If you have been asleep for about five years and haven't heard about Bitcoin yet, then it's time to wake up and smell the coffee. In a very short period of time, Bitcoin has generated a market value in the billions and is gaining in populartity in every corner of the world. Many ask why and for what reason does this ‘currency' merit attention? How is it different from any paper-based currency we use currently? And the question on everyone's mind is, "Will it stick?” The market has generated some myths and fallacies that we address here in an effort to provide you with a little more insight into Bitcoin and digital currencies, why they exist and where they are going. First, what is Bitcoin? It is a peer to peer transaction chain that can be held and is designed to be used for electronic exchange in trade for goods and services. More technically, it is a hash code using the strongest encryption available where the record is kept transparently, securely and anonymously with redundancy throughout the Internet. The ‘blockchain' is the source of bitcoin and the store of transactions for all Bitcoin. This blockchain is hashed or mined to match transactions and when new Bitcoin are discovered, they are awarded to the miner that discovered the matching transactions. Private and public pools collectively mine for Bitcoin and even though there are individual miners, these pools make up the majority of the petaflops currently being hashed which is devouring the network in search of (string values to match. So, you don't know anything about mining, you are not technical, you know nothing about ‘blockchains' or ‘hashing' or you have no clue where to start to collect Bitcoin. Perhaps you do understand Bitcoin, digital currencies and how it works but still need assistance with developing a plan to earn Bitcoin. Multiple resources exist where you can find information on how to start earning Bitcoin. One of the best that we found is http://www.bitboxy.com, but do your homework as there are a lot of sites coming online devoted to Bitcoin and digital currency. A great short video we from bitboxy explaining the basics of Bitcoin and digital currency http://youtu.be/M5LFmjJgpts. Make sure you research and understand where you should start. If you are already conducting business in Bitcoin, there are plenty of ways to improve and become more efficient. The best resource on the web to research information and services for Bitcoin and digital currency. Bitcoin and Business - It's a Natural. When you need information or services to earn Bitcoin, find them at Bitboxy.com. Bitcoin + Business = Bitboxy.
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