Bitcoin Cash Reference

 

 

Recently I have heard from a friend that the BrewDog company will be implementing the Bitcoin Cash service into their stores. This is exciting news for many people out there because the world's hottest drinks are starting to get involved with this new form of currency exchange. However, I am very confused about how this works. What does this mean for me? Will I have to jump on the bandwagon and start buying things with my cold cash? What's the big deal?

The BrewDog Company, based out of San Francisco, has applied the use of a toomim reference client (TRIC) to operate their merchant services using bitcoin as the main payment method. Now if you don't know what a toomim reference client is, allow me to explain. A toomim refers to a specific physical device, like a memory card or a smart phone that holds a virtual key. In this case, the key is used to make an offline transaction with your selected online retailer.

You can think of it like this: instead of Bitcoin Cash Reference into your local bar and placing your money on the counter, you transfer it through a touch pad on your smart phone or through a toomim reference client. At the point of transaction, you are not dealing with a physical entity or a business. Instead, you are dealing with your digital brain. Just like the brain waves that enter your body when you go into a deep sleep, your virtual brain waves are converted into a physical form of money known as ECD. If you are using the Internet to purchase goods and services, then you are using a full node or a proof of work system that generates your constant ECD, also known as the bitcoins.

The reason why this is so important to understand is because if you are not using a full node or a proof of work system, then you are leaving yourself open to a major attack known as an attacker who can send you lots of free energy or digital water (the bitcoins). When you are dealing with an attacker, you have to take the time to confirm the transaction before you give the money to the merchant. An attacker can do this in two ways: he can send you lots of unconfirmed chained transactions (which is very bad) or he can send you lots of confirmed transactions, which is really bad. If an attacker gets his hands on all of the confirmed outputs, he could easily control your entire wallet. This is why I warn people not to use the bitcoins as a form of currency and never transmit any amount of money to anyone in the network without going through the various levels of security.

A second major problem with the bitcoins is that while it is great for people who are willing to work on the open source code and build their own network using their own computers, it is useless for regular people who want to use a standard operating platform such as Windows. Even though the bitcoins are very easy to get into, you need to know how to use them on a normal computer so that you do not become dependent on others. You see, the bitcoins work just like digital cash, except instead of having stacks of cash in an offline bank account, you have a digital work that is held by the network until you send it to the network. If you try to use the standard Windows operating system to work with the bitcoins, you will find that you run into all kinds of problems and your computer system will become very unstable.

To sum up, the bitcoins work like a digital cash system where instead of holding large amounts of digital cash, you have work that needs to be completed in order to release the funds. There are no third-party administrators that will take responsibility for the work that needs to be done when you initiate a transaction, and therefore, you run the risk of having your account frozen until the work is complete. The safest solution is for you to use a software bundle that allows you to use the network without having to worry about these complications. I recommend looking for a bundle called "Bitcoin Expatriate" to help you work around any problems that you may encounter.