Video – The Parallels Between Traditional Wampum and Bitcoin

In this video I want to talk a little about a cryptocurrency I discovered a little while ago called Wampum or Wampumcoin

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 This video continues my series of videos on Bitcoin and Cryptocurrency Basics Explained for Non-Technical People

 I think that in many ways, Wampum (in particular, Wampum belts) used traditionally in Native American cultures has many parallels to Bitcoin and cryptocurrency, including specifically to the blockchain technology that is the core of crypto.

Indulge me for a moment while I wax enthusiastic about the idea of Wampum as a cryptocurrency; why I’m personally enthusiastic about it – not just because of my Native American ancestry, but also for the parallels I see between ancient Wampum belts and modern technology.

You can find out more about Wampumcoin on the official website: wampumcoin.com, and you can read more about traditional Wampum belts including the Hiawatha Belt I featured in the video in this Wikipedia article.

If you’re interested in Wampumcoin, someone is selling a lot of it for almost nothing at the moment here on Comkort – note: I do have a small amount of the currency for sale on the exchange, but none of the really cheap stuff is mine since I don’t like “dumping” coins.

I will likely be doing some kind of Wampumcoin giveaway in the future. I’ll post about it here if or when I do.

What is Bitcoin & Altcoin Mining Explained in Non-Technical Terms

 In this lesson I want to explain the poorly understood concept of mining. This explanation is for non-technical people:

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 This video continues my series of videos on Bitcoin and Cryptocurrency Basics Explained for Non-Technical People – make sure to watch the other videos if you missed them!

With traditional currencies and payment systems there is a network needed for the system to work.  Decades ago this was a physical network of human tellers handling cash and checks sent through the postal system or carried from one location to another.  Over time, this gradually migrated to a digital computer network used today by banks and payment companies such as Visa, Mastercard, Paypal, and Western Union.

The computer networks in traditional payment systems are owned and maintained by those companies, and the way they fund these networks is by not allowing us to use them to send, receive, or hold onto money without them getting a pretty substantial cut of every transaction.  Since they control the network they also are the ones who maintain their centralized ledger system. This allows them to do things such as manipulate the order of deposits to your account to charge you a fee and further increase their profits.

Mining exists to create a network of computers to allow people to send, receive, and hold onto funds without a centralized, profit-driven company owning it.

Miners are people who volunteer to run special software on either computers or specialized computing devices. The miners are giving everyone the use of their computing power and electricity to power this decentralized network and in the process allow for people to make transactions with a public ledger system that is extremely difficult or impossible for anyone to manipulate to their advantage.

As a reward and encouragement for people to volunteer their computing power, miners are paid for each “block” (set of transactions) they validate and enter into the public ledger system known as the blockchain.

With this, we have a system that allows the people to own and use their currency and not have to ask anyone’s permission. If you want to help out and contribute to powering the network, you get a financial reward of Bitcoin, Dogecoin, or whatever currency you’re mining.

 

What is a Bitcoin & Altcoin Wallet Explained in Non-Technical Language

 In this lesson I want to explain the concept of a wallet and a wallet application which is used with Bitcoin and other cryptocurrencies to send, receive, and hold onto funds. We also take a look at an example of a wallet program. This explanation is for non-technical people:

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 This video follows up from my previous lesson that gave a non-technical introduction to Bitcoin and how it’s more than most people think it is, so make sure to watch that lesson if you missed it.

 A wallet “stores” your money and is sort of a cross between a traditional (physical) wallet and a bank account. In reality, the wallet holds something called a private key which “unlocks” your access to the funds that are actually stored on the blockchain, which is the public ledger system used by Bitcoin and other cryptocurrencies.

This video is to introduce you to the concepts involved to help you better understand cryptocurrency  — I will be going into more specific step-by-step instructions in future videos.

Please let me know what you think and ask me any questions you have using the comment form below.

Share the video with friends and family on Twitter, Facebook, or other social networks, or by email, using the share buttons above and below this post.  Everyone needs to understand and begin using cryptocurrency (which includes Bitcoin but is not limited to it by any means).

The sooner you get into this important new technology, the better off you will be in the future, which is why I’m sharing this video!

Prypto Cryptocurrency Scratch Card How-To Video

I wanted to post a video I recorded recently that introduces an extremely cool cryptocurrency product — crypto scratch cards by a company called Prypto.

The way they work is you buy a high-quality physical card with a visible code and a hidden code underneath a scratch panel like you find on a lottery ticket or many gift cards.  The card can be redeemed for the amount of cryptocurrency pictured on the front, including varying amounts of bitcoin, litecoin, dogecoin, and more.

I think these scratchcards are a great way to get cryptocurrency — in fact, I was so impressed I became one of the first US-based resellers and plan to start carrying them on my site in the near future!

Here’s what one looks like.  Watch the video above to see how they work.

 Dogecoin Prypto scratch card

Aloha Bitcoin

My Cryptocurrency Consulting Project Here in Hawaii

I just wanted to make a quick post here to announce a project I’ve been working towards since last year. It’s mainly of interest to people here in Hawaii, but I figured I’d post briefly and link to the introductory article on the project’s new site — AlohaBitcoin.

Things are still in development, but I will be offering Bitcoin and cryptocurrency consulting and technical services to individuals and businesses here in Hawaii.

Feel free to click the link and read more if you’re interested.

I’ll be posting more specifics there once the project is further along, and will no doubt post a link to it from here.

Video: What is Bitcoin? (It’s More Than You Think)

This video is the first of a series and will help you understand Bitcoin better in non-technical terms.

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More and more people want to know what Bitcoin is – Is it a currency? A payment system?

The answer is yes to both, but that’s not the whole story – those are just part of a bigger picture.

This first video should answer some of your questions but may leave you with new ones — let me know what you most want to understand about Bitcoin and I’ll answer a selection of them in future lessons.

In a few days I’ll be releasing a couple of new videos that will share a fun way to help you get started with cryptocurrency (like Bitcoin).

mooncoin-rt

Get 500 Free Mooncoin – RT & Reply w Wallet Address @PlainTech

How to get 500 Mooncoin + Chance to Win 25,000…

I’ve decided to do another cryptocurrency giveaway like the one I did recently where I gave away Dogecoin – this time I’ll be giving away free Mooncoin to anyone who retweets my post about this on Twitter, or who uses the social share buttons above. 

Scroll down down for instructions…

 Retweet to get Mooncoin

 Mooncoin is a brand new currency that was announced December 28th, which I’ve been mining as part of my experiments with the new and exciting field of “cryptocurrency” like Bitcoin.  While Bitcoin is the best known, there is a rapidly growing number of new currencies. 

Many of these currencies will be flash-in-the-pan, but many more will go on to become long-lasting currencies and payment options for years to come. 

A lot of people think that Bitcoin or some single currency will be the only one left after the dust settles, but I think in the future people will look back on that idea as just as unrealistic as the idea that there would only be one website on the Internet.

What I predict is two or three really big currencies (probably Bitcoin and a couple of others) but then many more which all can be freely exchanged from one to the other in a global economy bigger than anything we’ve seen yet. 

If this seems unlikely, remember that there are already many traditional currencies that coexist today, and always have been.  Since Bitcoin, Mooncoin & others are also payment systems, you should also remember there are already many coexisting payment systems today including cash, Visa, Mastercard, American Express, Western Union, checks and wire transfers, etc.  So the same idea will hold true in the future.

So I don’t know if Mooncoin will go “to the moon!” yet, but I’m going to have some fun with it and I hope you join in. 

Just retweet any of my posts on Twitter that have the image you see above and link to this post (or use the share buttons on this to share on Twitter, Facebook, etc.) and let me know what your Mooncoin address is and I’ll send you 500 Moon.

 You can find the Mooncoin wallet software you’ll need at the official Mooncoin wallet download page.  Under the receive coins tab you can get your address to send me. 

In a week I will have a random drawing and one person who joined in will be send 500 Mooncoin!  I’ll update this post when we know the winner.

Thanks for playing!

We-Love-Bitcoin-128px

Use Bitcoin to Order Computer & Technology Courses

 Been meaning to post this for a while now — figured I’d do so before the official end of 2013:

Bitcoin accepted here - click for courses

I’ve been a big fan of Bitcoin since I first heard about it a few years ago, and have been very excited to watch its growth in 2013.

To put my money where my mouth is, I decided it was overdue for me to start accepting Bitcoin as a payment method on my site.

I actually set this up a few weeks ago but somehow never got around to announcing it. :)

Anyway, for a limited time I am not only accepting bitcoin as payment for my computer courses, but anyone who pays in bitcoin will automatically save 10% off their purchase!

You can still use credit card or bank cards when ordering, but on the checkout you’ll see Bitcoin as an option too. If you select that, you will pay current equivalent price in bitcoin — minus 10%!  This additional discount even applies for products already on sale or even if you’re using a coupon code already. 

I’m doing this because I want to help promote the use of bitcoin as a payment method and currency. 

I’ll be making another announcement sometime in the next few days about a new project I’ve been working on that relates to Bitcoin and other cryptocurrencies.  I’ll be announcing it here as well as on my newsletter and on my Twitter account, so keep an eye out.

In the mean time, Happy New Year!

wow dogecoin retweet!

Get 25 Free Dogecoin – RT & Reply w Wallet Address @PlainTech

I’ve been really following the cryptocurrency scene recently with Bitcoin, Litecoin, and the other altcoins and I just had to post this for fun.

Scroll down…

dogecoin-twitter-rt-for-coin

The “Dogecoin” (pronounced “dog coin”) is a funny combination of the Doge Meme  with Bitcoin, and has taken off in popularity, especially over the last few days.

So to have a little fun I decided to give away some Dogecoins (I happen to have a few at the moment), as well as have a little contest.  I also am including a limited number of special coupon codes you can use on this site to save 10% off any of my courses.

All you have to do is retweet my Dogecoin tweet or use the share buttons on this post to share a link to this page, then send me your Dogecoin wallet address and I’ll send you 25 dogecoin.  You can also use the comment form below.

Everyone who retweets or shares the link will also be given the chance to win 500 dogecoins!  I will have a random drawing and pick one person and send them an additional 500 coins (a total of 525 dogecoins). Limit one chance per person.

Update: The winner of the drawing was Twitter user @Pantupino

 

Site coupon code: DOGECOIN

(Coupon limited to next 25 people. Not to be combined with other coupons, but will work with items that are already on sale)

 Use to get 10% off any of my computer & technology courses

You can get the Dogecoin app for both Windows and Mac for free by clicking here if you don’t have a wallet yet.

Forgot Your Password & Locked Out of Your Computer – Tech Answers

In this latest tech question and answer audio lesson I take a question from a long-time student named Ian, about getting back into a laptop when you’ve forgotten the password:

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Hi Worth;

Once again I need to ask your advice on a matter which is causing me some great deal of heartache. My grand-daughter is now 17 years old, and for her birthday I bought her a Hewlett Packard Laptop.

She set it up and things went well; then she found out that her younger sister and indeed her mother were also using her computer. So in a fit of pique she changed the password — in a hurry and without making a note of the new one…

Well, I suppose you have guessed. She cannot now remember the word – which included numbers and caps – she used; now she cannot access the computer, despite all her best efforts to remember what the new password was.

I have made enquiries of certain people here locally; but have received little help or advice – it appears to me that they just do not want to know, or alternatively that there is no way the computer can now be accessed and they do now want to tell me so.

Worth; is there any way that we can get into the thing to free the password, and enable her to use the computer again ?  I do believe that if anyone can advise me on this — you can.  Please help!

Yours most sincerely
Ian Forsyth,
Braintree, England

 

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Here are some links to additional information provided by Apple and Microsoft:

Microsoft.com – How to Reset Your Password on Windows 7

Microsoft.com – How to Reset Your Password on Windows 8

Apple Support – How to Reset Your Password in OS X