{"id":120118,"date":"2018-08-14T10:53:22","date_gmt":"2018-08-14T08:53:22","guid":{"rendered":"http:\/\/www.myza.co.za\/creating-your-own-successful-bitcoin-business-part-3\/"},"modified":"2018-08-14T10:53:22","modified_gmt":"2018-08-14T08:53:22","slug":"creating-your-own-successful-bitcoin-business-part-3","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/creating-your-own-successful-bitcoin-business-part-3\/","title":{"rendered":"Creating Your Own Successful Bitcoin Business-Part 3"},"content":{"rendered":"<p><a target=\"_blank\" target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/mypr.co.za\/creating-your-own-successful-bitcoin-business-part-3\/\">Creating Your Own Successful Bitcoin Business-Part 3<\/a>: <\/p>\n<p><iframe class='youtube-player' type='text\/html' width='740' height='417' src='http:\/\/www.youtube.com\/embed\/OpMxqF2gago?version=3&#038;rel=1&#038;fs=1&#038;autohide=2&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;wmode=transparent' allowfullscreen='true' style='border:0;'><\/iframe><\/p>\n<p>If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at <strong><span style=\"color: #0000ff;\">http:\/\/bitclub.network\/clydethorburn<\/span><\/strong>. Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network. For any answers to questions contact Clyde Thorburn at <strong><span style=\"color: #0000ff;\">http:\/\/clyde-thorburn-seo-specialist-johannesburg.strikingly.com\/#contact-clyde-thorburn<\/span><\/strong>.<\/p>\n<p>Author : My Dirty Little Bitcoin Secrets PDF EBook by Ofir Beigel<\/p>\n<p>Perhaps we can find a better way? What if we wrote down somewhere, maybe in a file, what value each person has? This way we can keep track of how much each person can spend. So if I, for example, do some work for you, you would probably give me some of your value in exchange. Let\u2019s name this value \u201cBitcoin\u201d. But how will people be defined in this file? How will someone know how to send me Bitcoins? I guess we will have to give each person a unique address (like an email). We will guard each personal address with some sort of a password. This password is known as a \u201csecret key\u201d. Now it seems only logical to save this secret key somewhere so that we don\u2019t forget it\u2026.Maybe on a piece of paper, or on our computer or even on a secure website. Wherever we choose to store our secret key, will be our \u201cBitcoin wallet\u201d. Back to our file. So we\u2019ve decided to write down which address holds which amount of Bitcoins and update the file each time a transaction is made. This file is called \u201cThe blockchain\u201d &#8211; and it keeps a record of all transactions ever made from the beginning of time. But how can we insure that no one changes our file and say that their address has more Bitcoins then what they actually own? I know! We\u2019ll spread this file around to tens of thousands of people, so whenever someone wants to transfer some of his Bitcoins in order to buy something we can check to see if his story adds up to what everyone else thinks. If he\u2019s good for his money, we will let him spend it.<\/p>\n<p>But why would people want to store this file on their computer, and spend time and energy to verify all of this each time a transaction is made? Well, what if we rewarded people who did this with a small fee from our transaction? Hence the \u201cminers\u201d were born. These are tens of thousands of people who get paid in Bitcoins for going through the block chain, making sure that everything is in order and that no one is cheating (including themselves). Congratulations! You\u2019ve just invented a modern solution for money! And that\u2019s exactly what Bitcoin is &#8211; a digital decentralized currency. Meaning that Bitcoin is a currency that no one controls and it\u2019s governed by a specific set of rules or protocol that everyone follows. Where do I store all of my Bitcoins? Good question. You\u2019re going to need a Bitcoin wallet. I\u2019ve mentioned it in a nut shell a few paragraphs ago, but I want to dig in a bit deeper into this subject. Again, if you\u2019re a visual person perhaps this video will help you. To make things simple we\u2019ll compare the Bitcoin wallet to email. If you want to receive Bitcoins you\u2019ll need a unique personal address, just like an email. Let\u2019s call this address your Bitcoin address, and just like your email address anyone can see it and anyone can send Bitcoins to it. Now you decide that you want to access your Bitcoin address to see how many Bitcoins you own. Well, if this were your email you\u2019d first go to your email program \u2013 like Gmail or Outlook. The same program exists for Bitcoin and it\u2019s called a \u201cBitcoin Client\u201d.<\/p>\n<p>So you\u2019ve opened up your Bitcoin Client, and now you need to log in. For email you\u2019d enter your email address and password. When accessing your Bitcoin program you will need to enter your Bitcoin Address and \u201cprivate key\u201d. It\u2019s important to know that every Bitcoin address has only one matching private key. But each private key can be used for multiple addresses. Just think about it this way: each email address has only one password that opens it. but you can use the same password for multiple email addresses. It\u2019s crucial that you keep the combination of your Bitcoin address and private key safe, exactly like you\u2019d guard your combination of email address and password. Some people write it down on a piece of paper and hide it away, others store it in an encrypted file on their computer; there are also dedicated websites that hold your private and public keys for you. Any place that these two pieces of information are stored on is called a Bitcoin Wallet. Even if you decide to memorize your Bitcoin address and private key by heart, it will mean that your brain is your Bitcoin wallet. Today most programs act as a Bitcoin client and a Bitcoin wallet together. For example, Blockchain.info will store you public and private keys and also allow you to send out Bitcoins. That\u2019s it! You now know what a Bitcoin wallet is. Keep in mind that my explanations are a simplified version of reality since I don\u2019t want to get too technical. I don\u2019t think it\u2019s that important for what we\u2019re trying to achieve.<\/p>\n<p>Read more about Bitcoin and The BitClub Network at <strong><span style=\"color: #0000ff;\">https:\/\/mypr.co.za\/creating-your-own-successful-bitcoin-business-part-2\/<\/span><\/strong>.<\/p>\n<p><strong>From:<\/strong> Clyde Thorburn<\/p>\n<p>CLICK HERE to submit a Video Press Release to MyPR.<\/p>\n<p><small><strong>Source:<\/strong> <a target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/mypr.co.za\/creating-your-own-successful-bitcoin-business-part-3\/\">MyPR<\/a><\/small><br \/>\n<\/p>\n<p><a target=\"_blank\" target=\"_blank\" href=\"http:\/\/mypr.co.za\/submit\">Submit your own Press Release<\/a> or get free content for your publication.<\/p>\n<p><strong>Video &#8211; How to post your Press Release on MyPR:<\/strong><br \/>\n<iframe loading=\"lazy\" width=\"700\" height=\"394\" src=\"https:\/\/www.youtube.com\/embed\/9ovzdChGkuU\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<p><small>My Press Release (MyPR) provides free South African targeted content and press releases for on and off line publishers and media. Registering on MyPR enables public relations companies and practitioners to post articles under their own author name. Public Relations Companies and practitioners, event organisers, sports and political writers use MyPR as a distribution mechanism for their press releases, content, images and news. A forever free subscription allows publishers and media free access to all press releases, content and images on MyPR.<br \/<br \/>\nThis press release is courtesy of <a target=\"_blank\" target=\"_blank\" href=\"https:\/\/mypr.co.za\/>MyPR.co.za<\/a> and was automatically curated and published with <a target=\"_blank\" href=\"http:\/\/wprobot.net\/?ref=578\" target=\"_blank\">WP Robot<\/a> plugin &#8211; <a target=\"_blank\" href=\"http:\/\/wprobot.net\/?ref=578\" target=\"_blank\">CLICK HERE<\/a> to learn more about <a target=\"_blank\" href=\"http:\/\/wprobot.net\/?ref=578\" target=\"_blank\">WP Robot for WordPress<\/a> &#8211; a massive time and money saver.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Creating Your Own Successful Bitcoin Business-Part 3: If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at http:\/\/bitclub.network\/clydethorburn. Once [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9021],"tags":[12342,31811,4621,6419],"class_list":{"0":"post-120118","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-mypr","7":"tag-bitcoin","8":"tag-businesspart","9":"tag-creating","10":"tag-successful","11":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/120118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=120118"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/120118\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=120118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=120118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=120118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}