Buy web hosting with bitcoin

Bitcoin is a new currency that was created in 2009 by an unknown person using buy web hosting with bitcoin alias Satoshi Nakamoto. Bitcoin is different than any currency you’ve used before.

Government can be inflated at will, the supply of Bitcoin is totally different. Bitcoin is mathematically limited to twenty one million bitcoins total. There are no transaction fees and no need to give your real name. We do the trading and we share the earnings with you. Imagine a pay plan that generously rewards your efforts! BTC is committed to your success by creating a compensation plan that handsomely pays and rewards your work, short-term, and long-term benefits. Bitcoin is a new digital currency that is open source, distributed, and has no central issuing authority.

It is not backed by anything physical, like gold, yet it has been designed so that only a fixed number of bitcoins can ever be created. Bitcoins and bitcoin transactions are protected from counterfeiting and double spending by strong cryptography. Being a very young money, bitcoin does not have a very stable value. As you can see on the logarithmic chart below, one bitcoin is now worth 100s of times what it was worth two years ago, and 10s of times what it was worth one year ago. This is because while the number of bitcoins is growing quite slowly, the number of users, and the number of transactions using bitcoins, is growing rapidly, causing demand to outstrip supply.

Because it is a young currency, bitcoin has had various “teething” problems, and some of these have caused wild swings in value. As the software is refined, as more vendors start accepting bitcoin, and more users choose it for their transactions, these wild swings should damp out. Over the next 10 years or so, the number of bitcoins in circulation will approach its final total, roughly double the number in the market now. On the other hand, it is entirely possible that some flaw in the system may come to light, rendering bitcoins completely worthless. I bought my first Bitcoins almost 2 years ago.

The technology has potential to become the “gold of the Internet. The two currencies share many useful attributes. I look forward to watching this chart over time. What’s up with the log scale y axis? It makes it harder to compare to other charts since the rest use a linear scale.