Why Retire in the Philippines/Marinduque Vacations: Have You Heard of Bitcoins?

Planning to Retire Soon!

If you are planning to retire in the Philippines soon, I suggest you visit several excellent websites on pro's and cons of retiring in the Philippines. However if you want to retire in the provinces, where life is simple, standard of living cheaper, less traffic congestion and pollution, availability of fresh seafood and vegetables compared to the big cities, my island province is the place for you! If this is your first time in my site, welcome. Some of the photos and videos on this site, I do not own. However, I have no intention on the infringement of your copyrights. The photo above is the front yard of Chateau Du Mer- Our Retirement Home in Boac, Marinduque, Philippines

Saturday, January 18, 2014

Have You Heard of Bitcoins?

I was watching the local news on TV the other day. One news item that attracted my attention was the word bitcoins. The news stated that the Kings Basketball tickets could now be purchased using bitcoins. That was the first time I heard of the word. So what is a bit coin? Here's what is in the Wikipedia.

"Bitcoin is a peer-to-peer payment system and digital currency introduced as open source software in 2009 by pseudonymous developer Satoshi Nakamoto. It is a cryptocurrency, so-called because it uses cryptography to control the creation and transfer of money. Users send payments by broadcasting digitally signed messages to the network. Participants known as miners verify and time stamp transactions into a shared public database called the block chain, for which they are rewarded with transaction fees and newly minted bitcoins. Conventionally "Bitcoin" capitalized refers to the technology and network whereas "bitcoins" lowercase refers to the currency itself. Bitcoins can be obtained by mining or in exchange for products, services, or other currencies.

Bitcoin has been a subject of scrutiny due to ties with illicit activity. In 2013 the FBI shut down the Silk Road online black market and seized 144,000 bitcoins worth US$28.5 million at the time. The United States, however, is currently considered to be Bitcoin friendly compared to other governments. In China, new rules restricted bitcoin exchange for local currency, and the European Banking Authority has warned that Bitcoin lacks consumer protections. Bitcoins can be stolen, and chargebacks are impossible.

Commercial use of Bitcoin, illicit or otherwise, is currently small compared to its use by speculators, which has fueled price volatility. Bitcoin as a form of payment for products and services has seen growth, however, and merchants have an incentive to accept the currency because transaction fees are lower than the 2–3% typically imposed by credit card processors".

Now that you know the word bitcoins, are you ready to start mining? If you are, read first www.startbitcoin.com

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Fruit Trees in the Gardens of Chateau Du Mer

The Mango Tree-I have three varieties in my Garden-The Indian, Guimaras and Carabao Mangoes My caretaker/gardener informed me last month that due to the El Nino drought in Marinduque, two of my Durian trees died in spite of his vigilant watering. One of the tree was attacked by insects that looks like a big fly but yellowish in color that sucks the sap of the seedling. The roots of the other tree was attacked by ants residing in the soil. However, my other fruit trees, the rambutans( 2), the lanzones(2) and the jack fruits ( 2) trees are doing well. The above eight fruit trees were given to me by Retired General Recaredo Sarmiento of Boac and Lucena., about three years ago. General Sarmiento is the “atid” of my wife. “Atid” is the colloquial term for brother. Evidently, Macrine's father, the late Bernardo Jambalos was the Godfather of General Sarmiento during his baptism and comfirmation. Gen Sarmiento's hobby is orchard planting, reforestation and farming. The other fruit trees in my garden are guayabanos, cashew, avocados, starapples, duhats, ates, guavas, mangoes( 3 varieties) and papayas as well as several varieties of bananas . Of the above fruit trees, my favorite is the guayabanos, also known as soursop tree known for its anti-tumor and anti-cancer properties . The following are photos of the fruit trees. The Durian photo is from the web. Note that it almost look like a jack fruit tree, except that the leaves are bigger and shiny. My desire is to have a passion fruit tree in the near future. You are welcome to visit my orchard and flower gardens any time, if perchance you are in the vicinity of The Chateau Du Mer Beach Resort and Conference Center.

The Rambutan Tree and Fruits

The Lanzone Tree and Fruits

The Jack Fruit Tree

The Durian Fruit Tree