Crypto Currency The Road to freedom

I have been in the CryptoCurrency aspect of life for almost 3 years now. I have not let the skeptics sway my decision to get into this field. The reason is the open source code shows that this currency, free from the crooked Central Banks Works so much better, and yet being backed by raw mathematics, allows this currency to be perfect. Sure there will always be those that have no brains and want to do bad, but that is not the majority, that is actually the minority.

If you think about it, the US Dollar has bought more drugs than the crypto currency would ever be able to keep up with. So let us look at this from a logical perspective

Benefits:

Crypto Currency in itself is not governed or controlled by any central bank or government entity.

Crypto Currency is inflation proof. The program software already has the limit of each specific coin. Bitcoin being the standard is the central point and acts as Networking gold.

In the event of an economic crisis that the Central banks cause, crypto currency users become officially immune and can continue to purchase day to day items strengthening the economy.


So how is crypto coins produced?

Crypto currency, such as Bitcoin, is produced by a process called mining. Mining is the process where the miner actually does three things.

1. The Computer or miner is used to solve very highly sophisticated mathematical computations producing what is called hash power.
2. It is this Hashpower that in turns secures the network also providing security to the network.
3. And finally, each miner verifies transactions that are made on the network which keeps the record on an open source ledger known as the blockchain. In reality this means every miner keeps the books which prevents a lot of headaches. This is how they earn amounts of coins which then brings new coins into circulation.

If you really think about it, if all were smart the central banks would be illegal because they can manipulate books, records, and documents which would benefit them. The Blockchain PREVENTS such tampering allowing this to be the true peoples money to flourish the economy.

OK I would love to be involved but my computer is terrible.

There are so many sites now where you can mine crypto currency on the network. This is called cloud mining. Most intelligent people in the mining game, at least here, live in places where electricity is included. This allows the most productive and profitable mining resource. If you are not in that category there are a number of sites that you can start for free. And you will never have to pay phony us dollars to upgrade to make more money. Let us look at one site TOPMINE
This is a site that you can choose which currency you want to mine. If you choose to invest the investment is done different. You exchange the coins you want to invest to Tera X or hashpower coins this will increase the speed of your mining. The More tera X coins you have the faster your currency will mine. Obviously the faster your currency mines the more you will make.

The crypto currency world is suppose to be eager to help all to achieve financial freedom so life can be about living. There are some that do not. I for one do not use wallets that do not support what crypto currency is suppose to be. I do not support Coin Base or a few others. I do however support Electrum, and XAPO bitcoin wallets.

I hope this gives you an understanding that just because you may own a computer from 1984 does not mean you can not earn. Join the real peaceful revolution, get on board to be able to not only live life the way it was meant to be, but get on board to make a difference in strengthening our economy.

BITCOIN FUNDAMENTALS

This has been re-edited by a very good friend of mine. Thank You R.T. I hope this helps all of you, but remember this, The Universal Language is math, and Bitcoin is backed by math.

BITCOIN FUNDAMENTALS



Bitcoin is one of the most awesome inventions to come out of the Internet. Bitcoin is an electronic currency that is securely generated and managed by computers. To understand why Bitcoins are so great, you need to understand a little background information about the value of money and the economics of Bitcoin.

THE VALUE OF MONEY
The value of your money has been historically determined by one of two things: 1) the amount of gold or silver backing it; 2) the amount printed by a government.

Historically, the US government backed all printed money by gold (or even silver). This meant that for every dollar bill printed by the US government, a dollar of gold would obtained by the government and stored in Fort Knox. This was referred to as keeping the US on the "Gold Standard." It's a simplified explanation, but it's good enough for an average person.

In 1971, the US went off the Gold Standard, so the value of your money is determined by the amount printed by the government. Suppose the government owes $100 billion to banks, so it decides to print $100 billion more in paper money overnight. The banks will be paid off, but there's a new problem: inflation. Bank employees know their banks have more cash, so they demand and get huge salary increases. Restaurants know those bank employees are earning more, so their raise their menu prices. Basically, prices go up everywhere because there is an additional $100 billion that everyone wants a part of. But in the end, your money actually buys less because the price of everything has gone up.

The Federal reserve has been printing money without backing for years. In fact, the Feds even admitted that there has been no gold in Fort Knox since 1933. So they keep printing dollars, but each dollar printed is attached a debt. Naturally, this inflation is caused by printing more dollars.

ECONOMICS OF BITCOIN

Bitcoin's value comes from the laws of supply and demand, and that law swings both ways. Suppose you are a retailer and you own a store with have 1,000 Pepsi bottles in stock. You notice that the line awaiting for you to open is 10,000 people long. The price will go up because the demand is too high and your supply is low. The same thing applies to printed money. People are demanding free money because it doesn't have value and they do not want their wages restricted. This keeps the demand high.

The amount of Bitcoins is determined by mathematically secure computer algorithms. They are complex algorithms that really can't be hacked. The limited supply of Bitcoins gives them value, because you cannot easily create more.

Another thing I want to add is money does not need value. Money is only a ledger so that you will not owe anything for the product or service you received. Let us go back to the time of the Indians, they traded pies for things or peanuts. However some were still allergic to peanuts or to certain fruits, so the chiefs used clay beads instead. The clay beads were used like money, but the clay beads had no

value. Wake up: value is a belief. All you need to do is satisfy the ledger of trade and the Bitcoin does this very well.

SUMMARY OF ADVANTAGES

* Bitcoin gets around the problem of printed currencies as well as backing printed currencies with gold.

* Bitcoin is not controlled by any government. Instead, the amount of Bitcoins available is determined by secure computer algorithms. Governments cannot simple create more Bitcoins. This makes it inflation-proof.

* Governments cannot simply say that your Bitcoin is worth less because they can't print Bitcoins.

* It is legal in most countries to some degree, although there are restrictions on where it can be used in each country.

* Earning Bitcoin is free. You can get control of your own money.