From 8af324e72607aee8af6a179f7c117ee605ee9313 Mon Sep 17 00:00:00 2001 From: Adam Soltys Date: Tue, 27 Nov 2012 20:28:05 -0800 Subject: Content --- views/about.html | 104 ++++++++++++++++++++++++++----------------------------- 1 file changed, 50 insertions(+), 54 deletions(-) (limited to 'views/about.html') diff --git a/views/about.html b/views/about.html index d5665018..17492ada 100644 --- a/views/about.html +++ b/views/about.html @@ -17,8 +17,9 @@ Login

@@ -33,31 +34,32 @@

What are bitcoins?

Bitcoins are units of digital currency that can be - transferred over the Internet. They get stored at a - unique address which is like an online wallet or + transferred over the Internet. + They get sent to and stored at a bitcoin address which is like a digital bank account that you can access with a - password. Registering a new address is free and - is as easy as signing up for an email account -- try it. + password. Registering and using a new address is as free and + easy as email... try it!

Transactions between bitcoin addresses are - recorded in a public record that's published on - the Internet and keeps track of what amounts are - stored at every address. Fifty new bitcoins are - generated by a mathematical algorithm every ten - minutes and are distributed to people who + recorded in a public record that's published on + the Internet. It keeps track of what amounts are + stored at what addresses. +

+ + Every 10 minutes, 50 new bitcoins are + generated by a mathematical algorithm and distributed to people who contribute computing power to the network. The - software to participate in the network is free so - anyone can run it. + software to participate in the network is free and open source so anyone can run it on their computer.

Over time, fewer and fewer bitcoins will be created until there are a total of - 21 million of them by the year 2040. Each bitcoin + 21 million of them in circulation by the year 2040. Each bitcoin is divisible up to 8 decimal places, making - it possible to transact tiny amounts. + it possible to transact very small amounts.

@@ -78,7 +80,7 @@

You can use bitcoins to securely store and backup your savings and gain access to them - from anywhere that has Internet. Bitcoins tend to + from anywhere that has Internet. They tend to appreciate in value over time because of their limited supply so they make a good investment. Unlike dollars and other national currencies, no @@ -87,7 +89,7 @@

- They enable you to send free, + Bitcoins enable you to send free, immediate payments to your friends and family from a phone or laptop so you can pay a co-worker back for coffee, transfer wages to family overseas, @@ -100,31 +102,23 @@

-

What can I buy with them?

+

Where can I get some?

- This article has some good suggestions. - The number of companies accepting bitcoins - is growing quickly but in our opinion their immediate utility is - for personal value transfer rather than for - commerce. If it helps, think of them as a competitor to the likes - of PayPal and Western Union rather than VISA and Mastercard, - although they're eventually going to be competitive in - the retail payment industry as well. + Contact one of our trusted in-person exchangers.

-

- We're working to get more stores accepting them in - Vancouver because we believe it'll be in - their best interest to avoid the transaction fees - charged by the credit card companies. Transaction - fees end up getting built into the prices we pay for - goods and services across the board so we're - indirectly subsidizing the big banks and credit card - companies whether we use their services - or not. + There are also several bitcoin markets operating online. The largest one in Canada + is cavirtex.com and is run out of Calgary. They link up buyers and sellers and facilitate trades by + allowing you to deposit and withdraw Canadian dollars directly from your bank account. A list of other + online exchanges and their rates can be found at bitcoincharts.com. +

+ +

+ You can also use sites like Local Bitcoins, Bitcoinary, and Bitcoin OTC to find people to trade with directly if you want to take your chances with strangers. +

- +

How is their price set?

@@ -140,40 +134,42 @@

Bitcoins aren't backed by any underlying commodity or insured by any authority. They - have an intrinsic value as a superior - form of currency due to their mathematically + have value as a form of currency due to their mathematically guaranteed scarcity, security, ease of use, distributed nature, lack of fees, divisibility, and global recognition.

- We offer to pay cash to local - merchants in exchange for bitcoins they receive - as payment. We also offer to sell bitcoins for cash - in person at various locations. We peg our rates - to cavirtex.com and don't take any commission. + We peg our rates + to cavirtex.com.

-

Where can I get some?

+

What can I buy with them?

- Contact one of our trusted in-person exchangers. - There are also several bitcoin markets operating online. The largest one in Canada - is cavirtex.com and is run out of Calgary. They link up buyers and sellers and facilitate trades by - allowing you to deposit and withdraw Canadian dollars directly from your bank account. A list of other - online exchanges and their rates can be found at bitcoincharts.com -

+ You can spend them locally at one of our participating merchants or check out + this article for some other good suggestions. + The number of companies accepting bitcoins + is growing quickly. We're working to get more stores accepting them in + Vancouver because we believe it'll be in + their best interest to avoid the transaction fees + charged by the credit card companies. Transaction + fees end up getting built into the prices we pay for + goods and services across the board so we're + indirectly subsidizing the big banks and credit card + companies whether we use their services + or not. +

+

Where can I learn more?

- Come to our monthly meetup group or contact us directly. I'm a local software - developer who's made a bitcoin payment app that's running in stores around town. I'd be happy to - send you some bitcoins and teach you more about them. + Come to our monthly meetup group or contact one of us directly.

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