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Friday, January 17, 2014

BitCoin

Ok. i am out here on the bleeding edge of technology.

I have begun delving into Bitcoin. I opened a Bitcoin wallet account at CoinBase.com. It takes a couple of days to verify the connection to my bank account. So I haven't bought any Bitcoins yet.

The Current price is $787 each. So I will only buy 1 for now. These are easily convertible back into dollars. I don't know yet how purchasing is done. There must be a way to pay for items using fractions of a bitcoin.

I will keep posting on my experience.