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Bitcoin Useful Information

While the currency was born as a liberating institution and promoter of cooperation between humans, over time governments have made her a tool increasingly sophisticated social control. That’s why all entrepreneurs involved in the creation of voluntary use coins, that is not imposed by force, have had to face the long arm of the law. Among the trail of victims we find the Liberty Dollar and its creator, Bernard von NotHaus, who suffered a raid by the FBI in which all its assets were confiscated (gold and silver that backed the currency), and who was then sentenced to prison. Other known cases are those of eGold (company that used to allow the transfer of digital letters with gold backing, also ruined by the the US government) and GoldMoney (company still resists the harassment of the US government, and it has been forced to cancel their service in several countries, and to cancel his online payment system everywhere).

Bitcoins can be used to buy merchandise anonymously. In addition, international payments are easy and cheap because bitcoin are not tied to any country or subject to regulation. Small businesses may like them because there are no credit card fees. Some people just buy bitcoins as an investment, hoping that they’ll go up in value.

Many large online businesses accept bitcoin, such as Overstock, Expedia, and Dell. Non-profits such as Wikipedia and the United Way also accept bitcoin donations. Look for a bitcoin payment option at many of your favorite websites and you'll be surprised how many accept bitcoin! You can view a list of merchants here.

People can send bitcoins to each other using mobile apps or their computers. It’s similar to sending cash digitally.

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