What is Crypto-currency?
You might find answers to this question using any search engine, but the explanations tend to be dry, filled with technical jargon like “decentralized” and “blockchain,” making them hard to understand and often dull to read. So, here’s a simpler, more straightforward explanation:
What is Cryptocurrency?
Cryptocurrency started in 2009 with Bitcoin, which has now become incredibly valuable—its market cap has surged to around $2 trillion, with each coin worth roughly $109,000. Bitcoin’s value has skyrocketed by over a million times, outperforming nearly all traditional investments because it offers about ten advantages over other forms of money, including gold and silver.
Why is Bitcoin Special?
- Scarcity: Unlike gold, which is mined continuously (about 1.7% increase annually), Bitcoin is capped at 21 million coins. Over time, as people lose access to their wallets, the available supply will effectively shrink, increasing scarcity.
- Counterfeit Resistance: Bitcoin is nearly impossible to counterfeit. Unlike gold or silver, which can be faked, the digital nature and verification process make Bitcoin highly secure.
- Security from Theft: While individuals can be tricked into revealing passwords or transferring coins to scam wallets, the technology itself is highly secure when properly managed.
- Decentralization: Bitcoin isn’t controlled by any single entity. It operates on an open-source program running on countless computers worldwide, making it unstoppable—no one can shut it down or ban transactions.
- Blockchain Integrity: Transactions are recorded on the blockchain, a permanent, unchangeable ledger secured by the network’s consensus—over 51% of computers must agree to any change, making hacking extremely difficult.
- Resilience: Unlike banks or exchanges, Bitcoin itself cannot go bankrupt. It’s akin to owning gold—valuable regardless of banking failures or political turmoil.
- Availability: Crypto markets operate 24/7, unlike traditional banks, and remain accessible even during war or crises.
- Divisibility & Fungibility: Cryptocurrency can be divided into tiny units instantly and freely, unlike physical gold or silver, which require melting or re-coining.
In essence, cryptocurrency is a revolutionary form of money—more modern, more secure, and potentially far better than anything before.
What is TEXITcoin?
TEXITcoin is a new cryptocurrency created by Bobby Gray, founder of the American Open Currency Standard, a project that aimed to bring silver into circulation as money. Bobby designed TEXITcoin to improve upon Bitcoin by addressing some of its shortcomings.
It’s built on a modified version of Litecoin’s code—another blockchain—crafted to have even lower transaction fees. Unlike Bitcoin and Litecoin, TEXITcoin’s mining is permission-based, costing about USD 995 to start, with potential daily earnings of around $4–$5. Its value is rapidly increasing, gaining roughly 40% each month, which means your investment could grow significantly in a short period.
Why Mine TEXITcoin?
- Potential for Growth: It’s currently priced at $1.39 per coin with a market cap of $60 million, making it a top 500 cryptocurrency with huge upside potential.
- Community & Transparency: Over 8,300 people are already mining it, with ongoing daily new members. Details and statistics are publicly available at https://minetxc.com/statistics.
- Earning Opportunities: You can earn more by referring others, expanding the network and increasing your rewards.
How to Get Started with TEXITcoin Mining:
- Create an account on kraken.com or coinbase.com and link your bank account.
- Transfer funds and buy USDC (a stablecoin).
- Wait up to 7 days (depending on location and source) for your funds to become available.
- Sign up at mineTXC.com using Sponsor ID: gogatsby, and provide your accurate mailing address to receive a physical cold storage coin. (https://minetxc.com/sign-up?sponsor=gogatsby)
- Choose “Crypto” as your payment type, then select USDC and the Ethereum network.
- Send USDC from your exchange to your TEXITcoin wallet address.
- Wait for the transaction to complete and start mining.
I am based in Australia and use coinspot.com.au to source my crypto.
Additional Tips:
- Familiarize yourself with buying and trading cryptocurrency.
- Join the official Telegram groups for updates and support.
- If needed, I am happy to assist you over the phone with any step.