What is Bitcoin?
The most common question so far. When people hear about Bitcoin they
ask: "What exactly is it?" We are going to explain it here, starting with the
basics and working all the way up to the super advanced stuff. We are also
going to provide plenty of links to useful resources where you can find more
So What Exactly is Bitcoin?
From Wikipedia: "Bitcoin is a digital currency created in 2009 by Satoshi
Nakamoto. The name also refers to the open source software he designed
that uses it, and the peer-to-peer network that it forms. Unlike most
currencies, Bitcoin has no central authority or issuer. Bitcoin uses a
distributed database spread across nodes of a peer-to-peer network to journal
transactions, and uses digital signatures and proof-of-work to provide basic
security functions, such as ensuring that bitcoins can only be spent by the
person who owns them, and never more than once.
Bitcoins can be saved on a personal computer in the form of a wallet file or
kept with a third party wallet service, and in either case Bitcoins can be sent
over the Internet to anyone with a Bitcoin address. Bitcoin's peer-to-peer
topology and lack of central administration make it infeasible for any
authority, governmental or otherwise, to manipulate the quantity of Bitcoins
in circulation or induce inflation by producing more of them."
How Can I Get Bitcoins?
These are three common ways to get bitcoins:
• Buy them on exchanges such as Bitcoin7
• Accept Bitcoins as payment for goods or services.
• Create a new "block" (currently yields 50 Bitcoins) by mining.
I Want to Know Everything About Bitcoins!
Here are some useful resources to learn everything about Bitcoins
- The official site about Bitcoins
- Great for beginners
As most of you all know, Bitcoins are valued at a peer to peer network, the
simple concept of supply and demand. If there are more people looking to
buy BTC (Bitcoin) than the value increases, if there are more people looking
to sell BTC, the value decreases.
So, as the concept gets more exposure does the value of Bitcoins increase?
For the majority of people that are new to Bitcoin, often feel uneducated or
unsure which leaves them in a tough situation on how to approach the
Exposure is what increases the value of Bitcoins. Simply create a systematic
way for people to spread the word through social media, with social
networking sites such as Facebook and Twitter; it’s easy for a concept such
as Bitcoin to go viral, but how exactly?
Incentives, especially if there is money involved and money to be made. All
you have to do is set up a system which involves a simple but effective way
on “How to Make Money with Bitcoin”, with the concept which already so
fascinating as a revolutionary currency; a simple method on how to generate
Bitcoin and how to make money with Bitcoin amplifies the effect of
potential within the concept.
Here’s where the method comes in. Basically all you have to do, is register
for Bitcoin exchange websites which offer a referral system, such as:
1) Bitcoin7 which offer a great referral percentage of 20%. With this
referral system, you can generate a massive amount of Bitcoin just based
on your referrals, which not only accumulates into massive amounts of
Bitcoin for you, but it also increases the value of Bitcoin making each
Bitcoin they generate for you, worth more money.
Here are real life screenshots of the viral activity that this concept brings
which continues to grow, multiply and accumulate.
The list goes on and on, as you can notice by the dates and times the activity
is recent and continues to go viral. Hrmm... but how many Bitcoins have I
generated based on my referrals?
Now these screenshots were taken within 48 hours after the official launch
of BitcoinBoom.org (June 15, 2011), as you can see I’ve already managed to
generate 30 Bitcoins just based on referrals, and which continues to grow
rapidly. The value of these Bitcoins increase as more people take interest in
the concept as well as the amount of Bitcoins in your account.
With this viral method you can expect to create an auto-pilot income to
generate Bitcoins, but not only that, increase the value of Bitcoins as well as
expand the community, this is beneficial for both you and the Bitcoin
1) Get a hosting plan at HostGator.com which is cheap, which also offers
an affiliate system which can generate money based on your referrals.
HostGator offers an amazing payout rate also they are a very trusted
company and there payment time is highly reliable, highly recommended.
Most Valuable 25% Coupon: BITCOINBOOM
Here is an image of their payout rates:
Basically each referral sign up, generates you money. This is absolutely
amazing for this viral method. Not only will you be making tons of Bitcoins,
you will be making great earnings with HostGator’s affiliate program.
Here are my earnings so far (HostGator):
2) Register a domain, I recommend using Namecheap.com, they offer
cheapest domain names with free Whois protection, also another
affiliate program, Namecheap.com
(June Namecheap Coupon: JUNEBURST)
You can see a list of available domains at http://BustAName.Com
, with their
quick domain check feature; you can instantly check which domains are not
3) Transfer your newly registered domain to your HostGator account,
located in your HostGator Cpanel, by simply changing the DNS from
your Namecheap domain.
Access your HostGator Cpanel, on the bottom left side you should see
something that looks like this:
Copy and paste the name servers, into your Namecheap DNS:
Your domain should be now registered, now find the Addon Domain button
in your HostGator Cpanel:
Add your domain:
I recommend installing Wordpress, its very beginner friendly, very easy to
set up, highly reliable, stable and overall, amazing:
Click QuickInstall Wordpress in your HostGator Panel, it should bring you
It should send you your username/password to your email address, and then
go to YourDomainName.com/wp-admin and login:
After you’ve successfully installed Wordpress, you need to change a few
things; I recommend you change your password first.
On the left side you should be able to find a tab labelled “Users”, here is
where you can change your WP password, make sure you have the right
email just in case you forget, you can always request to reset your password.
1) Set up a theme, go to Google and search up Wordpress themes, the
theme on http://BitCoinBoom.Org
is Twenty Ten.
2) Create a page or website, an example would behttp://BitCoinBoom.Org
3) Create a report or, add your Bitcoin7 & HostGator or other affiliate
links to the document.
4) Then convert it into a PDF format. Here are 2 free online PDF
5) Upload the PDF document or report into your Wordpress through the
media tab, “Add New”.
6) Add a Pay with a Tweet or Facebook button, similar to what’s onhttp://BitCoinBoom.Org
7) Fill in the instructions on http://Estago.Com
, create a button. Make
sure you fill in the download URL to the upload URL in the media
Add the button on your home page of your website on Wordpress.
Simply pay with a tweet or Facebook to download your product
(eBook, PDF, Report).
After your site is complete, all you have to do is a little promotion. Simply
advertise your website on Forums, YouTube, Facebook, Twitter etc & watch
your site go viral!
Help expand the Bitcoin economy! This is a great opportunity, act now!
For more information on Bitcoin visit:http://Forum.Bitcoin.org
All BTC donations are appreciated:
Join the revolution! Like us on Facebook & Follow Us on Twitter
1) Website: http://Http://BitcoinBoom.org
2) Skype: BitcoinBoom
3) Email: BitcoinBoom@hotmail.com
© BitcoinBoom 2011. All rights reserved.
Links to Bitcoin7.com with referral code.
I think this might be marketting for them.