Wednesday, June 21, 2017

My blog GBMM's priority is bitcoin

In my involvement with bitcoin since 2014 i  knew that there will be other crypto currencies like dogecoin, litecoin ,permacoin and many other crypto's . This crypto's are trying to beat up bitcoin but they could not surpassed what bitcoin had already done in the whole world.  Generatebitcoinmakemoney blog site will be devoted to "bitcoin" though there are sites like the micro wallet that are also handling  crypto's  so we cannot separate them if we are going to be discussing about bitcoins. MY blog GNMM's priority is still bitcoin .

But if we will be posting articles related to other crypto's then i would recommend my other blogsite like .  

In relation to our new involvement with "bitcoin" we have to be aware and knowledgeable  about what bitcoin is , where it originated , how it developed, the problems encountered with this new currency and its present status. I am not a techie but  through research and self studies we could learn about this new  money on the net. 

Note:  Even if your just starting we could earn and learn . So register with bitcoin sites to earn bitcoins then read about bitcoins , news and other developments in order to be updated. Learn new tricks to earn more. Be careful to be trapped into scams , i have experienced scam bitcoin sites especially those who are offering  to double or triple your bitcoin earnings.

Where did bitcoin came ? 
  Bitcoin was created by Satoshi Nakamoto, who published the invention on 31 October 2008 to a cryptography mailing list in a research paper called "Bitcoin: A Peer-to-Peer Electronic Cash System". Nakamoto implemented bitcoin as open source code and released in January 2009.

  So from 2009 to this  year 2017 bitcoin is still alive and having a great value as compared to 
gold and dollar . It is still had to be proven its worth , its barely seven years from only a script for the internet with no value whatsoever it had grown now to a value of  $ 2,669 per US dollar.  

What is this bitcoin and how come its being patronize  ? 
 So bitcoin is being recognized and intended to be a digital currency. Currency like dollar is being used for the purchase of services and goods where the dollar could be in the form of paper and coins but you could also use now cards , ATM , cheque and wire to transfer your money. Since "bitcoin" is a script it can only be used online or with the internet but since the onset of the internet which is worldwide "bitcoin" can reached anywhere and its handy, simple and there are peculiar characteristics that it can do where the paper and metal money could not do.  

Let us try to explained bitcoin the simple way ; 


Will update developments about bitcoins ...

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