About the author  ⁄ Wayne Parker

Estate planning is an essential consideration for everyone that has assets to pass onto their beneficiaries. Since bitcoin functions as a store of value, it is important to treat bitcoin similar to any other asset. One of the goals of a bitcoin wallet owner is to secure his/her wallet so others cannot gain unwanted access to it. This security also prevents your loved ones and beneficiaries to gain access to your bitcoins in the event of your death unless you have planned for it. For this reason, it is very important to consider the options you have to plan for …

Read More →

A frequent question people have about bitcoin is ‘what can I spend them on?’ There are many merchants that accept bitcoins, and this number is increasing every day. Since Bitcoin was first adopted by the tech community, spending bitcoins on electronic equipment seems like a good place to start. I needed a new computer monitor and I thought this would be a perfect opportunity to document my transaction and share it with you. I decided to search through Bitcoinstore.com, an online retailer that only accepts bitcoins as payment. Bitcoinstore.com functions similarly to other online retailers (Newegg.com, Amazon.com, etc.); you can …

Read More →

Bitcoin as a currency increases in utility as it becomes widely accepted and easy to use. As more and more people realize the inherent advantages of this modern currency, the number of merchants is growing every day. During the last week two major companies added bitcoin payments. Paying your rent Alvic Property Management, a property management company based in New York City, has begun accepting bitcoins as payment for rent and maintenance at their properties. Alvic specializes in cooperative, condo and multi-family properties in the New York real estate market. Property Management Companies, or landlords, have been slow to accept …

Read More →

One of the questions that is asked the most about Bitcoin is “where can I use Bitcoins?” The number of businesses that accept Bitcoin is limited; however, more are accepting Bitcoin as a payment method every day. At The Genesis Block, we will feature businesses that are creating and innovating products and services for the Bitcoin industry. Bitcoinstore.com is an online electronics store that launched last month and is accepting Bitcoin as its ONLY payment option. The mission of the site is to prove to other retailers the benefits of adopting Bitcoin as a payment option. For merchants, the benefits …

Read More →

The origin of Bitcoin is shrouded in mystery. We know the concept of Bitcoin was first released to the world in October 2008 via a white paper and that this white paper was written by Satoshi Nakamoto. However, no one knows who Satoshi Nakamoto is. He could be one person or a group of people. There have been investigations trying to find Nakamoto, but there have been no confirmations yet. A few months later, on January 3, 2009, the Bitcoin system explained in Satoshi’s white paper came to life. The first Bitcoins in existence were released to the world in the first block, the Genesis Block …

Read More →
1 Flares Twitter 0 Facebook 1 Google+ 0 LinkedIn 0 Email -- 1 Flares ×