Unlock Micloud XIaomi Redmi Note 4 4x All Mi Redmi Santoni

Unlock Micloud XIaomi Redmi Note 4 4x All Mi Redmi Santoni

Hello buddies back again with the same tutorial about unlock mi account or micloud xiaomi redmi 4x. Device xiaomi which has code name santoni is now become very popular because the design is simple and elegant, available in 3 variant colors that is Black, Gold White, and Rose White. the price is also quite affordable and very comparable with the specifications. 

For Ram 2Gb with internal 16 gb set price of about 1.5 for distributor’s warranty, while for ram 3Gb with internal 32Gb already available Official warranty version, for official warranty erafone offered at 2.2jt price while for distributor warranty only in bandrol price around 1.7jt only.

which becomes a subscription of user problems is when downloading the theme then there will be a command to create mi account first, well here usually the user carelessly when using an email account or mobile phone number to register and careless as well to make his password, so that when the phone is not deliberately dites or bootloop so it must do flashing software and forget its mi account password then the phone will be locked automatically, will show the command to enter the mi account password terlogin on device.

What if we forget his password? do not panic first, we try to recover his password via email or phone number located on the mobile phone to recovery password access to i.mi.com and select “forgot password”, which will be linkage and confirmation code will depend on the notification account used either via email or mobile phone number. then we have to unlock through the patch file using MIFLASHTOOL as we flashing the rom. For flashing it is mandatory through the download mode (edl mode), either the device is already in terunlock bootloadernya condition and still terlock bootloader 
While if you enter the download mode can not use normal way, it can use dfc cable or test point by unpacking the rear casing and connect
two point test point it to go into download mode to do flashing. 

For that step-step unlock it and bahanya better use that already in tutorial and provided here. 
The materials used can be downloaded here:

MIFLASHTOOL: DOWNLOAD
FILE UNLOCK MICLOUD REDMI 4x: DOWNLOAD

PASSWORD FILE: DOWNLOAD
QUALCOMM DRIVER QDLOADER: DOWNLOAD
QUALCOM DRIVER 32BIT / 64BIT: DOWNLOAD
MI PC SUITE: DOWNLOAD
QPST ( DOWNLOAD ): DOWNLOAD

How To Buy Bitcoins For The First Time, Step By Step- for Noobs

How To Buy Bitcoins For The First Time, Step By Step- for Noobs

There are more and more notes explaining what is Bitcoin and what is the potential of this coin, but few sources give you a step by step tutorial to buy for the first time. (and much less from Argentina) is why I decided to make this blog post “for dummies” like me.
Disclosure: I am NOT an expert in Bitcoins… I simply compiled the step by step I did to have my first bitcoins…
Blockchain, Money, Chain, Block

Now if … these are the steps to follow to buy your first Bitcoins:

1- Open an account in an Exchange
2- Anchor the account
3- Buy Bitcoins
4- Pass your Bitcoins to a Wallet
1- Open an account in an Exchange
The first thing we have to do to buy your Bitcoins is to choose an Exchange. There are many types of Exchanges such as Bitstamp / Satoshitango / Bitex.la / Poloniex among others … Without getting into a retailer and comparing each one (they differ in commission costs, types of cryptocurrencies that can be purchased, currency quote, credibility or support, etc) the biggest difference or the most important reason why you would choose one or the other, will depend on the answer to: Where do you have the money with which you are going to buy your Bitcoins?
If your money is in Dollars or Euros in a bank account outside of Argentina, I would recommend Option A: Bitstamp.
If your money is in Pesos Argentinos in a bank account (or even if you keep it in cash, under the mattress), I would recommend Option B: Satoshitango.
(If your money is in USD, in Argentina… Satoshitango is still your best option, but I’m sorry to tell you that it’s the worst combination)…
Once you have chosen an exchange, you have to register and complete the information requested to enable the account.
To create an account in any of the two exchanges, they will ask you to send:
A photo of your Passport or ID
Any tax/service to your name with less than 3 months old to corroborate your address,
and in some cases an extract from your bank account.
IMPORTANT TIP: Both in Bitstamp and in SatoshiTango it is normal to reject the application the first time you apply, and immediately after, they ask you for a very simple verification:
“We kindly ask you to provide a high-quality photograph (not scan) of your international passport (double page), taken with a camera/phone, including a handwritten note of when the image was submitted following the example below:” [current date] For Bitstamp Limited Only “
It basically asks you to take a picture of your passport and in the same photo, next to the passport there must be a handwritten paper that says: ” Today’s date + the phrase” For Bitstamp Limited Only ” (for satoshi tango te they ask for something similar, but obviously with another legend). You send the picture, usually, in 48 hours you open your account, and you’re ready to operate!
Times to keep in mind:
The first thing you have to know before opening an account, is that this process can take you between 2 to 10 days approximately (depending on whether they accept your application in the first instance or not). Each time the price of bitcoin is triggered, all who make the decision to buy for the first time and were able to see that the price of Bitcoin continues to rise as the exchange continues the process of opening your account. Therefore I recommend creating the account as soon as possible (it’s free) regardless of whether you’ve made the decision to buy or not. This way when you decide to buy, with an account already open you can do it in minutes and with a couple of clicks.

Read: Top 10 Things About Bitcoin You Should Know

2- Anchor the account:
To buy your first Bitcoins, you can not do it directly from your bank account, you need to first deposit money in your exchange account, and with that money, you can only buy Bitcoins.
Option A, Fund your account with Bitstamp:
Once you have the account enabled, you must go to the ” deposit” section, choose the option “International Bank”, complete the form with your data and in “Amount” you must place the amount you want to deposit.
Once you have completed the form and click on “Deposit” they will show you the details of the account where you must deposit via bank transfer.
In the course of 2 to 5 days, your Bitstamp account will receive the money transferred and you will be ready to buy your Bitcoins! (follow the tutorial in step 3 “Buy Bitcoins”)
TIP Important: The name of the person in charge of the bank account that makes the deposit must match the owner of the Bitstamp account!
Option B, Fund your account with Satoshi Tango
Once you have the account enabled, the first thing you have to do to buy Bitcoins with Argentine Pesos, is to change the currency type of your default account (usually USD) to Pesos Argentinos, from the menu on the top right.

Then, from the “my account” section you have to go to “Upload Funds”. There you enter the amount in ARS that you want to invest, and you choose an option to make the payment. You can choose Bank Transfer via CBU (it is credited in the day) to go to a Rapipago, or Even pay in cash coordinating a place and a schedule, they are responsible for withdrawing the money in Cash… (for now, this option is only available only in Buenos Aires).
If you chose the bank transfer option, you will see the bank details where you must make the transfer, and you will also see the taxes and debts that will charge extra to your capital (approximately 1.22%).
Once you make the transfer from your bank, I went back to Satoshitango and click on “inform transfer”. Generally, in less than an hour, you will already have the money credited to your account.
3- Buy Bitcoins
Once you have money in your exchange account, it’s time to buy the Bitcoins.
Option A: How to buy Bitcoins with Bitstamp?
Click on the “Buy/Sell” section and there I chose the “Buy BTC” option
I chose how much you want to invest, and you will quickly see the calculation of how many bitcoins you can buy, discounting the commission of 0.25%. When you are ready, click on the green button below “Buy BTC”… and ready! The operation could take a few minutes, and you will have your Bitcoins in the Bitstamp account.
Now that you have your bitcoins I recommend that you spend them on a Wallet. (Go straight to step 4 “Pass your bitcoins to a wallet”)
Option B How to buy Bitcoins with Satoshi Tango?
Unlike other exchanges (like Bitstamp) Satoshitango changes your Pesos in Bitcoins, but does not save them, therefore, before buying Bitcoins with Satoshi Tango, you have to have a Wallet to send your money to.
It seems complicated, but it is very simple. To make an analogy, let’s say this example: I am going to buy dollars from a bank (in this example the bank would be an exchange like Bitstamp), I ask to change $ 1,000 pesos to Dollars and the banker says “perfect Mr., his thousand pesos that he had in the current account number xxxxx are now USD62 and are in your savings account number xxxxx ” What happened here was clear, the bank changed my money from ARS to USD but I never saw the physical money, the Bank is still the custodian of this capital . In contrast, the case of Satoshi Tango is like going to a house of exchange where you give the thousand pesos to the cashier and they give you the USD 62 in your hand, but they do not keep them, you have to carry them in “your wallet” .
Before finishing the process, let’s see What is a wallet and how do we obtain one:
4- Pass your Bitcoins to a Wallet
What is a Wallet? How do I transfer bitcoins to a Wallet? Where do I get one? Pros and cons of saving your bitcoins in a Wallet.
Thinking that this may be a long-term investment, it is important to know where I am going to store my bitcoins for the next few years… The most popular options for this purpose are two: an Exchange or a Wallet. Without dwelling on technical explanations of each one, we go to the most important “operative” pros and cons.
An Exchange is a private company, which in addition to allowing us to buy cryptocurrencies, also (some) lets us store our Bitcoins in their “safe” as if they were a bank. In this way, you can access your account from any device connected to the internet, simply by accessing your username and password from any cell phone, tablet, PC, or cyber cafe …
In case your phone is broken or stolen, your Bitcoins will be safe, as a security it is advisable to simply change your password as you would with your Facebook account or your email so that the thief does not log in to your account and you’re ready … you can re-login from another device immediately.
The most dangerous thing about leaving your coins in an Exchange is that your investment depends on this company being alive. If the exchange melts, closes, hacks it, or suffers any eventuality, your coins sink with them, or to make it more Argentine at the end, let’s say that your investment “stays in the corralito”.
A Wallet, on the other hand, is literally a virtual Wallet and makes you your own bank. Once you buy your bitcoins in an exchange, the most advisable thing is to pass it to a wallet, so that they are safe in case the exchange has some kind of problem. With a Wallet, you are the only one who can access this capital, as well as being able to send and receive Bitcoins in a very simple way to any person/entity.
There are many types of Wallets, one of the most popular is Copay, a mobile app for your smartphone.

Read: Bitcoin: What Is It, and Is It Right for Your Business?

Once you have a Wallet, every time you want to receive Bitcoins, you must send the address of your wallet (your address is that long code that is under the QR Code), the exchange or the person who wants to pay and ready.
To finish the process of buying Bitcoins in Satoshi tango:
Enter in SatoshiTango, to the section “Buy Bitcoins” and in the first step stick the address of your wallet.
Click on Next, choose the number of bitcoins you want to share, and click Next. In the third step, confirm the operation and you’re done. in a few minutes, you will receive your bitcoins in your Copay Wallet!
IMPORTANT, Do not forget to save your Backup Phrase: Having your Bitcoins in a Wallet is like having literally the money in your wallet (in this case your cell phone), that means that if your cell phone is stolen, it is broken, or you lose it, your bitcoins will go with it… there is no account in the cloud that you can access from another device connected to the internet to recover them, they are ONLY IN YOUR PHONE. Nor is everything as dangerous as it seems! There is a simple solution for this and it is the ” Backup Phrase”. Each Wallet has a phrase of 12 words with which you can restore your bitcoins and pass them from one device to another without any problem. You only have to write those 12 words and keep them somewhere safe (under the mattress, or a safe, for example).
Ready…. you already have your Bitcoins that possibly will become your retirement… In the doubts, for now, get to work really.
Support my work and read more of blogs on various topics.
Comments, suggestions, corrections, shares, all are welcome.

What To Do If Your Xiaomi Crashes With An Mi Account?

What To Do If Your Xiaomi Crashes With An Mi Account?

One of the features of MIUI, the personalization layer of the Xiaomi mobile brand that runs on Android, is that it asks you to register an account. The MI account is personal and non-transferable and is one of the most important security elements in your Xiaomi smartphone since no one can unlock it except you, not even a mobile repair service. 


That is why once you create this account it is essential that you memorize the password or have it written down somewhere, since you may have a problem if you lose it. However, many users have found the unpleasant surprise that after accepting a recent update via OTA to have the latest version of MIUI, v8, they have found that the phone asked them for the password of their MI account. When I entered it, I told them that it was incorrect, with which the smartphone remained blocked. 

While MIUI is a very stable system with a large team of developers behind, sometimes when they launch automatic updates, small failures or bugs that generate problems in the mobile. That is why it is advisable not to update immediately, but to wait a reasonable time so that the company can solve those possible problems that present the updates at the beginning. 

If your Xiaomi phone has been blocked with an IM account, giving you an error when trying to enter the password, here is what you should do: 

Write 4 zeros (0000) in the place where you ask for the key. Then it will tell you that the password is incorrect but you must do it repeatedly. You can get up to ten attempts before the mobile ends by restarting on its own. Once it has been rebooted you will have access to the desktop of the mobile and use it normally without asking for the password of the MI account. 

Remember that this problem is not from your phone, but from Xiaomi, and it will not do you any good to process the guarantee. Put into practice the solution that we propose and next time remember not to immediately accept the update, since you can have the same problem again. 
5 Best Exercises to Build Your Upper Chest Rock Hard

5 Best Exercises to Build Your Upper Chest Rock Hard

Your brawny and athletic chest is something you want. For this, you have to take four to three hour’s vigorous exercise. You can attain your dream hefty body by following these five exercise techniques.

Barbell Bench Press

Perfectly shaped pec muscles indicate your intense workout. Purpose of exercise and workout is not just to make a huge mountain of flesh and fats rather a trimmed muscular body suitable for gym cum beach modeling.
Your very first day at the gym might be a worry some while looking at professionals. But there is nothing to worry about, just go ahead and ask them how to work on Barbell Bench Press. During your early days you will find it difficult to get a dream body, but after few weeks your dream will come true.

Push-Ups with Rotation on power tower

As it is often heard and said that OLD IS GOLD. Push up is a traditional way to gain patience, power and a fully developed muscular body. Many push-ups vary for different people but ten push-ups in every four minutes is a quick and easy way to get the needful. Changing the movements of your upper and lower limbs alternatively along with push-ups on power tower. By changing positions and postures, you will work on various muscles without getting bored. 
Professional bodybuilders have some golden words regarding push-ups. According to them, it is the best exercise to shape up your body using power tower.

Chest squeeze push up 

While performing push-ups bringing the dumbbells together in a synchronized manner will help you in building your stamina, increasing your endurance. It also provides you with extra energy for combatting stress and depression.

Grease the Groove

If building a muscular chest is your main objective, then thirty to forty minutes’ workout with various chest exercises will help you to get Sylvester Stallone like body. You must get your body into action with simple set steps of chest workout. But keep in mind that you must not keep working on a specific muscle group as it may be hazardous. According to experts, two days’ rest is a must, as it is considered as recovery time if you are focusing on a complete body workout in a week with three days of chest exercises.

Cable Crossovers

This exercise is one of a must chest workout. Design your pec routine consisting of cable crossovers, incline dumbbell press, flat bench or machine press. Cable crossovers is a recommended shortcut for attaining your dream body.

Warnings 

People often suffer from severe gym injuries. To keep yourselves protected you must use a spotter. There is a recommended easy way to keep yourself away from gym injuries which are warming up your body for about ten to fifteen minutes. After warming up, you must take a rest for about 5 minutes before beginning with your routine exercises. If you are already suffering from some injury, then you must consult a gym adviser before starting on a new exercise.

Things To Add To Your Bath For Relaxation.

Things To Add To Your Bath For Relaxation.

Chilling in a bathtub filled with hot water at the end of the day’s works helps in fighting stress, tiredness, and fatigue of a busy day at the office. It is very important to get rid of anxieties and stress.

  A mildly warm bath is always relaxing. If you like to sing and hear your voice resonate within the comfort of your bathroom, where you apparently are the best singer in the world or maybe you like to soak in the water to calm your nerves. Moreover, whatever may be your reason for taking a shower, there are some materials you can add to your bathwater to make your skin look fresh, healthy, and rejuvenated.  That being said, here are somethings to add to your bath for relaxation.

Oatmeal

Oatmeal is a nutritious breakfast; it also performs wonders as far as the skin is concerned, especially those with itchy and dry skin. In fact, you will admire the way your skin feels after adding some to your bath. To achieve this, add about a half mug of oatmeal to a cheesecloth. Don’t add it directly to your bath or you will risk having a big bathtub filled with yummy oatmeal. Place the oatmeal-filled cheesecloth under warm running water and rub on the skin gently.

Baking Soda

Put about four to five tablespoons of baking soda into your bath perform wonders as far as the neutralizing skin acidity is concerned.  It also supports the elimination of toxins in and on your body. It calms, relieves irritation and soothes your skin just by immersing your body in a bathtub with filled with baking soda. It is an easy way to detox your body from alcohol, caffeine, nicotine, and other medications.

3. Epsom Salt:
 Epsom salt is very good for treating for skin- related problems.  Mix two cups of the salt with the bathwater in a tub and immerse yourself in it. It helps in fighting soreness and inflammation.  Moreover, Epsom salt baths are also good for relaxing and calming the mind and body.  Why not try Epsom salt bath thrice a week.

Essential Oils:

Aromatherapy is a very good way to reduce stress naturally. However, essential oils have some beneficial effect on the skin. Furthermore, oils like lavender, tea tree, Frankincense, lemongrass, or eucalyptus also helps to soothe sore muscles and headaches.

Ginger:

Ginger has an effective antibacterial and anti-inflammatory properties, which makes it very exceptional for fighting sinus congestion, or respiratory problems. When you add ginger to your bathwater, it warms your body up and helps you sweat out toxins, which helps you naturally get rid of the body virus.

Fresh Lemon Juice:

Lemons contain vitamin C, which is a very good antioxidant that nourishes skin cells.  When you add about 1/2 cup of fresh lemon juice to your bath; it makes your skin looking shiny and healthy.   Moreover, the lemon juice shrinks your pores, which makes it difficult for excess dirt and oils to enter; so add it to your baths to enjoy its benefits.

Milk
 Most of the famous beauties, like Cleopatra, attributed their face to milk baths. When you soak in milk, your skin absorbs the protein and fat, which moisturizes your skin and leave it smooth. Moreover, milk’s lactic acid help to remove dead skin cells and reduce the of dark spots.

Bentonite Clay
Bentonite clay can remove heavy metal toxins from the body by drinking a lot of water, and it is also present in some types of food.  Moreover, if you do not need detox regularly, these heavy metals can build up in the body to cause different of health issues. Add a scoop of bentonite clay to your bath, and it will draw toxins out of the body, and it is also useful for relieving stress and aching muscles.

Apple cider vinegar

Apple cider vinegar is a very important ingredient with a lot of health benefits. Add some cups of apple cider vinegar to your bath. It improves blood circulation in of the skin, soothes any inflammation, fights any infection and balances the PH of the skin.

In Conclusion, some people take a hot bath to fight muscle pain.  However, you can improve your bath experience by adding certain things to your bathwater instead of using chemical-related products to your bath, why consider adding some natural ingredient to your bath. 

How to Write an SEO Text That Positions

How to Write an SEO Text That Positions

Everything you have been told about how to write SEO texts is a lie. Pass tags, pass semantic latency and keyword stuffing. Less TAGS, more FLOW.

Writing an SEO text is simple.  Good SEO content is the one that best answers a user’s question. White and bottled.
Google earns money being the best search engine that exists- after our mother, as she has to go and look, you charge-, and for that, she needs to provide you with the content that best responds to your question, which you raise in the form of a search.
Optimizing the technical elements helps a little, but it is not essential and it is not, by far, as important as making content that you like.
Now, how do you write an SEO article? What do we have to know to write a correct text at the SEO level?
how-to-write-an-seo-text-that-positions

Things that work in SEO texts

Do not worry, we’re not going to go into technical things: it’s common sense applied, like everything in SEO.

Keywords

It is true that generally, an article has to be directed to a keyword or topic that is being sought.
That is why it is important that you know that it does not matter if you hesitate between “car rental,” “car rental” or “rent a car.” The important thing is what is behind, that is, if the user’s intention corresponds to the purpose of your content, any of the options will be correct.
Do you know what you are looking for more? As in principle you have no idea (nor do I) what you do is go to tools like Übersuggest to give you search ideas, and Google Keyword Planner, Keywords Everywhere or SemRush to tell you the volume of each of them.
If you want more information about this, you can look for more information in our keyword guide for SEO.
When you have identified several that look good, do the searches yourself on Google and see which one has the strongest competition.
At first glance you can identify it by seeing if they are powerful websites or not (better compete against Paco’s blog than Amazon), and if you doubt, you can use tools like ahrefs to look at the links that each URL has. If you have many links, it will be stronger than if you have few or none.

The URL

The URL has to be fully optimized for the keyword or topic on which the content revolves. Eliminate words that do not add value, such as conjunctions, prepositions and other stop words.
Wrong: /the-10-best-electric-cars-what-they-will-in-the-2014/
Good: /best-electric cars-2014/
Regarding the extension, there is no recommended maximum, although the ideal is that the depth of the content does not exceed 3 levels.
Wrong:/level1/level2/level3/level4/content
Good:/level1/level2/ontent
Obviously, when we talk about posts in a blog, the ideal is that the part of the URL referring to the content is on a first level.

The title has to be molar

How many posts have been made on how to write an SEO text? You have to add something that differentiates it from the other 50,000 equals, and the title must be your declaration of intent.
Wrong: How to write SEO texts
Good: 10 secrets to write SEO texts that no one else will tell you.
Keep in mind that the title must have between 50 and 70 characters to appear full in the search engines.
But you know what? A longer title may have more engagement in social networks, encouraging you to generate traffic, links and social signals (and this will mean better positions).

Top 10 Countries Where Bitcoin is Prohibited – Including INDIA

Top 10 Countries Where Bitcoin is Prohibited – Including INDIA

Even though Bitcoin is still not known worldwide, and some countries have taken “measures” they forbade the use of this cryptocurrency in their territories. This fear of Bitcoin is because they know their potential to banish national currencies and thus ensure that the population does not depend on third parties in the management of their money. CCNews published the following list of 10 countries where you may have problems if you want to use bitcoin, either because it is prohibited by national laws or by the central banks of these countries.
10-countries-where-bitcoin-is-prohibited
1. Bangladesh
The Central Bank of Bangladesh gave the following statement: “bitcoin legal in UK and many other countries. Any transaction through Bitcoin or any other cryptocurrency is a punishable offense. “
2. Bolivia
Bolivia, a country that sells the world its revolutionary character, seems to be very conservative in the use of money. The Central Bank of Bolivia declared: “It is illegal to use any currency that is not issued and controlled by a government or an authorized entity.”
3. China
Although China is the country with the largest number of Bitcoin transactions, the restriction on using bitcoin is aimed at banks and their employees. However, changing or mining bitcoin is not illegal for ordinary users.
4. Ecuador
This is because Ecuador is building its own electronic money system and does not want Bitcoin as a competition.
5. Iceland
Buying bitcoin would violate the Icelandic Foreign Exchange Act.
6. India
A banking policy does not allow exchanges to exchange bitcoin for rupees (the currency of India), so it is not totally illegal, only that exchanges cannot work with national banks.
7. Russia
In practice, Bitcoin is prohibited although no law legitimizes that decision. Due to internal issues with the fall in the value of the national currency, Russia does not welcome investment in “digital” currencies.
8. Sweden
Sweden established regulations to undermine and negotiate with Bitcoin that, although they do not prohibit the use of this cryptocurrency, may tend to do so in the future.
9. Thailand
The Bank of Thailand said in 2013 that bitcoin is illegal, although there are still companies in that country using this cryptocurrency and bitcoin legal issues.
10. Vietnam
The Central Bank of Vietnam stated: “Bitcoin transactions are highly anonymous, so bitcoin can become a tool for crimes such as money laundering, drug trafficking, tax evasion, illegal payment.” But bitcoin legal in USA.
Bitcoin: What Is It, and Is It Right for Your Business?

Bitcoin: What Is It, and Is It Right for Your Business?


OK, then, what is Bitcoin?
It is not a real currency, it is “cryptocurrency”, a form of digital payment that is produced (“mined”) by many people around the world. It allows point-to-point transactions instantly, worldwide, for free or at very low cost.
Bitcoin was invented after decades of research in cryptography by software developer Satoshi Nakamoto (believed to be a pseudonym), who designed the algorithm and introduced it in 2009. His true identity remains a mystery.
This currency is not backed by a tangible asset (such as gold or silver); bitcoins are marketed online, which makes them a commodity in themselves.
Bitcoin is an open source product that can be accessed by anyone who is a user. All you need is an email address, Internet access and money to start.
Where does it come from?
Bitcoin is extracted in a distributed computer network of users running specialized software; the network solves certain mathematical tests and looks for a particular data sequence (“block”) that produces a particular pattern when the BTC algorithm is applied to it. A coincidence produces a bitcoin. It is complex and requires a lot of time and energy.
Only 21 million bitcoins are going to be exploited (around 11 million are currently in circulation). Mathematical problems solved by network computers become increasingly difficult to keep mining operations and supply under control.
This network also validates all transactions through cryptography.
How does Bitcoin work?
Internet users transfer digital assets (bits) to each other in a network. There is no online bank; rather, Bitcoin has been described as a ledger distributed on the Internet. Users buy Bitcoin with cash or by selling a Bitcoin product or service. Bitcoin wallets store and use this digital currency. Users can sell this virtual book by selling their Bitcoin to another person who wants to enter. Anyone can do it, anywhere in the world.
There are smartphone applications to perform Bitcoin mobile transactions and Bitcoin exchanges are occupying the Internet. 19659002] How is Bitcoin valued?
Bitcoin is not controlled or controlled by a financial institution; It is completely decentralized Unlike real-world money, it can not be devalued by governments or banks.
On the other hand, the value of Bitcoin lies simply in its acceptance among users as a form of payment and because its supply is limited. Their global monetary values fluctuate according to supply and demand and market speculation; as more people create wallets and keep and spend bitcoins, and more businesses accept it, the value of Bitcoin will increase. Banks are now trying to value Bitcoin and some investment websites predict that the price of a bitcoin will be several thousand dollars in 2014.
What are its benefits?
There are benefits for consumers and merchants who want to use this payment option.
1. Quick transactions: Bitcoin is instantly transferred through the Internet.
2. No fees / low fees: unlike credit cards, Bitcoin can be used with free or very low rates. Without the centralized institution as an intermediary, authorizations (and fees) are not required. This improves sales of profit margins.
3. Eliminates the risk of fraud: only the owner of Bitcoin can send the payment to the desired recipient, who is the only one who can receive it. The network knows that the transfer has occurred and the transactions are validated; They can not be challenged or returned. This is important for online merchants who are often subject to evaluations from credit card processors if a transaction is fraudulent or from companies that pay the high price of credit card returns.
4. The data is safe: as we have seen with recent attacks on the payment processing systems of national retailers, the Internet is not always a safe place for private data. With Bitcoin, users do not give up private information.
to. They have two keys: a public key that serves as the bitcoin address and a private key with personal data.
b. Transactions are digitally “signed” by combining public and private keys; a mathematical function is applied and a certificate is generated that shows that the user initiated the transaction. Digital signatures are unique to each transaction and can not be reused.
c. The merchant / recipient never sees your secret information (name, number, physical address) so it is somewhat anonymous but it is traceable (to the bitcoin address in the public key).
5. Convenient payment system: merchants can use Bitcoin completely as a payment system; You do not have to have any Bitcoin currency since Bitcoin can be converted to dollars. Consumers or merchants can trade Bitcoin and other currencies at any time.
6. International payments: Bitcoin is used throughout the world; Merchants and e-commerce service providers can easily accept international payments, which opens up new potential markets.
7. Easy to trace: the network tracks and permanently records each transaction in the chain of Bitcoin blocks (the database). In the case of possible irregularities, it is easier for law enforcement officials to track these transactions.
8. Micropayments are possible: bitcoins can be divided up to one hundredth millionth, so making small payments of a dollar or less becomes a free or almost free transaction. This could be a great help for convenience stores, coffee shops and subscription-based websites (videos, publications).
Are you still a bit confused? Here are some examples of transactions:
Bitcoin in the retail environment
When paying, the payer uses a smartphone application to scan a QR code with all the transaction information necessary to transfer the bitcoin to the retailer. Pressing the “Confirm” button completes the transaction. If the user does not have any Bitcoin, the network converts dollars into his account to the digital currency.
The retailer can convert that Bitcoin into dollars if desired, there were not very low processing fees (instead of 2 to 3 percent), no hacker can steal personal information from the consumer, and there is no risk of fraud. Very skillful
Bitcoins in hospitality
Hotels can accept Bitcoin for room and meal payments at the property for guests who wish to pay with Bitcoin using their mobile wallets, or from PC to website to pay for an online reservation. A commercial BTC processor from a third party can help you handle the transactions you delete over the Bitcoin network. These processing clients are installed in tablets at the reception of the establishments or in the restaurants for users with applications for smartphones of BTC. (These payment processors are also available for desktops, on retail POS systems and integrated into POS food service systems.) It is not necessary to change owners or credit cards.
These transactions without cash are fast and the processor can convert bitcoins into currency and make a direct deposit daily in the bank account of the establishment. In January 2014, it was announced that two casino-hotels in Las Vegas will accept Bitcoin payments at the reception, in their restaurants and in the gift shop.
Sounds good, what’s the trap?
Business owners should consider the problems of participation, security and cost.
• A relatively small number of ordinary consumers and merchants currently use or understand Bitcoin. However, adoption is increasing worldwide and tools and technologies are being developed to facilitate participation.
• It’s the Internet, so hackers are threats to exchanges. The Economist reported that a Bitcoin exchange was hacked in September 2013 and $ 250,000 in bitcoins were stolen from users’ online vaults. Bitcoins can be stolen like any other currency, so the vigilant security of the network, the server and the database is paramount.
• Users should carefully protect their bitcoin wallets containing their private keys. Secure or printed backups are crucial.
• Bitcoin is not regulated or insured by the US government. UU So there is no insurance for your account if the exchange stops working or is stolen by hackers.
• Bitcoins are relatively expensive. Current rates and sale prices are available in online exchanges.
The virtual currency is not yet universal, but it is gaining awareness and acceptance in the market. A company may decide to try Bitcoin to save on credit cards and bank fees, as a convenience to the customer, or to see if it helps or hinders sales and profitability.
Are you thinking about accepting Bitcoin? Do you already use it? Share your thoughts and experiences with us.