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bitcoin
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bitcoin

- paying with bitcoin -

Send and receive bitcoin digital money anywhere in the world over internet for free, with zero fees.

Pricing on donsbulbs website is listed in USD (US Dollars), but I also accept BTC (bitcoin) at current exchange rate.

If you don't already have bitcoins, then it will be quicker for you to pay me using a different payment method.

If you ALREADY have bitcoins, then submit your order reservation through my website and select bitcoin option; I'll then email you my bitcoin payment transaction code.

Thanks, Don Schnapp

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I have found the bitcoin protocol to be amazingly elegant. It's by far the best and most secure payment method of ANY digital/internet money. It's more secure than all other financial systems; it's non-inflationary, it's non-counterfeit-able, and it's non-reversible. It's free to use, and there's no required transaction fees.

The only hurdle is for you to get bitcoins to begin with. Although over time this keeps getting easier and cheaper as more users world-wide keep expanding the peer to peer bitcoin network. The cheapest (and probably easiest) way for you to get bitcoins is you offering your products and services to be paid in bitcoin (like I do.) Otherwise, you can buy bitcoins directly from third parties like bitcoin exchanges or directly from other bitcoin users who buy and sell bitcoins (third parties typically add fees for their service.)

There are two main methods for transacting with bitcoins:

#1. Use a bitcoin exchange to buy/sell/manage your bitcoins such as:
campbx.com
bitstamp.net
Using an exchange is a quick and easy way to get started. But, THEY, and not you, will be in possession of your bitcoins.

#2. You be responsible for your own bitcoins:
download wallet client: bitcoin.org
buy/sell bitcoins use any exchange listed above, or, locally: localbitcoins.com
This puts you in full control. BUT, there is a bit of a learning curve.

Most new users start out with method #1. Then as they learn more, later transfer most of their bitcoins to method #2.

The real power of bitcoin is when you DON'T use third parties to convert back and forth between fiat currencies and bitcoin, as those currency brokers have to be paid for their service. Best when you receive bitcoins, you later directly pay out bitcoins so no third party need to be paid nor can interfere. Technically you can receive any quantity of bitcoins directly from anyone, and, pay out bitcoins directly to anyone located anywhere in the world, instantly, and, with zero fees. Amazing!

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official bitcoin website:
bitcoin.org

buy and sell bitcoins:
campbx.com
bitstamp.net
localbitcoins.com

real time market exchange rates and charts:
bitcoincharts.com
bitcoinwatch.com

official bitcoin forum:
bitcointalk.org

Wikipedia:
en.bitcoin.it/wiki/Buying_Bitcoins_(the_newbie_version)
en.wikipedia.org/wiki/Bitcoin

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technical abstract:
bitcoin.pdf

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