Do You Want Free Money?

Do you want free money? If the answer is yes, then as a member of the 21st century, you should definitely know about what is called the Bitcoin experiment. This cryptocurrency has really taken off in recent years with people attempting to mine new coins or simply trading them with other people and businesses for goods and services.

While it's difficult to understand how exactly this whole thing works (and that's what makes it so interesting), one thing is clear: digital currency like Bitcoin can be a game changer for those who have enough patience and perseverance to put in some time learning about this alternate form of financial freedom.

The main draw of Bitcoin is that it's decentralized and totally untraceable. No one knows who owns what, which means that no one can do anything to mess with the system or the people who are involved in it (all of whom have their own nicknames like Satoshi Nakamoto, The Silk Road, etc.). This creates an in-depth system where people can get really creative and make some serious money by using the protocol to create actual products and services. This has led to a lot of innovation over the past few years, including apps like BitPay which allow people to buy from merchants online with their Bitcoin.

As far as getting free money though, there are some limitations on how much Bitcoin any single person can own. There's a "cap" on how much total money ($1,000 worth) can be in circulation at any given time. This amount is known as the "21 million" and it hasn't been reached yet. Also, if you try to get more than that amount, then some people will actually create a transaction that will combine multiple smaller coins into one larger one. This is done because there's a cap on how many transactions can happen at once (a limit of 7 per second). Although these limits are in place to make sure the system works, this whole process also makes Bitcoin even more valuable as the people who have more coins will probably want to trade them for things they'd rather not hold.

Bitcoin is definitely a unique currency that can bring about some interesting changes in the way we buy and sell things. The mere fact that it's unregulated by a central government makes it totally exciting to those who want a new kind of financial freedom. Perhaps it will be like what the Internet was for information sharing, being used more and more by people around the world and having an unprecedented effect on how we think about money in general. If you're looking for some free money, this is definitely one to watch.

Source: http://www.jonasmaller.com/do-you-want-free-money/

For other interesting takes on economics, we recommend taking a look at  http://www.jonasmaller.com/blog/ .

Title: Money vs The Internet: Which Has Changed Society More?

"Money is a new kind of slavery, and distinguishable from the old simply by the fact that it is impersonal – that there is no human relation between master and slave."

– Emma Goldman, "Goldman on Gold" (1916)

By now everyone in America has heard all about the whole financial crisis caused by subprime mortgages. That's not what this article is about however – because as you know there are always two sides to every story.

Conclusion: The Internet is much more important to any young person than banking or money.

If you're under the age of 30, you may not realize just how entrenched the banking system used to be in our lives before the Internet came along, but it's true – and not merely due to the ease of online banking. In fact, I remember when I was a teenager not even being allowed by my parents to get a checking account until I had a job after high school so that they could "have an idea of how much money I was making". This is something that would never happen these days. The reason for this shift? Technology.