I recently became interested in Bitcoin and decided to become one of the daring entrepreneurs in the field by establishing myself as a credible merchant. After watching several documentaries on Amazon, taking some PluralSight training and reading up on various sites I bravely generated a Bitcoin address using bitaddress.org and printed it out. I was ready for a garage sale.

Unfortunately, the local garage sale community was not so intrepid and declined to spend even a single Satoshi on my junk. In fact, they did not even bother to spend single US cent either. I did, however, manage to spend approximately $3.00 USD worth of BTC performing a test transfer of $1.00 USD worth of BTC to my own Bitcoin address. Excellent! If only I had some venture capital to fund my mostly certain meteoric growth. Oh wait, look! The sidebar now contains a QR encoded Bitcoin address and so does the featured image for this post! How convenient! Feel free to support us with your Bitcoin donations!

All joking aside, Bitcoin and it’s underlying technologies are very interesting and promise to transform the current financial landscape. Stay tuned for a follow up post where I will explain the basic concepts of Bitcoin, the technologies involved and how they work at a high level, and why Bitcoin is something worth understanding.