Over the last couple of weeks, everybody has been weighing in about Bitcoin, the digital currency that might be the money of the future, or a bubble bursting right in front of us. After being worth only $30 in March, on Wednesday, Bitcoin reached an all time high of $266, then plummeting to just over $100 in a few hours, and now stabilizing around $120. When Bitcoin’s price started to increase unexpectedly, it became the one thing everybody in Silicon Valley was talking about. (For those who don’t know what Bitcoin is, this video explains it perfectly in 3 minutes).
We have all seen the fake websites out there that have links that go nowhere and just don’t look right, so when making your choice make sure their email address works and that you get a response in a timely manner from them. If they have a telephone number you can call, give them a ring. Check the WHOIS details of the website as a back up. Also check how long they have been in business as this is one of the best signs of a good exchanger. Scammers do not last very long.
12/14: As the year winds down, there is still news to be discussed on the Rabbit Hunt. First, we look at two states that looking at online gaming legalization in the US, both of which have tried before. Then, we look at our picks for “Best of the Year” based on the Readers Choice Award on Bluff Magazine. [Visit Website] [Download MP3].
Jered Kenna: We relaunched before the price increase, we hoped to be the first there and ride the wave. There has been a lot more interest from institutional investors, the VC community is really picking it up now so a lot of tech investors are getting into how to buy bitcoins anonymously and putting money directly into Bitcoin. That’s also fueling the price increase. Some investors are looking at it seriously.
GUiMiner is the easiest solution for Windows users as it allows you to create miners utilizing most standard graphics cards. 50Miner is likewise a popular solution. Each require you to enter your worker info and pool and they’ll commence mining.
No one will sell you this kind of software because he is “such a nice guy” but the reason why i am giving this out is that for every time i need $100 i have to create a new liberty reserve account,and go through the hassles of opening a new email and all that stuff which is mentally stressful and time consuming so i taught of selling it on my blog to make extra income without opening a new liberty reserve account.
At this very moment, all over the globe, approximately 85% of non cash funds are being converted to digital money…the days of World Paper Money are numbered and…there is nothing that you or I can do about it. It is the wheels of progress at work. Take it or…