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bitcoin.html
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<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN"
"http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd">
<html xmlns="http://www.w3.org/1999/xhtml" xml:lang="en-GB" lang="en-GB">
<head>
<meta http-equiv="Content-Type" content="text/html; charset=UTF-8"/>
<base href="https://cecg.biz/bitcoin"/>
<title>Bitcoin? · Crypto Economics Consulting Group</title>
<link href="/favicon.ico" rel="shortcut icon" type="image/vnd.microsoft.icon"/>
<script src="/media/system/js/mootools-core.js" type="text/javascript"></script>
<script src="/media/system/js/core.js" type="text/javascript"></script>
<script src="/media/system/js/caption.js" type="text/javascript"></script>
<script src="/media/system/js/mootools-more.js" type="text/javascript"></script>
<script type="text/javascript">
window.addEvent('load', function() { new JCaption('img.caption'); });
</script>
<meta name="viewport" content="initial-scale=1.0, maximum-scale=1.0, minimum-scale=1.0, user-scalable=no"/>
<script type="text/javascript">
//<![CDATA[
window.addEvent('domready', function() {
var myMenu = new MenuMatic({
effect:"slide & fade",
duration:1000,
physics: Fx.Transitions.Pow.easeOut,
hideDelay:500,
orientation:"horizontal",
tweakInitial:{x:0, y:0},
direction:{ x: 'right', y: 'down' },
opacity:100 });
});
//]]>
</script><!-- Css and js addons for vertex features -->
<link rel="stylesheet" type="text/css" href="//fonts.googleapis.com/css?family=Oswald"/>
<style type="text/css">
/*<![CDATA[*/
/* MAX IMAGE WIDTH */
img {
height:auto !important;
max-width:100% !important;
-webkit-box-sizing: border-box !important; /* Safari/Chrome, other WebKit */
-moz-box-sizing: border-box !important; /* Firefox, other Gecko */
box-sizing: border-box !important; /* Opera/IE 8+ */
}
.full_width {
width:100% !important;
-webkit-box-sizing: border-box !important; /* Safari/Chrome, other WebKit */
-moz-box-sizing: border-box !important; /* Firefox, other Gecko */
box-sizing: border-box !important; /* Opera/IE 8+ */
}
#s5_responsive_modile_drop_down_wrap input {
width:96% !important;
}
#s5_responsive_mobile_drop_down_search input {
width:100% !important;
}
@media screen and (max-width: 750px){
body {
height:100% !important;
position:relative !important;
padding-bottom:48px !important;
}
}
#s5_responsive_mobile_bottom_bar, #s5_responsive_mobile_top_bar {
background:#0B0B0B;
background: -moz-linear-gradient(top, #272727 0%, #0B0B0B 100%); /* FF3.6+ */
background: -webkit-gradient(linear, left top, left bottom, color-stop(0%,#272727), color-stop(100%,#0B0B0B)); /* Chrome,Safari4+ */
background: -webkit-linear-gradient(top, #272727 0%,#0B0B0B 100%); /* Chrome10+,Safari5.1+ */
background: -o-linear-gradient(top, #272727 0%,#0B0B0B 100%); /* Opera11.10+ */
background: -ms-linear-gradient(top, #272727 0%,#0B0B0B 100%); /* IE10+ */
background: linear-gradient(top, #272727 0%,#0B0B0B 100%); /* W3C */
font-family: Oswald !important;
}
.s5_responsive_mobile_drop_down_inner, .s5_responsive_mobile_drop_down_inner input, .s5_responsive_mobile_drop_down_inner button, .s5_responsive_mobile_drop_down_inner .button, #s5_responsive_mobile_drop_down_search .validate {
font-family: Oswald !important;
}
.s5_responsive_mobile_drop_down_inner button:hover, .s5_responsive_mobile_drop_down_inner .button:hover {
background:#0B0B0B !important;
}
#s5_responsive_mobile_drop_down_menu, #s5_responsive_mobile_drop_down_menu a, #s5_responsive_mobile_drop_down_login a {
font-family: Oswald !important;
color:#FFFFFF !important;
}
#s5_responsive_mobile_bar_active, #s5_responsive_mobile_drop_down_menu .current a, .s5_responsive_mobile_drop_down_inner .s5_mod_h3, .s5_responsive_mobile_drop_down_inner .s5_h3_first {
color:#BBBABA !important;
}
.s5_responsive_mobile_drop_down_inner button, .s5_responsive_mobile_drop_down_inner .button {
background:#BBBABA !important;
}
#s5_responsive_mobile_drop_down_menu .active ul li, #s5_responsive_mobile_drop_down_menu .current ul li a, #s5_responsive_switch_mobile a, #s5_responsive_switch_desktop a, #s5_responsive_modile_drop_down_wrap {
color:#FFFFFF !important;
}
#s5_responsive_mobile_toggle_click_menu span {
border-right:solid 1px #272727;
}
#s5_responsive_mobile_toggle_click_menu {
border-right:solid 1px #0B0B0B;
}
#s5_responsive_mobile_toggle_click_search span, #s5_responsive_mobile_toggle_click_register span, #s5_responsive_mobile_toggle_click_login span, #s5_responsive_mobile_scroll a {
border-left:solid 1px #272727;
}
#s5_responsive_mobile_toggle_click_search, #s5_responsive_mobile_toggle_click_register, #s5_responsive_mobile_toggle_click_login, #s5_responsive_mobile_scroll {
border-left:solid 1px #0B0B0B;
}
.s5_responsive_mobile_open, .s5_responsive_mobile_closed:hover, #s5_responsive_mobile_scroll:hover {
background:#272727;
}
#s5_responsive_mobile_drop_down_menu .s5_responsive_mobile_drop_down_inner, #s5_responsive_mobile_drop_down_register .s5_responsive_mobile_drop_down_inner, #s5_responsive_mobile_drop_down_login .s5_responsive_mobile_drop_down_inner, #s5_responsive_mobile_drop_down_search .s5_responsive_mobile_drop_down_inner {
background:#272727;
}
.s5_wrap {
max-width:1000px !important;
}
@media screen and (max-width: 970px){
#s5_right_top_wrap {
width:0px !important;
}
#s5_right_inset_wrap {
width:0px !important;
}
#s5_right_wrap {
width:0px !important;
}
#s5_right_bottom_wrap {
width:0px !important;
}
#s5_left_top_wrap {
width:0px !important;
}
#s5_left_inset_wrap {
width:0px !important;
}
#s5_left_wrap {
width:0px !important;
}
#s5_left_bottom_wrap {
width:0px !important;
}
#s5_right_column_wrap {
width:0px !important;
margin-left:-0px !important;
}
#s5_left_column_wrap {
width:0px !important;
}
#s5_center_column_wrap_inner {
margin-left:0px !important;
margin-right:0px !important;
}
}
@media screen and (min-width:580px) and (max-width: 750px){
#s5_bottom_row3 #s5_pos_bottom_row3_1.s5_float_left, #s5_bottom_row3 #s5_pos_bottom_row3_2.s5_float_left, #s5_bottom_row3 #s5_pos_bottom_row3_3.s5_float_left {
float:left !important;
width:33.3% !important;
}
#s5_bottom_row3 #s5_pos_bottom_row3_4.s5_float_left, #s5_bottom_row3 #s5_pos_bottom_row3_5.s5_float_left, #s5_bottom_row3 #s5_pos_bottom_row3_6.s5_float_left {
float:left !important;
width:50% !important;
}
}
/*]]>*/
</style>
<script type="text/javascript" src="https://cecg.biz/templates/cleanout/js/s5_flex_menu.js"></script>
<link rel="stylesheet" href="https://cecg.biz/templates/cleanout/css/s5_flex_menu.css" type="text/css"/>
<link rel="stylesheet" href="https://cecg.biz/templates/system/css/system.css" type="text/css"/>
<link rel="stylesheet" href="https://cecg.biz/templates/system/css/general.css" type="text/css"/>
<link href="https://cecg.biz/templates/cleanout/css/template_default.css" rel="stylesheet" type="text/css"/>
<link href="https://cecg.biz/templates/cleanout/css/template.css" rel="stylesheet" type="text/css"/>
<link href="https://cecg.biz/templates/cleanout/css/com_content.css" rel="stylesheet" type="text/css"/>
<link href="https://cecg.biz/templates/cleanout/css/editor.css" rel="stylesheet" type="text/css"/>
<link href="https://cecg.biz/templates/cleanout/css/thirdparty.css" rel="stylesheet" type="text/css"/>
<link rel="stylesheet" type="text/css" href="//fonts.googleapis.com/css?family=Yanone+Kaffeesatz:Light+200"/>
<link href="https://cecg.biz/templates/cleanout/css/multibox/multibox.css" rel="stylesheet" type="text/css"/>
<link href="https://cecg.biz/templates/cleanout/css/multibox/ajax.css" rel="stylesheet" type="text/css"/>
<script type="text/javascript" src="https://cecg.biz/templates/cleanout/js/multibox/overlay.js"></script>
<script type="text/javascript" src="https://cecg.biz/templates/cleanout/js/multibox/multibox.js"></script>
<link href="https://cecg.biz/templates/cleanout/favicon.ico" rel="shortcut icon" type="image/x-icon"/>
<link rel="stylesheet" type="text/css" href="https://cecg.biz/templates/cleanout/css/s5_responsive_bars.css"/>
<link href="https://cecg.biz/templates/cleanout/css/s5_responsive_hide_classes.css" rel="stylesheet" type="text/css"/>
<link rel="stylesheet" type="text/css" href="https://cecg.biz/templates/cleanout/css/s5_responsive.css"/>
<link rel="stylesheet" type="text/css" href="https://cecg.biz/templates/cleanout/css/custom.css"/>
<!-- Info Slide Script - Called in header so css validates -->
<link href="https://cecg.biz/templates/cleanout/css/s5_info_slide.css" rel="stylesheet" type="text/css"/>
<script type="text/javascript" src="https://cecg.biz/templates/cleanout/js/s5_info_slide.js"></script>
<!-- File compression. Needs to be called last on this file -->
<!-- The excluded files, listed below the compressed php files, are excluded because their calls vary per device or per browser. Included compression files are only ones that have no conditions and are included on all devices and browsers. Otherwise unwanted css will compile in the compressed files. -->
<style type="text/css">
/*<![CDATA[*/
body, .button, .jdGallery .slideInfoZone h2, .MultiBoxTitle {font-family: 'Yanone Kaffeesatz',Helvetica,Arial,Sans-Serif ;}
.module_round_box-centered h3{font-family: Arial;}
/* k2 stuff */
div.itemHeader h2.itemTitle, div.catItemHeader h3.catItemTitle, h3.userItemTitle a, #comments-form p, #comments-report-form p, #comments-form span, #comments-form .counter, #comments .comment-author, #comments .author-homepage,
#comments-form p, #comments-form #comments-form-buttons, #comments-form #comments-form-error, #comments-form #comments-form-captcha-holder {font-family: 'Yanone Kaffeesatz',Helvetica,Arial,Sans-Serif ;}
.s5_wrap, .jdGallery .slideInfoZone h2, .jdGallery .slideInfoZone p{width:975px;}
.module_round_box .s5_h3_first, .s5_highlight, .s5_am_innermenu li#current a span, #s5_accordion_menu h3.s5_am_open a.mainlevel, #s5_nav li.active a, #s5_nav li.mainMenuParentBtnFocused a, #s5_nav li:hover a, #current .s5_accordion_menu_left a.mainlevel, .module_round_box ul.menu li.current a, .module_round_box-background ul.menu li.current a, .dropdown-menu li > a:hover, .dropdown-menu li > a:focus,
.dropdown-submenu:hover > a, .dropdown-menu .active > a, .dropdown-menu
.active > a:hover, .nav-list > .active > a, .nav-list > .active > a:hover,
.nav-pills > .active > a, .nav-pills > .active > a:hover, .btn-group.open
.btn-primary.dropdown-toggle, .btn-primary, .btn-link{color:#ed1c23 !important;}
.module_round_box-highlight, .module_round_box-highlightstraight {background:#ed1c23;}
#s5_register{
background: -moz-linear-gradient(top, #ed1c23 0%, #b10000 100%) !important; /* FF3.6+ */
background: -webkit-gradient(linear, left top, left bottom, color-stop(0%,#ed1c23), color-stop(100%,#c50000)) !important; /* Chrome,Safari4+ */
background: -webkit-linear-gradient(top, #ed1c23 0%,#c50000 100%) !important; /* Chrome10+,Safari5.1+ */
background: -o-linear-gradient(top, #ed1c23 0%,#c50000 100%) !important; /* Opera 11.10+ */
background: -ms-linear-gradient(top, #ed1c23 0%,#c50000 100%) !important; /* IE10+ */
background: linear-gradient(top, #ed1c23 0%,#c50000 100%) !important; /* W3C */
filter: progid:DXImageTransform.Microsoft.gradient( startColorstr='#ed1c23', endColorstr='#c50000',GradientType=0 ) !important; /* IE6-9 */}
#s5_register:hover {background:#ed1c23 !important;}
.bigbutton {
background-color: #ed1c23;
background-image: url(https://cecg.biz/templates/cleanout/images/handarrow.png), -moz-linear-gradient(top, #ed1c23 7%, #b10000 100%); /* FF3.6+ */
background-image: url(https://cecg.biz/templates/cleanout/images/handarrow.png), -webkit-gradient(linear, left top, left bottom, color-stop(7%,#ed1c23), color-stop(100%,#b10000)); /* Chrome,Safari4+ */
background-image: url(https://cecg.biz/templates/cleanout/images/handarrow.png), -webkit-linear-gradient(top, #ed1c23 7%,#b10000 100%); /* Chrome10+,Safari5.1+ */
background-image: url(https://cecg.biz/templates/cleanout/images/handarrow.png),-o-linear-gradient(top, #ed1c23 7%,#b10000 100%); /* Opera 11.10+ */
background-image: url(https://cecg.biz/templates/cleanout/images/handarrow.png), -ms-linear-gradient(top, #ed1c23 7%,#b10000 100%); /* IE10+ */
background-image: url(https://cecg.biz/templates/cleanout/images/handarrow.png), linear-gradient(to bottom, #ed1c23 7%,#b10000 100%); /* W3C */
filter: progid:DXImageTransform.Microsoft.gradient( startColorstr='#ed1c23', endColorstr='#b10000',GradientType=0 ); /* IE6-9 */ }
.bigbutton:hover { background: #ed1c23 url(https://cecg.biz/templates/cleanout/images/handarrow.png) no-repeat right 11px !important;}
#s5_socialicons {position:fixed;}
#subMenusContainer, #s5_drop_down_container {position:fixed !important;}
#s5_header_area2, #s5_header_wrap, #s5_top_row1_area1 {position:fixed;}
/*]]>*/
</style>
</head>
<body id="s5_body">
<div id="s5_scrolltotop"></div><!-- Top Vertex Calls -->
<!-- Call top bar for mobile devices if layout is responsive --><!-- s5_responsive_mobile_top_bar_spacer must be called to keep a space at the top of the page since s5_responsive_mobile_top_bar_wrap is position absolute. -->
<div id="s5_responsive_mobile_top_bar_spacer"></div><!-- s5_responsive_mobile_top_bar_wrap must be called off the page and not with display:none or it will cause issues with the togglers. -->
<div id="s5_responsive_mobile_top_bar_wrap" style="margin-top:-50000px;position:absolute;z-index:20;top:0px">
<div id="s5_responsive_mobile_top_bar" class="s5_responsive_mobile_bar_light">
<div id="s5_responsive_mobile_toggle_click_menu" style="display:block;float:left"></div>
<div id="s5_responsive_mobile_bar_active">
<span>Bitcoin?</span>
</div>
<div id="s5_responsive_mobile_toggle_click_login" style="display:none;float:right"></div>
<div id="s5_responsive_mobile_toggle_click_register" style="display:none;float:right"></div>
<div id="s5_responsive_mobile_toggle_click_search" style="display:block;float:right"></div>
<div style="clear:both;height:0px"></div>
</div>
<div id="s5_responsive_modile_drop_down_wrap" class="s5_responsive_modile_drop_down_wrap_loading">
<div id="s5_responsive_mobile_drop_down_menu">
<div class="s5_responsive_mobile_drop_down_inner" style="-webkit-box-shadow: 0px 0px 16px rgba(0, 0, 0, 0.6);-moz-box-shadow: 0px 0px 16px rgba(0, 0, 0, 0.6);box-shadow: 0px 0px 16px rgba(0, 0, 0, 0.6);">
<ul class="menu">
<li class="item-home">
<a href="/">Home</a>
</li>
<li class="item-bitcoin current active">
<a href="/bitcoin">Bitcoin?</a>
</li>
<li class="item-why">
<a href="/why">Why?</a>
</li>
<li class="item-how">
<a href="/how">How?</a>
</li>
<li class="item-who">
<a href="/who">Who?</a>
</li>
<li class="item-projects">
<a href="/projects">Projects</a>
</li>
</ul>
</div>
</div>
<div id="s5_responsive_mobile_drop_down_search">
<div class="s5_responsive_mobile_drop_down_inner" style="-webkit-box-shadow: 0px 0px 16px rgba(0, 0, 0, 0.6);-moz-box-shadow: 0px 0px 16px rgba(0, 0, 0, 0.6);box-shadow: 0px 0px 16px rgba(0, 0, 0, 0.6);">
<form method="post" action="https://cecg.biz/">
<input type="text" onfocus="if (this.value=='Search...') this.value='';" onblur="if (this.value=='') this.value='Search...';" value="Search..." id="s5_responsive_mobile_search" name="searchword"/> <input type="hidden" value="search" name="task"/> <input type="hidden" value="com_search" name="option"/> <input type="hidden" value="1" name="Itemid"/>
</form>
</div>
</div>
<div id="s5_responsive_mobile_drop_down_login">
<div class="s5_responsive_mobile_drop_down_inner" id="s5_responsive_mobile_drop_down_login_inner" style="-webkit-box-shadow: 0px 0px 16px rgba(0, 0, 0, 0.6);-moz-box-shadow: 0px 0px 16px rgba(0, 0, 0, 0.6);box-shadow: 0px 0px 16px rgba(0, 0, 0, 0.6);"></div>
</div>
<div id="s5_responsive_mobile_drop_down_register">
<div class="s5_responsive_mobile_drop_down_inner" id="s5_responsive_mobile_drop_down_register_inner" style="-webkit-box-shadow: 0px 0px 16px rgba(0, 0, 0, 0.6);-moz-box-shadow: 0px 0px 16px rgba(0, 0, 0, 0.6);box-shadow: 0px 0px 16px rgba(0, 0, 0, 0.6);"></div>
</div>
</div>
</div><script language="JavaScript" type="text/javascript">
//<![CDATA[
var s5_responsive_login_url = "";
var s5_responsive_register_url = "";
//]]>
</script><script type="text/javascript" language="javascript" src="https://cecg.biz/templates/cleanout/js/s5_responsive_mobile_bar.js">
</script><!-- Fixed Tabs --><!-- Drop Down --><!-- Body Padding Div Used For Responsive Spacing -->
<div id="s5_body_padding">
<!-- Header -->
<div id="s5_header_area1"></div>
<div id="s5_header_area2"></div>
<div id="s5_header_wrap">
<div id="s5_header_area_inner" class="s5_wrap">
<img alt="logo" src="https://cecg.biz/templates/cleanout/images/s5_logo.png" id="s5_logo" onclick="window.document.location.href='https://cecg.biz/'"/>
<div id="s5_menu_wrap">
<ul id='s5_nav' class='menu'>
<li>
<span class='s5_level1_span1'><span class='s5_level1_span2'><a href="https://cecg.biz/">Home</a></span></span>
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<div class="contentheading">What is your Bitcoin strategy?</div>
<div style="clear:both"></div>
<p>If you ask most business owners what their Bitcoin strategy is, they will
tell you, "I don't have one. I don't know what that is and I guess I don't
need one." That's the same answer most folks would have given in 1993 if you
asked them them, "What is your internet strategy?" By 1995, every business
had such a strategy, or had come to understood that the future of their
business was grim without one.</p>
<p>You're going to hear the Bitcoin strategy question at some time in the
2013-2014 period. Repeatedly.</p>
<p>That's because Bitcoin is the first decentralised, peer-to-peer currency
based on open source software and cryptography -- a
<strong>cryptocurrency</strong>. As such, it offers tremendous,
as-yet-unrealised advantages over traditional money. Here are a few obvious
ones:</p>
<ul>
<li>Retailers (online or bricks-and-mortar) can accept electronic payments
without paying any fees to banks or credit card companies. If your business
runs on a 5-10% profit margin, just do the math. Then, to your calculation
that Bitcoin transactions are irreversible, meaning that once you receive a
Bitcoin payment it cannot be reversed or charged back by anyone,
ever.
<br/><strong>How does that sound?<br/><br/></strong></li>
</ul>
<ul>
<li>Your customers from other parts of the world can pay for your products
and services in Bitcoin without any foreign exchange fees or spreads.
You might want to ask your customers if savings of 5-20% on your
offerings would make you a more attractive vendor.<br/><strong>We think it
would.
<br/><br/></strong></li>
</ul>
<ul>
<li>Web hosting giant WordPress <a
href="http://en.blog.wordpress.com/2012/11/15/pay-another-way-bitcoin/">reports</a>
that there are 60 countries in the world where people are monetarily
oppressed by the global banking system and, therefore, could not use
Wordpress's services before the company began accepting Bitcoin.
<br/><strong>Now, they all can.
<br/><br/></strong></li>
</ul>
<ul>
<li>If you're a retailer selling products from Cuba such as rum or cigars
and taking digital payments for them, you run a significant risk of having
your <em>entire</em> means of accepting digital payments shut down by global
payment providers enforcing US law on you, even though you are outside the
United States.<br/><strong>You won't have to worry about that any
more.
<br/><br/></strong></li>
</ul>
<ul>
<li>Many people might like to donate to your NGO, charity or other
non-profit organisation, but worry that you won't spend the money the way
you promise to, or that you will spend far too much on executive salaries
and luxuries. With Bitcoin, it is possible to set up a completely
transparent accounting system that <em>anyone</em> can audit. Every donation
and every expenditure publicly known.<br/><strong>Those folks won't worry
any more.</strong>
<br/><br/></li>
</ul>
<ul>
<li>Do you have a business idea that requires micropayments (which are
really only theoretically possible at this point), but which is completely
impractical due to transaction fees?<br/><strong>Your time has
come.
<br/></strong></li>
</ul>
<p>But, these ground-breaking new possibilities are just the beginning of
the opportunities Bitcoin is opening up for the early
adopter.<br/><br/>
Bitcoin is the only money that can actually realize such
ideas as the 'information society' or 'globalised economy' in ways which
both allow and depend on the free, global flow of transactions -- not
subject to any particular individual or group's likes or dislikes, and
without paying dead-weight fees to any middlemen.<br/><br/>
Just as the
internet and email were the future of information and personal
communications back in 1990, when nobody had an internet-strategy, Bitcoin
is the medium for digital financial transactions in our immediate
future.<br/><br/>
So, when someone asks you about your Bitcoin strategy and
you wonder how Bitcoin can give your business advantage or turn your idea
into reality, we warmly invite you to contact us.</p>
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