Where’s Bitcoin Going in 2014, and Beyond?

http://blogs.wsj.com/moneybeat/2014/01/13/wheres-bitcoin-going-in-2014-and-beyond/

Nice article from The Wall Street Journal. I think Bitcoins time is almost here!

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Free uBTC Bitcoins. It’s legit, I have been collecting them for months, but it’s not what you think…

There are ways to earn free Bitcoins that are legit and all you have to do it wait 5 minutes on a web page. The link below is for Bitvisitor.com Free uBTC. All you do is input your Bitcoin address, than type in a Captcha image to prove you are human than the pages you visit, 5 minutes at a time will give you Free Bitcoins. HOWEVER, they are not full Bitcoins like you may think. They are uBTC. A uBTC is equal to 1 millionth of a Bitcoin 0.000001BTC. It may not seem like alot but each site offers different amounts. I have seen as much as 32 uBTC. Over the past few months I have been researching this and going to site to earn uBTC and it works. It will take time to accumulate a real monetary worth but over the past few months I have made approx $50USD worth of uBTC. Hey is someone told you to go to this link and just wait, and gave you $50 bucks, you can sign me up any day of the week. The link below will bring you to bitvisitor.com and you can begin to start earning free Bitcoins. It is legit.

http://www.bitvisitor.com/?ref=12qpq4cnFLzcRkEKzMLhpL71VXBfcdTQYj

Donations for Family Affected By MTA Train Derailment

In reference to the re-blogged post below, and the one before that, I will be taking all of the Bitcoin donations received from the link below and I will be giving them to the Lovell Family. Jim Lovell was one of the 4 passengers that lost their lives on the Metro North train that derailed on December 1st 2013 near the Spuyten Duyvil station. He was a good family friend of mine and he is survived by his wife and 4 kids. My goal is to raise a minimum of 1 Bitcoin (as of now that would equal almost $1,100USD) The link below to donate is for 1/10th of a Bitcoin. If you would to donate more, or less please feel free and contact me with any questions at worldofbitcoins@gmail.com. I created this coinbase account strictly for this purpose, to raise money for the family.

I’m not sure about the results of this blog post, so depending on the response and the amount of bitcoins raised, if the goal is not met or surpassed, I will gladly give back any of the Bitcoin donations received. If we meet our goal I will be giving the Bitcoins DIRECTLY to the family. 100% of the donations will go to the family. Feel free to contact me with any questions, and any donation is GREATLY APPRECIATED. Thank you all, and live each day to the fullest. Jim Lovell was a great man, with a great family and he surely will be missed. His memory will live on and he will not be forgotten.

DONATE BITCOINS AT THE LINK BELOW…

Donate Bitcoins

Bitcoin price worth more then Apple shares?

http://finance.yahoo.com/blogs/michael-santoli/bitcoin-price-bests-one-apple-share–but-is-it-worth-buying-185417569.html

Check out this article. It talks about Bitcoins and if they are worth buying now. Make your own decisions. Me personally, of course I own Bitcoins, and I happier then a pig in the mud. Don’t think that because 1 Bitcoin costs $600 (example) that you need $600 in order to buy. You can purchase partial Bitcoins. My first purchase was for 1/2 a Bitcoin and I spent $60. Not too long ago neither so the fact that it has gone up so much so fast is very exciting to me. Read the article, take from it what you may.

Meet The World’s First Bit Coin Baby

No, this isn’t a black-market deal brokered in the Internet’s shadowy corners. The child was born thanks to a frozen embryo transfer cycle paid for with bitcoins. Lee says it’s the first time he’s aware of that anyone has paid for fertility treatments that way. Click the link below for the full story. Hang on to those bitcoins!

http://finance.yahoo.com/news/meet-the-world-s-first-bitcoin-baby-161558653.html

Unlike Liberty Reserve, Bitcoin Is Not Anonymous — Yet

May 29, 2013, 12:07 am

Unlike Liberty Reserve, Bitcoin Is Not Anonymous — Yet

By NICOLE PERLROTH

After Liberty Reserve, an online payment system, was shut down by law enforcement authorities Tuesday, many wondered whether Bitcoin, the digital currency, would be next.

Just a couple of years ago, a large pepperoni pizza would have cost you 10,000 Bitcoins. Now, a single Bitcoin is worth roughly $129. Bitcoin’s meteoric rise has been driven up largely by speculators who believe, like gold, it could be a haven from the fluctuations of other currencies. But in small part, that hyper-inflation also has been driven by those who believe the digital currency provides anonymous cover for illicit transactions.

Silk Road, a black market for illegal drugs, relies on Bitcoin. Assassins are also apparently big fans. (On the far, other end of the spectrum, it turns out the Winklevoss twins are also believers).

But contrary to conventional wisdom, Bitcoin is not anonymous. In fact, security experts say that if prosecutions like Liberty Reserve continue, the most likely targets are major payment systems like WebMoney and eForexGold, payment systems that security experts contend allow their users to move capital anywhere in the world without verifying their identities.

“There are a multitude of anonymous payments systems out there, similar to Liberty Reserve, of which there are over 100,” said Tom Kellermann, a vice president of the security company Trend Micro. “Many pretend to ‘know thy customer’ but do not actually do due diligence.”

Bitcoin operates with greater transparency than those systems. It may be fully decentralized and requires no central bank or government authority, but Bitcoin transactions are as public — if not more so — than any other payment network. Each transaction is recorded in a public ledger, called a “block chain,” to keep people from writing the digital equivalent of a bad check. That public block chain makes it possible to trace transactions, even years after they have transpired. In one case, researchers were able to trace the spending of 25,000 stolen Bitcoins in 2011.

Laundry services like Bitlaundry and Bitcoinlaundry make transactions harder to trace. But it’s unclear how long those services can operate with impunity after the Liberty Reserve shutdown. It also requires a fair amount of blind trust to assume that such services won’t themselves track — or steal — a users’ Bitcoins.

With some additional code, however, cryptographers believe Bitcoin could finally live up to its covert reputation. At an annual security and privacy symposium in San Francisco last week, a group of cryptographers from Johns Hopkins University debuted Zerocoin, a Bitcoin add-on that if widely adopted could make Bitcoin transactions impossible to trace.

The cryptographers, Ian Miers, Christina Garman, Matthew Green and Aviel D. Rubin, believe Zerocoin could eventually “break the link between individual Bitcoin transactions without adding trusted parties.”

The cryptography will make your head spin — a full technical explanation is available here — but Mr. Miers likened Zerocoin to an in-house laundry service. Essentially, the Zerocoin add-on allows users to leave their Bitcoins floating in a wash, for someone else to grab, so long as they can redeem the same amount of Bitcoin in the future.

There are some significant caveats. For Zerocoin to work, it will eventually require full-scale adoption. ”People have to have faith in the currency system to actually use it,” Mr. Miers said.

Zerocoins also require more computing power, which can lead to glitches and lag times. A complete transaction takes about two seconds to verify, which can be unpalatable to impatient users. Another challenge, Mr. Miers said, is explaining the “heavyweight crypto” to users.

“As complicated as Bitcoin is, you can explain the crypto even to nonexperts,” Mr. Green wrote in a blog post last month. “Unfortunately Zerocoin is a different animal. It will take time to convince people that these new techniques are safe.”

But the biggest challenge, in light of Tuesday’s indictment of Liberty Reserve, could be government interference.

Law enforcement officials have largely left Bitcoin alone. One exception was earlier this month when the federal authorities seized accounts associated with Mutum Sigillum, an intermediary of Mt. Gox, the world’s largest Bitcoin exchange. But according to the warrant, the accounts were seized because Mutum Sigillum had not properly registered as a money transmitter with the Treasury Department.

If Bitcoin became a truly anonymous payment system, security experts say it would spur far greater scrutiny if it hasn’t already.

Original article located at:

Bought My First Site- Other Bitcoin Websites Available

So I recently took the plunge and bought a website related to Bitcoins that oddly enough is called http://www.worldofbitcoins.com just as this blog is. I got it for a good price, at least I think so, and I will begin construction soon. I had 2 other options to buy http://www.theworldofbitcoins.com and http://www.bidwithbitcoins.com but I chose the one that matched the blog. bidwithbitcoins.com was very tempting but I wouldn’t know the first thing about creating a site that would deal with bidding and transactions so I passed on that one.

TheWorldOfBitcoins.com and BidWithBitcoins.com are still available and if you are interested let me know and I can forward your contact info to the same person I bought my site from. As always everything has a price so if anyone out there is interested in buying http://www.WorldOfBitcoins.com let me know. If your offer is more than what I paid for it than it’s yours. Until then keep your eye’s on the Bitcoin market. It is expanding as we speak!

Bitcoin Domain Names Available- Not a bad idea!

I was contacted recently regarding interest in purchasing a domain name. Currently the 3 domain names that are available for purchase are…

http://www.WorldOfBitcoins.com
http://www.TheWorldOfBitcoins.com
http://www.BidWithBitcoins.com

All 3 sites are ready for quick transfer to anyone interested in buying the domain and building a site with a great, easily searchable domain name. Reply back here with price offers and I can forward the information to the owner of the domains. The starting price for 1 of the sites is only $1,000 and I was told if I buy all 3 I can get them all for $2,500. I see the potential but personally just don’t have the funds to throw at one of them. If you or someone you know is interested let me know and I will pass it along.

Hang on tight and enjoy the Bitcoin Revolution Ride!

Free Bitcoins? Is it True? (Follow Up #2)

So far I am up to .0008424 BTC on my Free Bitcoin expedition. This seems to be legit so I would recommend it to anyone looking to ease (very slowly) into the Bitcoin world. http://www.bitvisitor.com is a site that offers free Bitcoins (uBTC) to those who follow the directions and basically just open a link and look around the site that opens for 5 minutes. After 5 minutes you can open a new one and collect more. There are only a certain amount of affers per day you can view so it will take a while to earn a relevant amount of Bitcoins.

The actual amount of Bitcoins earned is minor, uBTC, is a fraction of 1 whole bitcoin, but after a while it starts to add up. I am hoping to eventually earn 1 Bitcoin for free from this site and it seems so far that I am on pace by around the end of the year haha. Hey, it’s free so how can you beat it. I will keep you up to date with my progress.