{"id":12038,"date":"2015-08-04T23:58:56","date_gmt":"2015-08-05T06:58:56","guid":{"rendered":"http:\/\/reviewermag.com\/press\/?p=12038"},"modified":"2015-08-05T01:39:52","modified_gmt":"2015-08-05T08:39:52","slug":"12038","status":"publish","type":"post","link":"https:\/\/reviewermag.com\/press\/2015\/08\/04\/12038\/","title":{"rendered":"Bitcoin isn’t coming. Bitcoin is HERE."},"content":{"rendered":"

Is The Global Financial Apocalypse Drawing Nigh?<\/strong><\/h1>\n

<\/p>\n

What will the world be like after Bitcoin has taken over completely?<\/h3>\n

\"Backpage.com<\/a>
Backpage.com no longer accepts any other payment than Bitcoin?<\/figcaption><\/figure>
\nby Reviewer Rob<\/strong><\/p>\n

What the hell has happened? I went to renew an ad I had looking for more wedding photo jobs on Backpage.com and there’s a message saying that since July 6th they’ve stopped accepting VISA as a form of payment. MasterCard, Discover, all the other cards are apparently out of the food chain as well. Now the only way you can pay is with Bitcoin!<\/p>\n

Yes, Bitcoin: the same ephemeral internet currency based on basically nothing but good faith that shady characters used to acquire drugs and the illicit services of hitmen on the darknet with. Now it looks like the whole internet is beginning to go the way of Silkroad.<\/p>\n

Below is from an introductory page on bitcoin.org<\/a>:<\/strong><\/p>\n

Some things you need to know<\/h1>\n

If you are about to explore Bitcoin, there are a few things you should know. Bitcoin lets you exchange money in a different way than with usual banks. As such, you should take time to inform yourself before using Bitcoin for any serious transaction. Bitcoin should be treated with the same care as your regular wallet, or even more in some cases!<\/p>\n

\"Icon\"Securing your wallet<\/h2>\n

Like in real life, your wallet must be secured. Bitcoin makes it possible to transfer value anywhere in a very easy way and it allows you to be in control of your money. Such great features also come with great security concerns. At the same time, Bitcoin can provide very high levels of security if used correctly. Always remember that it is your responsibility to adopt good practices in order to protect your money. Read more about securing your wallet<\/b><\/a>.<\/p>\n

\"Icon\"Bitcoin price is volatile<\/h2>\n

The price of a bitcoin can unpredictably increase or decrease over a short period of time due to its young economy, novel nature, and sometimes illiquid markets. Consequently, keeping your savings with Bitcoin is not recommended at this point. Bitcoin should be seen like a high risk asset, and you should never store money that you cannot afford to lose with Bitcoin. If you receive payments with Bitcoin, many service providers can convert them to your local currency.<\/p>\n

\"Icon\"Bitcoin payments are irreversible<\/h2>\n

Any transaction issued with Bitcoin cannot be reversed, they can only be refunded by the person receiving the funds. That means you should take care to do business with people and organizations you know and trust, or who have an established reputation. For their part, businesses need to keep control of the payment requests they are displaying to their customers. Bitcoin can detect typos and usually won’t let you send money to an invalid address by mistake. Additional services might exist in the future to provide more choice and protection for the consumer.<\/p>\n

\"Icon\"Bitcoin is not anonymous<\/h2>\n

Some effort is required to protect your privacy with Bitcoin. All Bitcoin transactions are stored publicly and permanently on the network, which means anyone can see the balance and transactions of any Bitcoin address. However, the identity of the user behind an address remains unknown until information is revealed during a purchase or in other circumstances. This is one reason why Bitcoin addresses should only be used once. Always remember that it is your responsibility to adopt good practices in order to protect your privacy. Read more about protecting your privacy<\/b><\/a>.<\/p>\n

\"Icon\"Unconfirmed transactions aren’t secure<\/h2>\n

Transactions don’t start out as irreversible. Instead, they get a confirmation<\/i> score that indicates how hard it is to reverse them (see table). Each confirmation takes between a few seconds and 90 minutes, with 10 minutes being the average. If the transaction pays too low a fee or is otherwise atypical, getting the first confirmation can take much longer.<\/p>\n

 <\/p>\n\n\n\n\n\n\n\n\n
Confirm\u00adations<\/th>\nLightweight wallets<\/th>\nBitcoin Core<\/a><\/th>\n<\/tr>\n
0<\/th>\nOnly safe if you trust the person paying you<\/td>\n<\/tr>\n
1<\/th>\nSomewhat reliable<\/td>\nMostly reliable<\/td>\n<\/tr>\n
3<\/th>\nMostly reliable<\/td>\nHighly reliable<\/td>\n<\/tr>\n
6<\/th>\nMinimum recommendation for high-value bitcoin transfers<\/td>\n<\/tr>\n
30<\/th>\nRecommendation during emergencies<\/a> to allow human intervention<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

\"Icon\"Bitcoin is still experimental<\/h2>\n

Bitcoin is an experimental new currency that is in active development. Each improvement makes Bitcoin more appealing but also reveals new challenges as Bitcoin adoption grows. During these growing pains you might encounter increased fees, slower confirmations, or even more severe issues. Be prepared for problems and consult a technical expert before making any major investments, but keep in mind that nobody can predict Bitcoin’s future.<\/p>\n

\"Icon\"Government taxes and regulations<\/h2>\n

Bitcoin is not an official currency. That said, most jurisdictions still require you to pay income, sales, payroll, and capital gains taxes on anything that has value, including bitcoins. It is your responsibility to ensure that you adhere to tax and other legal or regulatory mandates<\/a> issued by your government and\/or local municipalities.<\/p>\n","protected":false},"excerpt":{"rendered":"

Is The Global Financial Apocalypse Drawing Nigh? What will the world be like after Bitcoin has taken over completely? by Reviewer Rob What the hell has happened? I went to renew an ad I had looking for more wedding photo jobs on Backpage.com and there’s a message saying that since July 6th they’ve stopped accepting VISA as a form of […]<\/p>\n","protected":false},"author":453,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1,1091,730,740,580,625,1014],"tags":[],"class_list":["post-12038","post","type-post","status-publish","format-standard","hentry","category-archive","category-money","category-opinion","category-politics","category-technology","category-update","category-world-politics"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":12064,"url":"https:\/\/reviewermag.com\/press\/2015\/08\/09\/getting-a-bitcoin-wallet-now\/","url_meta":{"origin":12038,"position":0},"title":"Getting A Bitcoin Wallet Now","author":"Reviewer Rob","date":"August 9, 2015","format":false,"excerpt":"Paxful.com by Reviewer Rob I've taken my first tentative steps towards financial functionality\u00a0with inclusion in the massively Libertarian community at Botcoin by opening up and account at Paxful.com, one of the \"wallet\" options at the Backpage.com payment page that were offered after\u00a0VISA and MasterCard were\u00a0removed due to Netherlands-based website's\u00a0alleged use\u2026","rel":"","context":"In "adventure central"","block_context":{"text":"adventure central","link":"https:\/\/reviewermag.com\/press\/category\/adventure-central\/"},"img":{"alt_text":"The stylish Bitcoin logo.","src":"https:\/\/i0.wp.com\/reviewermag.com\/press\/wp-content\/uploads\/2015\/08\/bitcoin.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":15620,"url":"https:\/\/reviewermag.com\/press\/2018\/11\/10\/15620\/","url_meta":{"origin":12038,"position":1},"title":"Book for sale: SUCKDOG — A RUCKUS, by Lisa Carver, signed","author":"Reviewer Rob","date":"November 10, 2018","format":false,"excerpt":"[Bookcabal] punk rock history \u00a0 Book for sale: Lisa Cerver's SUCKDOG -- A RUCKUS, signed and in like new condition, $15.99 plus postage and handling Brand new, shiny, unread and signed copies of SUCKDOG -- A RUCKUS by Lisa Carber are for sale here. Email me, robertrowsey@gmail.com, or send $15.99\u2026","rel":"","context":"In "book cabal"","block_context":{"text":"book cabal","link":"https:\/\/reviewermag.com\/press\/category\/book-cabal\/"},"img":{"alt_text":"","src":"https:\/\/www.paypalobjects.com\/en_US\/i\/scr\/pixel.gif","width":350,"height":200},"classes":[]},{"id":12213,"url":"https:\/\/reviewermag.com\/press\/2015\/09\/14\/the-politics-of-discretion\/","url_meta":{"origin":12038,"position":2},"title":"The Politics Of Discretion","author":"Reviewer Rob","date":"September 14, 2015","format":false,"excerpt":"[Verbatim]\"I believe it strongly enough I am willing to face the criticism...\"Nathan Fletcher on the upcoming Iran agreement: Rick Perry's campaign manager just called me a \"disgusting disgrace\" for joining a group of veterans at a meeting with the President. I know he had a bad week, but that is\u2026","rel":"","context":"In "reflected news"","block_context":{"text":"reflected news","link":"https:\/\/reviewermag.com\/press\/category\/reflected-news\/"},"img":{"alt_text":"Nathan Fletcher, President Obama, Vice President Kerry.","src":"https:\/\/i0.wp.com\/reviewermag.com\/press\/wp-content\/uploads\/2015\/09\/nathan-fletcher-with-obama.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":12696,"url":"https:\/\/reviewermag.com\/press\/2015\/11\/21\/california-institute-of-abnormalarts\/","url_meta":{"origin":12038,"position":3},"title":"California Institute of Abnormalarts","author":"Reviewer Rob","date":"November 21, 2015","format":false,"excerpt":"The California Institute of Abnormalarts in Burbank by Reviewer Rob Here's some pics from Friday the thirteenth at California Institute of Abnormalarts in Burbank, from the first visit I had there. Radio Relay League and True Violet were the bands this night. I had been meaning to get in those\u2026","rel":"","context":"In "archive"","block_context":{"text":"archive","link":"https:\/\/reviewermag.com\/press\/category\/archive\/"},"img":{"alt_text":"One of the many surreal attractions at the California Institute of Abnormalarts: according to Carl Crew I think he said it's a mummy embalmed with murcury from the Chinatown district of San Francisco. ~caption and photo by Reviewer Rob.","src":"https:\/\/i0.wp.com\/reviewermag.com\/press\/wp-content\/uploads\/2015\/11\/web-murcury-mummy.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/reviewermag.com\/press\/wp-content\/uploads\/2015\/11\/web-murcury-mummy.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/reviewermag.com\/press\/wp-content\/uploads\/2015\/11\/web-murcury-mummy.jpg?resize=525%2C300 1.5x, https:\/\/i0.wp.com\/reviewermag.com\/press\/wp-content\/uploads\/2015\/11\/web-murcury-mummy.jpg?resize=700%2C400 2x, https:\/\/i0.wp.com\/reviewermag.com\/press\/wp-content\/uploads\/2015\/11\/web-murcury-mummy.jpg?resize=1050%2C600 3x, https:\/\/i0.wp.com\/reviewermag.com\/press\/wp-content\/uploads\/2015\/11\/web-murcury-mummy.jpg?resize=1400%2C800 4x"},"classes":[]},{"id":14423,"url":"https:\/\/reviewermag.com\/press\/2017\/06\/11\/14423\/","url_meta":{"origin":12038,"position":4},"title":"Meddling Words Matter","author":"Reviewer Rob","date":"June 11, 2017","format":false,"excerpt":"[Syntax] \"Meddling Kids\" Election manipulation by Putin, a thing of humor and satisfaction for our mainstream media? by Reviewer Rob from Intargam Maybe our American mainstream news media really isn't just one monolithic industry with one tight-knit cabal controlling it. Maybe it's not significant that the only real use of\u2026","rel":"","context":"In "living by the sword"","block_context":{"text":"living by the sword","link":"https:\/\/reviewermag.com\/press\/category\/living-by-the-sword\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/reviewermag.com\/press\/wp-content\/uploads\/2017\/06\/meddliing-kids-villian.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":10899,"url":"https:\/\/reviewermag.com\/press\/2014\/11\/25\/dvd-review-klitschko-from-director-sebastian-dehnhardt\/","url_meta":{"origin":12038,"position":5},"title":"dvd review: Klitschko from director Sebastian Dehnhardt","author":"Reviewer Rob","date":"November 25, 2014","format":false,"excerpt":"[Video]Klitschkodocumentary, director Sebastian Dehnhardt, 2011, with Wladimir & Vitali Klitschko, Lennox Lewis, Emmanuel Steward, Shannon Briggs, Larry Merchant, in English, from Corinth Films, 111 minutesby Bob Yunger If one wants to better understand the tumultuous world of Ukrainian politics and by association Russian society in general one might want to\u2026","rel":"","context":"In "adventure central"","block_context":{"text":"adventure central","link":"https:\/\/reviewermag.com\/press\/category\/adventure-central\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/reviewermag.com\/press\/wp-json\/wp\/v2\/posts\/12038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/reviewermag.com\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/reviewermag.com\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/reviewermag.com\/press\/wp-json\/wp\/v2\/users\/453"}],"replies":[{"embeddable":true,"href":"https:\/\/reviewermag.com\/press\/wp-json\/wp\/v2\/comments?post=12038"}],"version-history":[{"count":11,"href":"https:\/\/reviewermag.com\/press\/wp-json\/wp\/v2\/posts\/12038\/revisions"}],"predecessor-version":[{"id":12050,"href":"https:\/\/reviewermag.com\/press\/wp-json\/wp\/v2\/posts\/12038\/revisions\/12050"}],"wp:attachment":[{"href":"https:\/\/reviewermag.com\/press\/wp-json\/wp\/v2\/media?parent=12038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/reviewermag.com\/press\/wp-json\/wp\/v2\/categories?post=12038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/reviewermag.com\/press\/wp-json\/wp\/v2\/tags?post=12038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}