Trading Bitcoin with Coinbase
On the 420 highway of digital currency platforms, Coinbase is the freeway by which Bitcoin vehicles traverse the fairway of fiduciary obstacles. In theory, this crypto-verified worldwide-platform should constantly inflate in value, as trades and buys influence future human participation in the network. The conceptual model of digital currency is astonishing, and the universal worldwide acceptance is frighteningly powerful. Basically, a required source of electricity maintains that operational costs of host Bitcoin mining servers shall be consistently high, and bitcoins awarded to a discovering farm are shared equally. We define an electronic coin as a chain of digital signatures.
So how do bitcoin servers generate a user and backend data storage system that doesn’t involve any banks or governments?
According to a standardized Bitcoin mining policy agreement, coin payout frequency is a daily feat, and the collective mining output is defined as “coins”.
The fine print section outlines that the subscriber in a Bitcoin mining farm is billed the following dues:
a. 0.150 USD per GH/s upfront
b. USD 0.00028 per GH/s and day, deducted on a daily basis* from the generated Coins
Regarding how Bitcoin was anonymously coined and launched:
The originator name for the Bitcoin crypto system Satoshi Nakamoto used an email address from an anonymous mail hosting service (vistomail) … and sends mail when connected via Tor.
Some have speculated that his entire identity was created in advance in order to protect himself or the network.
Perhaps he chose the name Satoshi because it can mean "wisdom" or "reason" and Nakamoto can mean "Central source".
Ultimately the design of Bitcoin and its use of cryptographic proof and fully open implementation is one that makes its creator, in a sense, irrelevant and only of interest for historical reasons.
What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.
The creator of Bitcoin coined himself $75,000 worth of creation bitcoin credits upon inception, at an award rate back then of 50Bitcoins. At nearly half that reward rate currently, bitcoin miners are still justified in attempting to mine the scarce undiscovered coins.
As the proverbial bitcoin clashes to the floor, a golden pile evolves amassing a more amazing collection each and every day. While riding the curtails of the current bitcoin valuation ascension, I caress my greedy psilocybin filled mind with the crypto-elations of pseudo-stock market gains. The intricate late night fluctuations of an early morning currency appeal to my melting senses. This jazzy pianist oozes philosophically into the mic, and although he speaks no words, his intention is oh so very clear- the ensemble remembers to bellow his name with each existential moment. In each monumental moment, bitcoins are traded and consumed and valuation inflates even more.
As a rise towards currency standardization continues, coinbase and affiliate markets have become flooded with merchant transactions in the cannabis space. Appealing to everybody's essential need for convenience, bit coin follow suit around the globe but most importantly here in California. With proposition 64 passing and causing legalization to impact every neighborhood, The demand for a payment system has become neglected by The federal government and outrightly rejected by most mainstream banks. We at GoogleWeed have plotted a way through the Mayhem, and emerged victoriously at the end of a rainbow, with only a pot of gold to show for.