yBitcoinMagazine
7/16/15
11:52 AM
Page 8
VOLUME 2, ISSUE 3
yBitcoin
ySecurity
WHAT IS BITCOIN?
HOW DO I STORE MY BITCOIN?
Everything You Thought to Ask—and More
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By Erik Voorhees
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Bitcoin is both a digital currency and a payment system. It can be sent around the world in seconds, at almost no cost.
By Andreas M. Antonopolous
Bitcoins are stored in a digital wallet. Wallets can exist on your smartphone, a computer, on the Internet or printed out on a piece of paper and locked away in a safe deposit box.
WHAT MAKES BITCOIN VALUABLE? Why Bitcoin Has Value— Notes on the “Network Effect”
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By David Perry
Bitcoin has value because of all the good things you can do with it. Whether you need to quickly transfer money internationally, shop online without a bank account, accept payment from a compromised land with no risk of fraud, or have a store of value you can easily convert into local currency, Bitcoin is your answer. This base level of demand gives Bitcoin a monetary value that can be used in the exchange of goods and services.
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Bitcoin: Perhaps the Most Promising Investment Opportunity of Our Age
By Alan Reiner
Currently, there are a number of measures you can take to completely secure large Bitcoin funds, but they can be complex to achieve. For now, it is best to consult with one of the well-known security companies in the Bitcoin space. Meanwhile, those same companies and others are busy innovating, and greater ease and efficiency are on the way!
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By Kirk Phillips
By Tuur Demeester
HOW DO I BUY BITCOIN? Guide To Buying Bitcoin—The Basics to Get You Into the Market Bitcoin can be bought, mined or exchanged for goods and services. Buying bitcoins is the simplest way to acquire them. You can buy bitcoins in person, direct from another bitcoin holder, purchase them online through an exchange or buy them through a growing number of Bitcoin ATMs.
The Good, the Bit and the Ugly— Cautionary Tales on Bitcoin Security Similar to online banking information, logins and passwords to Bitcoin services must be kept 100 percent private. Best practices include using a password manager to store unique, long passwords for each site and enabling two-factor authentication using a smartphone whenever possible.
Bitcoin is the best performing financial asset of all time. While still nascent, and with several risks, the opportunity for Bitcoin to appreciate in value is remarkable.
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Getting Bitcoin Security Right—
IS BITCOIN SAFE TO USE? IS BITCOIN A GOOD INVESTMENT?
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WHAT IS THE MOST SECURE WAY TO STORE LARGE AMOUNTS OF BITCOIN? And Ready for Main Street
yInvest 3 Year: +52,900%
How to Ensure Bitcoin Security— Tips on Safety and Accessibility
yMining HOW ARE BITCOINS CREATED?
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What is Bitcoin Mining?
By Alexander Lawn
A process called Bitcoin mining ensures that bitcoins are created at a predetermined rate until reaching the total number that will ever exist: 21 million. Miners also confirm transactions, ensuring that bitcoins are not “double spent.”
ON THE COVER Cover art by Proof of Work, a London-based creative agency specializing in digital storytelling and brand development. ProofofWork.media
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Buy your first bitcoins with us!
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