Welcome to Bitcoin Island

sydwell:

Land, a excellent analogy.

Originally posted on Richard Gendal Brown:

Forget currencies and commodities… perhaps the right analogy for Bitcoin is LAND!

Oleg Andreev posted an insightful tweet the other day:

Bitcoin is not a protocol of transfer, but a protocol of ownership. Coins never travel, but simply switch owners.

— Oleg Andreev (@oleganza) March 20, 2014

You could argue this is a trivial observation: how else could it work?!  But thinking in terms of ownership and protocols for transfer of ownership is a surprisingly helpful way to think about how the system works.  And that’s because the “protocol of ownership” insight means there is a whole other world of history, tradition and precedent to learn from: land!

Here are some observations to motivate the thought:

• In the end-state the quantity of Bitcoin will be fixed, just like land.
• Bitcoin is not perfectly fungible and neither is land
• Bitcoin is not “consumed” through use – just transformed and transferred…

View original 1,437 more words

Bet with Bitcoin and Win

As Bitcoin becomes more popular, It is important to get some!

Here is a site that allows you to generate Bitcoins through betting. It is seem legitimate, so go ahead and try it.

999dice.com | 99.9% Dice Payout | Earn BTC with 50/50 Referral Program | Play & Chat

Bitcoin Price

The price of Bitcoin is moving again dropping almost 20% then recovering another 10%.

Currently the price is of 1 Bitcoin is R6267.53 no that is not a typo.

But like most experts say:

“The price of Bitcoin is the least interesting about Bitcoin”.

See this link for a good price converter. Remember if you can afford it buy small amount of Bitcoin at time. Watch this space I will be publishing more articles showing you where you can Earn, Buy and Spend your coins.

 

 

Easy2bitcoin alpha released!

Download the latest version of Easy2bitcoin.

Bitcoin Wallet

Tags

android, apps, bitcoin, cellphones, E2B, mobile apps

It is easy to get involved with the Bitcoin. Just Install Easy2Bitcoin on your Android phone and start sending and receiving coins.

Easy2bitcoin (E2B) allows you to securely manage your crypto-currencies. Once installed E2B does not require internet connectivity. This provides you the maximum possible security for your coins. Update your coin balance by SMS technology.

Besides Bitcoin the android application E2B can manage your Litecoins, Namecoins and Testnet coins.

Testnet coins are especially important as they work just like normal bitcoins but they have no monetary value. So they can be safely used to test your proficiency with handling of real value cyptocurrency like (Bitcoins, Litecoins and Namecoins)