Doge ; D9DRskDGD3X9oT6zanwuWFWc6AJpcWwrEd

BitCoin ; 1JhChswANL88f2HWiUnPtf18YUGzxjHiSp

LiteCoin ; LMMLsvXbphUxvZPWufzasTYweaVh7t4j9

Cyptsy Tradekey ; c327d4078c773bca878d8f38e0e98927cdeb00dc

3/25/2014

By now I'm sure you have heard Digital Money or CryptoCurrency and more likely heard of the original credit named BitCoin (BTC created in 2009) which has pioneered a new way of conducting financial transactions without a middleman and heavy fees. This has also paved the way for many new businesses and thriving individuals to either cash in on the Multi Billion dollar a year use of the monies to open more option for customers or to simply have some ease and more control over their finances in general. This also opened the flood gates for many others to try to mimic Bitcoin and its offerings , either for financial gain or to offer easy payment systems to customers of a specific niche or set of goods. Some other popular "coins" are Litecoin, InfiniteCoin, PeerCoin, the Meme based currency DogeCoin and many more. You probably have seen the Doge Nascar that is in the works or if you saw the Jamaican Bobsled Team in the 2014 Winter Olympics , Guess what? That's RIGHT, Sponsored by DogeCoin!

To understand a bit more about CryptoCurrencies, they are essentially a digital credit stored within the internet (and OFF-line too, more on safety/storage another time) with no central government or bank in charge of it. This for the Most part puts some financial power back in the hands of people around the world, "By The People For The People" as it should be. It is also a near instant and painless transactions medium no matter dealing with friends , family or business.

Many companies are starting to hop aboard the money train as they see the huge potential impact digital money will have on their continuous future sales to be able to compete with their contenders. This is holding true with more small businesses and the larger corporate entities. For instance you may fine local Pubs, eateries, clothes and craft goods as well as services such as web-hosting, consulting services, advertising and more. Even a massage! Maybe you are looking for a new big screen TV , a tablet, computer or a Home Automation system ? well you can head over to TigerDirect . If your looking for deals , try Overstock. Whats that you say? You want to blow some serious coin on a shiny new Lamborghini!! Go to the Lambo Dealership in Newport California! Telsa Even Accepts Bitcoin as payment!!!

When at all possible you should (in my opinion) spend your coins with real people for goods and services rather than with large entities that likely will house the credits to invest rather than circulate back to the community but with respect to the large corps, definitely give them some business as the large companies showing interest will let the masses accept it more freely.

SO , All of this sounds Fun, New and exciting right? RIGHT, it IS!!! But where do I get them and where do I store them for use? It's not hard to get started using crypto's or to store them. First off you will need to have digital "Wallet" to store your monies on. What wallet you will need depends upon the currency to choose to deal with. You can download a wallet application to your computer and in some cases straight on your mobile phone or tablet. Alternatly you may use an online exchange (Trading Post) to store your monies. For example let take Bitcoin. You can go to bitcoin.org , Blockchain.info to find a wallet client to download or go to CoinBase.com to store online. You can even use Bitcoinera.net to gain a 6% monthly interest on your deposits! If your like most people now a days On The Go, you can simply go into the App Store of your BlackBerry, Android or iPhone and download a mobile Wallet. Then can be used as you storage, Ways to send and even better recieve them. Take Note that once you start using digital currency , you take full responsability for your finances! So if you mess up and lose your wallet or access to it, you may be a bit broker than you were prior with no real way to recover them. Though you do have what is called Private Key. Private Keys can be used to recover lost account info and balances. So don't lose your info. Also another thing to be Careful with is sending the correct amount of funds. It you accidentally send to much to someone or a company, well you just made their pockets a bit fatter so to speak. There is no way to reverse a payment once its sent. Again Once its sent, it's sent for good!

Now you've got your wallet of choice (or Several) and are ready to start collecting your funds. There are several ways to acquire cryptocurrencies. You can simply go to an exchange and buy them with your countries local Fiat which is fast and usually endures small fee and your personal information. Alternatively and viewed by most as the better way to get them is simply to Work for, Barter and even "mine" for them. Working for them is simple and a way to get them for only your personal efforts. No matter doing hard labor or a simple service for someone, they can pay you in lets say Dogecoin directly and with no delay or third parties. You do the work, you get Doge! All you did was maybe something you normally would have done for traditional money. You may also sell any goods from a company you own or maybe from that old weight set sitting around collecting dust you want to get rid of. Be creative and I'm sure you can find plenty of ways to earn them. By supporting individuals earning through means of labor, services and goods, you help to support the communities associated with each Crypto out there as well as spread the wealth out around the world.

Now you saw I mentioned that you can mine for them. Mining is a term used in association with the circulation of any cryptocurrency. There are people that are called "miners". These people have powerful computers that are processing the financial transactions that people make every day, hour and even second. All Transactions are put into what is called the BlockChain. The blockchain it broken into "Blocks" and each block contains a set of transactions that need processing and confirmation. The Miners equipment does all the processing and confirmations usually within minutes and seconds. Once a Block is completed a miner is rewarded a set amount of Coinage as a reward or transaction fee for their equipment processing these transactions. This is another way to be apart of the communities on a whole and a great way to earn at the same time. Though it is getting increasingly hard and pricey to mine for crytpos. As time goes by it becomes more and more difficult to process said transaction requiring even more powerful computers costing the miner greater cost for their total overhead. Equipment isn't cheap nor is the power that runs them.

Hopefully this quick insite will help you out some in getting started. Stay tuned for more info from Cryptovend.

"Embrace Technology don't empower it" ~ Dion McDermott

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