Regarding my Acceptance of Bitcoin

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“The First Rays of Sunlight” – Summer 2013 – Frick Park – Pittsburgh, PA

So I have been receiving a few emails with questions regarding my acceptance of bitcoin… I have decided to just write about the subject as I have sent the same reply email ten times now… This post is different from anything I have ever written… But I think it will explain why I believe bitcoin is a good thing… And why I think we should all adopt it…

Bitcoin is a decentralized currency that only exists in the digital realm… Meaning… There is nothing physical about it… It is a line of code… I often compare it to gold in that it has a value because supplies are limited… It is difficult to acquire… And increasingly in demand… It is also similar to gold in that its value is universal… When a bitcoin is worth a thousand dollars in the United States… It is worth the equivalent of that anywhere in the world…

Across the bottom of many of my posts you will find my bitcoin wallet address… Just in case – 1JsKwa3vYgy4LZjNk4YmPEHFJNjPt2wDJj – is what it looks like… I can receive bitcoins with this address… If you had one… I could send bitcoin to you… It is safe to post it anywhere… This number only receives… In order to send you actually have to log into your wallet… This is not possible with this address…

If you want a digital wallet… I recommend CoinBase… It is free to sign up… You can receive coins with it… But much more importantly… You can buy bitcoins using this service… Safely… They are based in the United States… And are not linked to the Silk Road or any other drug related dealings… They are a legitimate investments service… Operated by real people… Who actually return emails promptly…

I also like the fact that I can send money anywhere in the world without any kind of charge… I can send twenty dollars to an artist in Africa instantly… I can donate to a cause in Brazil… Hell… I can accept donations or tips from anyone in the world… No matter how large or small… This is why I believe bitcoin could revolutionize blogging… It would allow us to tip each other with actual money… And because bitcoin is digital… Sending small amounts is possible without a transaction fee (There is a transaction fee – But it is so small you will never even notice it)… Basically… If I read your post and like it… I could “tip” you with anything from a fraction of a cent all the way up to millions of dollars… If we all had bitcoin addresses… Making a small amount of money could be possible…

I personally believe bitcoin is here to stay… Though I do not believe it will replace fiat currency… I do believe it will become a commodity like gold or silver… It just makes sense that the concept of “value” would stray away from physical materials into the digital realm… As we as a culture spend more time in cyberspace… We will find ourselves looking for objects of equal value… In a world of computer codes… It just makes sense that we would find certain codes to put value on… The gems of the computer world… Like gold locked away in digital codes…

I recommend anyone who actively blogs at least looks into the world of bitcoins… Check out my link above and sign up for a wallet… After you have a wallet… You will be given a receive address… Anyone in the world with a bitcoin wallet can now send you money… If they like your post… They could send you a few pennies… Or a few million dollars… It just depends on how good of a writer you are…

Since the wallet is free… And costs nothing to maintain… I feel there is no reason all of our blogs don’t list bitcoin addresses… As far as I am concerned… To not have one is to miss out on possible earnings… However small a piece of the pie… But pie none the less…

Just in case you would like to open a wallet – CoinBase is what I use… If you want to purchase coins you have to let them link to your bank account… And the entire transaction takes 4 days for security purposes… I HAVE PERSONALLY DONE THIS… I have bought coins through their service… My only complaint would be they were a little too careful… But that’s not a real complaint…

If you would like anymore information about bitcoins… Please don’t hesitate to ask – c.condello@hotmail.com

plant petunias and question everything – chriscondello

Donations and Tips – 1JsKwa3vYgy4LZjNk4YmPEHFJNjPt2wDJj

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