claim to fame is that it is presented as a totally anonymous means to pay for goods and services.

There are two ways to look at Bitcoin depending on your intention. As a means of making anonymous purchases or as a financial tool to make money....or both. I have included a few books on the subject for your consideration.*

It is the favorite means of exchange for bad guys too! With the rise of ransom ware and other internet scams it is one way they can ask for your money in the hopes you never learn their true identity.  Despite the popular belief in the anonimity of a Bitcoin payment they CAN be traced.   So if your intention is nefarious just beware that if you step on the wrong toes or a nation state goes after you, settle your affairs.

Bitcoin is no longer the only player. I have included a list of popular CryptoCurrencies below what will display the current value for each in US Dollars.

 

It is the favorite means of exchange for bad guys too! With the rise of ransom ware and other internet scams it is one way they can ask for your money in the hopes you never learn their true identity.  Despite the popular belief in the anonimity of a Bitcoin payment they CAN be traced.   So if your intention is nefarious just beware that if you step on the wrong toes or a nation state goes after you, settle your affairs.

Bitcoin is no longer the only player. I have included a list of popular CryptoCurrencies below what will display the current value for each in US Dollars.

 
bc4dummies bcdummies bcrevolution

Notes:

With an app, many local retailers are starting to accept Bitcoin payments just as they do credit cards. eCommerce web sites are also accepting such payments. There is even an option on Craigs List to advise buyes if you will take crypto currency.

I really wish I had bought a few when this started! Today's value for one (1) BC is almost $4000 US!