Top 10 Old School Bitcoin Facts that every newbie should know

Call it a bit of Bitcoin nostalgia but I found this old school video so hilarious. I had to post it for the entertainment value. Just think Bitcoin is less then 10 years old but for me, watching this video felt the same as watching an old 80’s Top of the pops show. You know deep down you dressed and danced the same way but looking back at it really feels cheesy. Polyester may have been cool and hip in the 80″s but 40 years on you wouldn’t’ go near it with a barge pole. Likewise 10 years from 2009 we have come along way with the cryptocurrency and Bitcoin as a whole. It’s no longer the geeky fad it once was. Big Industry players and the finance sector are actively carving out there space in this Epoch of the world economy. Ask yourself the question which is more important email or money? Bitcoin is way bigger then email!
For those who prefer to read I have had it professionally transcribed below. We offer these services here at PC Hospital just call us on 0203 714 3567 or use the contact us form.

It’s time to put your money where your monitor is and while it doesn’t grow on trees it does grow in your hard drive welcome to watchmojo and today we’re counting down our picks for the top 10 Bitcoin facts. Number 10. Bitcoin basics otherwise referred to as electronic money or virtual currency. Bitcoin is a peer-to-peer payment system that offers a 21st century alternative to regular brick-and-mortar banking. A Bitcoin is something that most users will never see and never touch beyond their computer screens, exchanges are made via wallet software rather than the traditional wallet in your back pocket. There exists no central bank or authority so the value of your bank balance is set entirely by the supply and demand of the market. Number 9. Buying things with bitcoins as with all money it’s best if you’re able to spend it. It’s been gradual but there are more and more commodities becoming available to Bitcoin holders. Perhaps the most high-profile to accept the currency is Virgin Galactic, their upcoming space tourist flights are purchasable. If you prefer your transport a little more traditional than Lamborghini is the first motor company to give the go-ahead and what car-stereo would be complete without Spice Girl Mel B.  She was the first musician to recognise payments for her music.

Number eight. The numbers the Bitcoin supply is finite production of bitcoins is romantically called mining with millions of dollars worth mined or exchanged electronically each day. Every Bitcoin transaction is verified using an extremely complex algorithm. And these verification’s are done by a large network of mining computers competing against each other. When a miner successfully verifies a transaction he or she is rewarded with a small amount of bitcoins. This is also how new bitcoins are introduced into the system and mining is a lot of work globally. The network of mining computers is now over 250 times more powerful than the world’s top 500 supercomputers combined. Number 7. The value with nothing to hold in your hand the bitcoins value might seem indecipherable. As a new concept it does tend to fluctuate however in general the value seems to be increasing in November 2011 after a crash a Bitcoin was worth $2 u.s.

In November 2013 a Bitcoin topped $1,000 US and value and briefly was worth more than an ounce of gold though its value has since fallen just imagine the level of security when the first Bitcoin cash machine opened in Vancouver Canada the previous month. Number 6. Bitcoins and bankruptcy an old saying says you have to speculate to accumulate and there are speculators aplenty when it comes to Bitcoin while there are winners there are inevitably losers – in February 2014 Mount GOx the one-time largest Bitcoin exchange was forced to file for bankruptcy protection due to possible hacking theft or mishandling that cost them in excess of four hundred and fifty million dollars. Bitcoin is a currency that can lose up to 80 percent of its value in seconds. So mount GOx was in very big trouble very quickly.

Number 5. Banning the bitcoin, probably because it subverts the traditional banking system and works outside government regulation bitcoin is outlawed in many countries around the world and is heavily frowned upon by many others. In July 2013 Thailand  became the first country to completely ban the currency though they later relaxed the ruling and China with its higher global profile banned banks from trading bitcoins. In December of the same year the US Treasury has also flexed its monetary muscles by shutting down a physical Bitcoin production company in 2013.

Number 4. Know your limits, the number of bitcoins that can exist is limited to 21 million and the production rate is scheduled to be halved every four years to ensure that the value of a Bitcoin is not lost. This means that supply will run out around the year 2140 and although miners will no longer be rewarded with new bitcoins they will still be paid for their efforts through transaction fees. As it stands today over a century before the deadline roughly 64% of bitcoins sit unused in their respective accounts appreciating and depreciating with time.

Number 3. WikiLeaks the notorious organisation WikiLeaks relies very heavily upon this futuristic form of finance in mid-2011 the nonprofit whistleblower group began using Bitcoin as a method of processing donations because other money transfer companies wouldn’t deal with them. To become so dependent on something so unpredictable is perhaps not the wisest of moves but so far using the cryptocurrency hasn’t done a lot of harm to the media profile of Julian Assange and company. Julian says ” watching the world change as a result of your work priceless.”

Number two. Silk Road, the equally infamous Silk Road website used bitcoins as its form of currency a black-market trading site that specialised in illegal drugs and goods as well as some more reputable products. It provided browsers with anonymity and made its money using bitcoins when alleged site founder Ross Ulbricht was arrested his estimated fortune was so inconceivable that it’s believed that well over half remains unaccounted for. As a side note the name of Ulbricht alter-ego Dread Pirate Roberts was lifted from the movie “The Princess Bride” go figure! before we unveil our top pick here are a few honourable mentions(see captions).

Number one. Bitcoin beginnings, Satoshi Nakamoto is the person or persons behind Bitcoin launching the software in 2009 Nakamoto past majority control on to scientist Gavin Andersen in late 2010. And for this reasons his comments capture Bitcoin perfectly when he says “it’s like better Gold than Gold” Nakamoto’s believed to be in possession of 1 million bitcoins equivalent to a billion u.s.dollars but his name is probably a pseudonym the real identity of Satoshi Nakamoto is unknown it’s been suggested that electronics companies Samsung Toshiba Nakamichi and Motorola are the founders but there’s been no confirmation it’s a mystery for the modern world.

 

At PC Hospital, we help you solve IT problems.

PC Hospital the same day service company!

Keeping your computer(s) in tip top shape at the workplace or at home is essential. The computer has simply become an integral part of every household and modern business. This is simply because computers have completely revolutionised how we conduct business and relate with each other. Whether you need your PC to carry out important official tasks, communicate urgent messages to colleagues/clientele or to enjoy your favourite computer game, you need to have the machine operating at optimal levels at all times. This can only be made possible if you have a highly skilled IT consultant readily available to handle any glitches at all times.

PC hospital has been providing high quality and cost effective IT consultancy services in the UK for almost three decades now. Over the years, we have built partnerships and developed our expertise with a broad range of software and hardware vendors including leading brands such as Microsoft, Dell, Apple, HP, Compaq amongst others. Here at PC hospital, we are acutely aware that ICT is crucial to your business operations and that’s why part of our core strategy is offering timely solutions to ICT problems that may pose a serious risk to your firm’s operations.

In line with our policy of providing an all under one roof IT services, we offer these and other services;

PC and laptop repair services. Whether your computer has malfunctioned or you wish to have it upgraded, consult our technicians for a tailor made solution. Our team will also solve any issues you have with accessories such as printers, scanners and any other accompanying equipment.

Networking solutions.

Network is essential for both internal and external communication. Internet connectivity can be interrupted due to problems with the service provider or due to malfunctioning equipment internally. At PC hospital our network experts are always on hand to troubleshoot and rapidly restore networks.

Lost data recovery. The bulk of important organizational data is stored within our computer systems. A system crash can therefore have devastating effects on normal business operations. Should you lose access to crucial data at the workplace, do not hesitate to contact us. We will quickly dispatch our team of data recovery experts to get you back on your feet in no time.

Internet services. Our services now include a broad range of web based business solutions. If you’re looking for an IT consultant to help you tap into the numerous advantages of having a strong web presence, look no further than PC hospital. From web design to content development and even internet marketing, we have you covered.

PC and data security. Through our Bullguard antivirus software, we help protect your information systems from malware that may cause costly damage to your business. Free downloads are available as well as optional support from our technical team.

At PC hospital UK, We pride ourselves as an IT consultant with a difference. We realize how much downtimes can adversely affect your operations and bottom line. Our highly trained personnel are therefore on hand to quickly respond to any problems within the shortest time possible. Simply call us and our technicians will be on hand to promptly resolve your problem.

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Logo Design for the masses, even an inexperienced Londoner!

Logo design in 15 minutes!

The number of free online sites offering Photoshop styled drag and drop design is quite frankly staggering. Which is great news if you need a logo or info-graphic on a tight budget. Long gone are the days when you needed to have deep pockets just to whip up a quick graphic or two. The business model for these sites is truly amazing, the snowball of traffic that the bigger names receive is the envy of every webmaster. Imagine giving away the bulk of your products and services and only charging for the “extras”. The Free traffic is so overwhelmingly massive that it can sustain the running the costs of these huge and resource hungry websites. As well as deliver the expected  healthy  margin of a digitally delivered online service, with no ad revenue!

Canva generated logo creation

Today I needed a logo for encouraging Iota cryptocurrency holders to buy services with the digital currency. Getting a bitcoin logo was quite easy, by Iota is still quite young, only coming to the market in 2017 and therefore didn’t seem to be much free to use icons available. So I had 15 minutes to spare and thought I would knock something together at canva.com. They have a wide range of  templates, so it was very easy to drill down to a suitable template and pull in the images I needed for a payment icon. The drag and drop makes the whole process a doddle and if you really do need to acquire images that are a bit special they will cost you pennies and are offered to the left of the palate. So just to recap.

Step 1. Watch video on loge design principles

Step 2 Head over to canva.com

Step 3 Choose a template that best matches your target graphic

Step 4 Re arrange and structure your design on the canvas

Step 5 Download your creation

Below is my simple creation which will be also offered on a free to use licence and hopefully be spread across many sites across the internet. Sometimes, you may need something very unique put together by a pro who spends hours on every curve and every pixel has a meaning. Obsession does not come close to describing the intensity of there art. If you’re in need of one of those Graphic designers then drop your details on the contact us page and we will put you in touch.

The Case for Iota, the cryptocurrency to power the third industrial revolution

I  recently  bought Iota crytocurrency because it was very clear that if we had to have a digital currency it’s properties had a greater advantage over the blockchain variations that will have serious issues scaling in the modern world. Investing  in cryptocurrency is risky but those who took that risk with web giants Amazon, Microsoft , Google, Facebook, Ebay have done very well for themselves. They key is to do the research initially and to keep doing the research to make sure the company your investing is achieving the goals as laid out in the published road map. Iota receives a lot of FUD from it’s blockchain cousins, who seemingly want to get rid of there FREE from fees baby cousin before it matures to  it’s full potential.  After watching this video in which Jeremy  Rifkin (Economist) lays out a road map to usher in a new economic system. It covers, climate change , declining productivity, IOTA devices and  there savings. Retro fitting  old infrastructure with IOT monitors and renewable energy technology to increase productivity globally.

For me it’s a confirmation that Iota has all the benefits to be the financial backbone for the smart devices for the new emerging economic models described in the speech by Jeremy Rifkin. He makes a great point that  currently 62 individuals who have amassed a net worth equal to 3.5 BILLION people. Which is half the worlds population to highlight the imbalance of the current system.  The only thing  about the video which I find annoying, as is seems to be holding on to theory of evolution. For a man that is so knowledgeable in the sciences, how is it he is completely unaware of the blueprint code in every cell called DNA. Any programmer on the planet would be to explain that complex code can not be brought about by chance or natural selection. A code with built in error checking does not come about by chance, 1 single plant cell has code more complex  then any spacecraft man has ever built, are we to believe  that NASA Orion Space merely evolved!! Aside from that it’s very good insight into where were heading in the third industrial revolution!

 

 

 

Windows 10 Troubleshooting

Windows 10 Troubleshooting, it’s all covered here.

So, it looks like you were unable to resist the glossy ultra polished TV Ad’s with the adorable progeny of the current generation being used to coax you into a false sense of security and the assumption that this Microsoft Windows upgrade will go smoothly without mishap. Well not to worry we’ll do our best to highlight the worst bugs in Microsoft windows 10 and the troubleshooting steps you will need to take. You may have to adapt out the instruction a little as every system differs slightly but if we point you in the right direction you should be ok.

Shiny New Windows 10 operating system

.”How to fix Windows 10’s worst problems – BetaNews

http://betanews.com Wed, 12 Aug 2015 10:47:22 -0700

Microsoft is rolling out cumulative updates for its operating system on what appears to be a weekly basis at the moment. These updates fix some problems, but not all. In some cases, they even cause more trouble, and …

Read more …

You should also deep dive into this equally post which we found also to be helpful.

5 common problems people are having with Windows 10

http://bgr.com Thu, 30 Jul 2015 12:41:00 -0700

If you do update to Windows 10 in these early days — here’s how to skip the queue and install Windows 10 right now — these are some of the common problems you may encounter. Of course, we’ve also included some notes …

Read more …

Windows 10 troubleshooting tips

On the whole, for most people with newer computer hardware the upgrade delivered from the internet has been a success. As time goes on and the lessons are learned through Windows 10 inbuilt error reporting process,  the next brave wave of upgrade pioneers will have an easier time of it.

Now that you have read the most problematic problems with windows 10 I am sure you have the confidence to take on the world. If you don’t, you can always contact us and we will be very happy to step in and sort those nagging issues with the windows 10 upgrade for you. Troubleshooting the next batch of internet woes is something we could do all day, a puzzle a day keeps the grey matter ticking over!