Sunday, November 24, 2024

Understanding the Emerging Bitcoin Economy

I mentioned some way in which a Bitcoin economy could traverse today’s current dependency on a bank on interest commerce which widely supports an interest based, and non-intrinsic economy. This is an economy that sustains itself on by printing money.

Early in history during the separation of the Union, (Now called the United States), a new economy was developed from which Union Peoples could exchange printed dollars for valuable assets, things like food, clothing, and other life necessities. This, printing of money also removed the Union from dependency on the King of England’s economic and currency system; allowing them to prosper without the restrictions of England, thereby gaining for the people of the Union there freedom, both economically and as time passed constitutionally under the Declaration of Independence and it’s Bill of Rights.

Here is a link providing information about the developing Bitcoin commerce. I think it is an example that we may need to implement so that, as our Founding Father did, we can liberate ourselves from a Tyrannical Political Economic Structure.

Here are some basic FAQs:

Bitcoin verifies transactions with the same state-of-the-art encryption that is used in military and government applications.

Open Currency
Fully Decentralized

Bitcoin is open-source. Nobody owns it; the most popular client is maintained by a community of open-source developers.

Using the Bitcoin network is free, except for a voluntary fee you can use to speed up transaction processing.

Watch a video about the Bitcoin and get a free Bitcoin E-wallet here.

http://www.weusecoins.com/en/

http://www.weusecoins.com/en/