Bitcoin fountain

What is a SMS hosted Wallet.

To use Bitcoin you need a Wallet. Users of Bitcoin currently do

so though one of the many Wallet Providers such as- Bitcoin-QT (Core Project), Bitcoin Armory, and Electrum. New users can be overwhelmed very easily as they require a full PC environment (something quickly being replaced by other devices). This SMS service allows all current cell phone holders to interact with the Bitcoin via a hosted account. This means you can take your wallet with you wherever and have it at all times.

Dont have Bitcoin? Sign up for the Faucet.

Pick node near you, simply send a SMS to get get started! First come first serve, each new number that sends a message will automatically make an account. If you do not get credited btc right away, it can still come next time the fountin is filled.

Global Networks. The Final Frontier.

There are many phone numbers one can enter the network from. These nodes can be international, (Currently US, UK and Canada) but they all reach the same central cloud service. If any node becomes unresponsive you can simply send a SMS message to a new node and pick up exactly where you left off.

Different nodes can host modified versions of the primary code. Changing the language of the service is as simple as texting a new node. You can be in the middle of an English language Bitcoin transfer and start texting a different language on a different node and pick up right where you left off.

Nodes can be brought online in currently over 150 countries via the cloud infrastructure at Twilio. However with the need of two way SMS building and maintaining these networks is going to require a lot of resources.I currently apply no fee's and provide the hosting and SMS completly from donations and my own person funds.

Nine Trust-Based Problems With Bitcoin

Bitcoin seeks to be an electronic cash (currency) system that doesn't rely on trust. Paradoxically, Bitcoin requires a trust-based ecosystem.

As a brief summary: The Bitcoin system was developed as an electronic currency by Satoshi Nakamoto (apparently, a pseudonym). Bitcoins exist only in the online world (they have no physical form). Each Bitcoin is uniquely identified, and is part of a limited edition (only a pre-set number will be issued). And, if properly executed, Bitcoin transactions are anonymous and non-reversible. For a more detailed explanation of Bitcoin's architecture, see Benjamin Wallace (Wired) or The Economist .

Bitcoin is intended to be digital cash/currency, based on cryptography and peer-to-peer networks, rather than trust. As Nakamoto explains:

The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts.

Nakomoto cites as conventional currency's root problem: "all the trust that's required to make it work." But Bitcoin requires us to replace trust in legal systems, institutions and procedures, with a system where we must:

Trust the willingness of counterparties to accept Bitcoin as currency for payment -- a huge leap of faith. Purchasing Bitcoins means participation in a 100 percent trust-based system, without any legal mechanism to compel their acceptance. Conventional currencies rely not just on trust, but also on the force of law. For example, in America the "Legal Tender Statute" (31 USC Sec. 5103) specifies that: "United States coins and currency. are legal tender for all debts, public charges, taxes, and dues." No country issues Bitcoins, and no government legally compels anyone to accept them as payment.

Trust unregulated institutions with your personal bank information just to purchase Bitcoins. As described in Mother Jones. if you. have qualms about handing over all of your bank information to an anonymous internet stranger, then you might want to just give up now. The major Bitcoin exchanges don't accept credit cards.

Trust a cryptographic, peer-to-peer network computer technology most Bitcoin users don't understand.

Trust that Bitcoin (really, a beta) won't be replaced by a superior digital currency system, rendering original Bitcoins obsolete and worthless.

Trust that the Bitcoin Foundation /other participants won't create additional Bitcoin series, thereby diluting the value of the original Bitcoins.

Trust that governments won't intervene to render Bitcoins worthless (e.g. if Bitcoins facilitate too much drug-dealing or money laundering, the U.S. government could make their possession illegal).

Trust an anonymous creator (Nakamoto) who's mysteriously "moved on to other projects" and disappeared.

Trust that Bitcoin markets will be available to provide prices in real currencies -- as recent events demonstrate, also a leap of faith.

What is Bitcoin Mining or bit coin Answers from the Experts

Trust that your Bitcoins are stored in a secure location. Precisely because Bitcoin transactions are anonymous and non-reversible, they're highly vulnerable to theft. If your Bitcoins are stolen, they're pretty much untraceable. For a non-exhaustive list of major Bitcoin theft incidents, click here .

Rather than as currency, perhaps we should evaluate Bitcoin as the first example of Dadaist Digital art. An art work exists as part of some limited edition and has no intrinsic use. If you purchase art (for financial reasons), you must believe/trust that members of the art ecosystem will value/be willing to purchase that work at a future time.

Dadaism was:

an. international movement. repudiating and mocking artistic and social conventions and emphasizing the illogical and absurd.

One of Dadaism's first major works was Duchamp's Fountain (created under the pseudonym R. Mutt). As shown below, Fountain is an off-the-shelf, mass-produced urinal.

Source: Wikipedia; Marcel Duchamp, Fountain 1917. Photograph by Alfred Stieglitz

The urinal designated as Fountain, however, had considerable value. Replicas, authorized by Duchamp, have sold for over $1 million each .

Duchamp made an important artistic statement with Fountain; but on another level, he created an intellectual joke about the nature of art.

Nakamoto, in "Bitcoin: A Peer-to-Peer Electronic Cash System " and other writings, makes important observations about cryptography, currency and the nature of trust.

Bitcoin's design is highly significant and will likely influence payment systems for years to come. However, Bitcoin's implementation feels like an elaborate intellectual joke. Under the guise of eliminating the need for trust, Nakamoto demonstrates that trust is an inescapable part of payment systems.

Is Satoshi Nakamoto the Duchamp of our Digital generation? Bitcoin's inventor seems sophisticated enough to understand that, as currency, Bitcoin's long term value might be zero. But analogous to Duchamp's Fountain, Bitcoin might be intellectually priceless -- for the issues it highlights (or as the first example of Dadaistic Digital Art).

Steven Strauss is an adjunct lecturer in public policy at Harvard's Kennedy School of Government. Immediately prior to Harvard, he was founding Managing Director of the Center for Economic Transformation at the New York City Economic Development Corporation. Steven was one of the NYC leads for Applied Sciences NYC (Mayor Bloomberg's plan to build a new engineering and innovation center in NYC), NYC BigApps and many other initiatives to foster job growth, innovation and entrepreneurship. In 2010, Steven was selected as a member of the Silicon Alley 100 in NYC. He has a Ph.D. in Management from Yale University, and over 20 years' private sector work experience. Geographically, Steven has worked in the US, Asia, Europe and the Middle East. You can follow him on Twitter at: @Steven_Strauss

Bitcoin Robot

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What is Bitcoin?

Here is the definition from WikiPedia

Bitcoin  is a cryptocurrency where the creation and transfer of bitcoins is based on an open-sourcecryptographic protocol that is independent of any central authority. Bitcoins can be transferred through a computer orsmartphone without an intermediate financial institution

Didn’t understand anything? No Probs. Just like you have money in form of papers, Bitcoin is a currency that is stored digitally  in your digital vaults like computer, online disk, USB disk..etc. There is no regulatory or middle person to control Bitcoins as its an open source currency. It perfectly legal and safe!

It has value for the same reason, the paper (cash notes) in your pocket has value.

You can buy things with it.

So who all accept bitcoin to sell things? Many websites in the internet now accept bitcoin to buy their products or service. But not too many. as this is a new concept introduced in 2009 .

But its gaining very high demand and getting very very popular because of its easiness of use and absence of third-person to process transactions. If you want to learn how Bitcoin works, just watch the below video!

But you don’t have to know how Bitcoin works to use it AND

You don’t have to know anything about Bitcoin at all to make money using Bitcoin Robot!

Watch the below video to see What Bitcoin is and how it works!

What is Bitcoin Robot?

If you know about currency trading and forex robots, then it is very easy for you to understand what Bitcoin Robot is. To put it simple, currency trading is the trading of various currency pairs. like USD to EUR, USD to YEN..etc. Currency rates varies every hour and you can trade currencies to make profit. Forex (Foreign Exchange) is the worlds largest market which has a turnover of $8 Trillion Every single day !

Now there are   Forex Robots . that can automatically make trades on your behalf. Its not a physical robot, but its just a software that automatically buy and sell currencies in your account by analysing and predicting the fluctuations in the currency rate. You need to have a good forex robot that predicts and make trades correctly, or else the software can lose your money. For example,  FAPTurbo is one of the best forex robot ever and has already generated thousands to its users automatically.

Bitcoin Robot works the similar way – Its a software/script that trades your money (in USD) against Bitcoin Currency . Got it?

Once Bitcoin’s currency rate is about to increase, the bot buy some bitcoins using your USD . and when the rates are at the peak level, it sell the bitcoins for USD . So finally you get more US Dollars than you invested. Note that you can convert Bitcoin to any currency you want any time!

Also how much you invest is totally up to you. So you don need to use any bitcoin, know what they are or make transactions using them in order to use this bot. All you need is to get the bot, make your digital vault, deposit some money and give your account information to the bot, and it will execute trades . The bot make 10-20 trades a day based on fluctuations in the Bitcoin/USD currency paid.

So it makes money every day even while you are sleeping . Cool?

Of course, you don’t get all trades as profit as the bot execute lot of trades a day, but in the end of day you you are very likely to earn profit. The bot is engineered well to analyse fluctuations in the Bitcoin Currency Market and thus it make precise and accurate decision on when and how much to trade . The bot has a good success rate your investment will double in a short time!

Do you know that 1 Bitcoin was 7 USD in 2011, $104 in August 2013 and now is around $450?

If you bought 1000 bitcoins for $7000 2 years ago, now you would have had $104,000 . Don’t worry! The demand for Bitcoin is still increasing!

But to make a trade every 2 year, you don’t need a robot! Right? Thats where Bitcoin Robots plays its role – It works not only with increments in rate, but also decrements. T he more fluctuations occur in the market, the more it trades and the more money it makes for you !

Why you should get The Bitcoin Robot?

Perhaps you are new to currency investment, drowned in Forex or new to Bitcoin investments and you don’t know when and how to make trades. That is perfectly okay as this is a new concept – and you don’t need to know that now as Bitcoin Robot is there! Bitcoin Robot help you make money by auto-trading with the money you invest! You don’t need to know anything about currency investment or Bitcoin at all to use this bot .

This is an automated money making machine or more like an assistant doing trades with your money.

Also you don’t have to pay your assistant a monthly salary -  The bot just cost you $149 (Buy Now ) . And how much to invest in it is all up to you and you can stop/start/withdraw/deposit any time you want!   There is no bank or no government to control you! Its perfectly legal and its the beginning to a revolution .

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