BITCOINS AND DIGITAL CURRENCIES
By Stephen Cohen
Filed copyright through the U.S. Library of Congress
I am writing this for the average person that has no knowledge of Digital Currencies.
There are numerous digital currencies of which BITCOIN is the most respected and has a very high daily cash value.
WHAT ARE THE NAMES OF THE ELECTRONIC CURRENCIES?
Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash are the electronic currencies that have real value. You can use these electronic currencies to purchase or sell items just like using real cash.
Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash are safe digital currencies that trade on the worldwide forex exchanges 24 hours per day and they have a real value. For your own protection, please stay away from all other types of digital currencies as most are nothing but scams.
Each of the electronic currencies that I have listed above do not require a central bank as they are traded on what is known as a Block Chain. A Block Chain is shared public ledger that anyone can see at any time.
Electronic currencies and all its transactions including the Block Chain are protected with extreme encryption. The encryption is equal to the same encryption the US Government uses on their nuclear missiles.
Fraud is impossible because all Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash transactions require community approval to make sure that any sale of a coin is only sold by the real owner before it is entered onto the Block Chain.
What is a Digital Wallet?
Every day we use a wallet to hold our cash. With Electronic Currencies, you have a digital wallet. The difference is the digital wallets has very high encryption that prevents others from stealing your digital money. Each digital currency has a different wallet that is unique to that currency. Some wallets can hold more than one digital currency at the same time.
What is a Private Key?
All digital wallets have a private key. All coins that are transfered require a private key to be entered to prove you are the owner of whatever is being transferred.
It is important that you secure this key and NEVER give this key to anyone! First print it and store it offline in a secure location. I keep my private key in my safe. AGAIN, never give this key to anyone.
How safe are Electronic Currencies?
Because Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash are traded the same as Dollars, Euro’s or Pounds on the worldwide Forex exchanges 24 hours per day consequently, they have real value as long as you keep your private key safe.
With Electronic Currencies, it is not necessary to purchase a whole coin. You can purchase a fraction of an electronic coin.
For example: Let’s say you ordered dinner at your favorite restaurant that costs $52.30 including the tip. You would only purchase $52.30 worth of a coin to send to the restaurant to pay for your meal.
Bitcoins and the other electronic currencies listed above are traded worldwide on various exchanges and the prices goes up and down like a yoyo.
The advantages of Electronic Currencies
Every day more and more merchants are now accepting electronic coins. Merchants like electronic coins more than they like
credit cards due to the low transaction fees of electronic currencies.
PLEASE NOTE: BITCOIN TRANSACTON FEES ARE CURRENTLY VERY HIGH. We recommend that you purchase Bitcoin Cash, Ethereum, Litecoin or Dash which has low transaction fees.
A lot of Merchants are now giving their customer greater discounts if they use electronic coins.
With cash you can lose it, or someone can steal it from you. With Credit Cards and debit cards, you must always worry that someone can steal your credit card information while you are purchasing at a place of business or while online.
When using electronic currencies, no one knows who the parties to the transaction are. What everyone knows is the date and time of the transaction, the amount transferred and the electronic address of the parties.
All your transactions are PRIVATE and most importantly, the governments are unable see your transactions.
By using electronic currencies there are no bank wire fees, bank receiving fees, or foreign exchange fees. The transfer is done in less than one minute.
You can travel with your electronic currencies and no one including the government knows how much money you have. Therefore, the government is unable to tax you for what they are unable to see and you can travel with more than $10,000.00 Dollars. Your money can't be seized by governments, banks, creditors, or on judgments.
We all know that cash will cease to exist in future. Today, we use credit cards, debit cards and we use very little cash. Even checks are becoming obsolete. Digital Currency will continue to exist where cash will not. Today, major worldwide banks are now starting to accept and trade in electronic currencies.
Now that you understand Bitcoin, BitCash, Ethereum, Litecoin and Dash let's get started.
There are several companies or exchanges that offer Digital wallets for free that allow you to purchase Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash using your bank accounts, credit cards or debit cards to fund your account. They also will deposit cash into your bank account and some of these companies will deposit funds into your credit card.
Each of these exchanges have simple Apps that will convert your electronic currencies into cash at the current rate of exchange. They also offer free Apps for your iPhone or your Android phones.
Setting up an account and getting your wallet only take a few minutes. In the United States, all electronic currency exchanges are licensed and regulated. It is simple, free and fast to setup an account with one of these exchanges.
Forbes says these are the best companies and exchanges:
Please note: Some of these companies will never turn over the private key to the addresses that they supply to you. What this means is they control all the coins and moneys that they are holding on your behalf.
We recommend that once you have made a transaction that you transfer all remaining coins to a private wallet where ONLY you maintain the private key.
When sending coins to Medicina Mexico, do not mention that you are purchasing medicines because some of these exchanges and companies have policies against using their service to purchase medicines online.
If you contact firstname.lastname@example.org we will issue you a unique electronic currency address for the coin that you are sending to Medicina Mexico.
This address is only assigned to you and no one else. You can use this address on all current and future orders as we will know it is from you.
In almost every country there are Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash exchanges. Just do a google search for Bitcoin Companies or any other type of digital currency you desire in your own country.
Once you have opened a electronic coin account then you will be able to send electronic coins to Medicina Mexico to pay for your order.
To match your electronic payment with the Ledger, we will need the following information sent to: email@example.com so we can ship your order.
1. Your Order Number;
2. The electronic address where the funds were sent from;
3. The exact number of coins you sent to Medicina Mexico and which type of coins you sent.
HOW TO FIND YOUR ORDER NUMBER
If you need to get your ORDER NUMBER, then please go to our webpage, at the top and pick "LOGIN."
Next, In the middle of our webpage it will allow you to enter your username and password.
Then go to the top of the webpage and pick "MY Account."
At the middle of the webpage it will say My Orders, Pick "View the orders I have made"
- Generic Viagra (Mazzogran) 100 mg 10 tabs, Sildenafilo
- Cynomel 25 mcg 100 tabs, Liotironia, Loithyronie
- Perludil Algestone Estradiol 1 AMP INJECTION 1mg
- Viagra Generic (Maxifort) 100 mg 10 tabs, Sildenafil
- Viagra Generic (Figral) 100 mg 4 tabs, Sildenafil
- Bencelin Combo 1,200,000U INJ SOL 3ml 1 AMP, Benzathine, Benzlypenicin
- Bedoyecta Tri Injectable 5 syringes
- Triyotex (Cytomel) 75mcg 30 caps, Liotironina, T3
- REUMOFAN PLUS 30 PILLS
- Ventolin Generic salbutamol Inhaler - 100mcg/dose 200 dose
- Generic Alinia, 500mg, 6 Tabs, Nitazoxanide
- Generic Viagra (Figral) 100 mg 10 tabs, Sildenafil
- Tribedoce Compuesto Complejo B (B1,B6,B12) Three 3 Injections
- Propulsid 10mg 30 Tabs, Cisaprida
- Pentrexyl 500mg 28 Caps, Ampicillin