BUY MARIJUANA WITH BITCOINadmin
BUY MARIJUANA WITH BITCOIN
Why is Bitcoin exploding in value?
Why is the best way to purchase many products and especially marijuana?
How to get Bitcoin setup – in 10 minutes
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The currency was originally not invented for the purposes of fraud, manipulation, and control of the populace. As time went on money gradually evolved from barter to materials that represented goods, like gold, salt, to notes backed with gold, to fiat currencies created out of thin air. Bitcoin is created out of thin air too, but there are a great number of reasons why it is becoming widely preferred.
Fees for Bitcoin transactions – $ zero
While the US banking system makes $250 billion per year in various fees, the cost of doing transactions is near zero, as in less than one cent. The time it takes for a transfer is much much faster. Your transactions are anonymous. Marijuana businesses dealing in Bitcoin can operate their business in a large part by paying for their expenses in Bitcoin.
“Bitcoin in a way is old school, just press a button and the money goes into the vendor’s hand, it’s like trading a bag of carrots for a dozen eggs, no middle man to take a cut and delay the process.”
Put This in Your Pipe and Smoke it
Example of the game change in Web Commerce: With Bitcoin, people can charge to view videos at $0.01 per hour or 0.00001 cents per second. This means that in a total evening of viewing would cost a couple of cents. You can’t do this with credit cards because the minimum charge is $2.00 or so, and the process is more complicated. This means that independent content creator with 10,000 viewers per hour on their channel will make $100 per hour.
And this also means that creators don’t have to bother their audience with commercials and horribly distracting advertising which is a blight of mankind. It also means that people that comment can be paid in Bitcoin for contributing.
While Bitcoin is backed with nothing, over the past 8 years of its existence, the international web community has increasingly trusted in it, and it’s value, while volatile, is increasing from a few dollars in 2010 to nearly $10,000 in 2017. Big banks are already taking Bitcoin. It’s being used in place of national currency of third world countries because it is more stable. There are even Bitcoin ATM machines in places like the US.
You only need to download a tiny Bitcoin app to your PC, or mobile device to create a Bitcoin account, or we should say wallet as it’s commonly referred to. A Bitcoin wallet works somewhat an email account; there is a digital address which is secured with a password (key), and it holds all your Bitcoin, records of transaction, but nothing about you personally if you don’t want it to.
Create a Wallet – A Bitcoin Account
If you have a Bitcoin wallet, you can send or receive Bitcoin. You can create a Bitcoin wallet with your mobile or computer, just download an app and in a few minutes, you’ll be able to make online payments using Bitcoin anywhere on the net or on the street, that accepts Bitcoin. Just download an app and click add wallet: Desktop – Hardware – Mobile.
“A Bitcoin wallet is as simple as a single pairing of a Bitcoin address (letters and numbers) with its corresponding Bitcoin private key.”
“1H7wYXUrSfUKxAYmA5MFUFyUsXGY4CEDLC is an example of a Bitcoin account number posted by a youtube content creator::. that’s all you need to send him Bitcoin. And that’s all he might need to make a living.”
People with Bitcoin can send Bitcoin with “1H7wYXUrSfUKxAYmA5MFUFyUsXGY4CEDLC” only. The owner has a key that keeps his account secure, Bitcoin wallets have never been hacked into ever, but vulnerable computers and devices containing the key information have been stolen. Therefore, you want to have proper security on your computer. With that said, your regular online bank account can be hacked into as well.
“To safeguard a wallet, you must print or otherwise record the Bitcoin address and private key. It is important to make a backup copy of the private key and store it in a safe location.”
Create a Bitcoin Wallet in 3 minutes – (below – your public account key)
Start small and buy a few hundred dollars worth. You can get Bitcoin by accepting it as a payment for goods and service or buy it online. Just provide your wallet ID to the person you want to receive Bitcoin from.
“Add funds to your wallet by instructing others to send Bitcoins to your Bitcoin address. Check your balance by going to blockchain.info or blockexplorer.com and entering your Bitcoin address.”
See further reading about buying Bitcoin.
Go on the net and source out a supplier of marijuana which accepts Bitcoin and buy a few grams as a low-risk test. There is a growing number of services and merchants accepting Bitcoin all over the world. You can use Bitcoin to pay them and rate your experience to help honest businesses to gain more visibility.
Risks with Bitcoin
Don’t lose your Bitcoin wallet – If you lose your key to your wallet, you are shit out of luck. It is the same thing as losing your purse, gold or what have you. The upside is, you can hide your key anywhere, which is easier than keeping track of actual supply of gold, in this way Bitcoin might be safer than a stack of cash of gold bar.
In fact, certificates for gold can be faked, and the gold that is supposedly in the vault – does not necessarily exist or can actually be gold coated tungsten, going undetected for decades. Also, the world’s currencies are not backed by anything except a promise to pay by the debtors, which is based on confidence. Basically, countries that have strong currencies have a stronghold of their debtors and can force the trade to take place in national currencies. Bitcoin, on the other hand, has greater integrity, its creation is not subject to the manipulation of bankers and power groups because they have nothing to do with its creation and supply.
Volatile Price – The price of Bitcoin could go down. It’s gone down considerably for a short period, however, its rebounded and appreciated too much greater heights. Right now, demand for Bitcoin is accelerating, it continues to appreciate rapidly (end of 2017). This is new territory, and many people have made a fortune from Bitcoin. Still what goes up, probably comes down. Then again, other currencies, like the US dollar have consistently lost most of their value over the years, in this case, 97% over the past 100 years. For example, back in 1917, standard US wages were 50 cents to a dollar per day.
Hackers – In this regard, Bitcoin is probably the most secure choice due to its superior encryption. All bank transactions are threatened by hackers online, they can guess your password or get into your computer and steal your account information. So if you keep a file on your computer with the Key, someone could hack in and steal it, but no one has ever cracked Bitcoin wallet key.
NOTES ABOUT BITCOIN
You can use Bitcoin without knowing any of the following, but most people like to know these ins and outs.
Icon Bitcoin payments are irreversible after complete, but if you know who the recipient is, you can ask them for the money back in a separate transaction.
Confirmation takes between a few seconds and 90 minutes, with 10 minutes being the average. If the transaction pays too low a fee or is otherwise atypical, getting the first confirmation can take much longer.
Your ID can be completely anonymous, but the regular form of transactions could be traced back to you, but this is a very difficult process
Neither the Bitcoin spender nor vendor is obliged to keep transaction records to complete, however, they might be obligated by their country to report revenue and spending, for taxation and governmental whatnot.
Some businesses control the Bitcoin payment requests they are displaying to their customers.
Bitcoin can detect typos and usually won’t let allow transactions with an invalid address by mistake.
All Bitcoin transactions are stored publicly and permanently on the network, which means anyone can see the balance and transactions of any Bitcoin address.
The identity of the user behind a Bitcoin wallet address remains unknown unless the information is revealed during a purchase or in other circumstances.