How to make a BitCoin payment using an online wallet service like MyBitcoin.com (failed), Instawallet.org or our current favorite Blockchain.info. BitCoin is one of the best way to make payments online. Plus, there are tremendous amounts of privacy, low fees and no counterparty risk like with a bank. Plus, transactions are cleared extremely quickly.
There have been many changes and advancements with Bitcoin since this video. There have also been setbacks like the failure of MyBitcoin (mentioned in the video). For these reasons we put together the Free Bitcoin Guide and keep it up to date with the latest and most useful information for using Bitcoin safely and securely.
Another problem is what if you use the Internet from the location of your ghost address. Then any websites you visit, which may know your identity like a banking or credit card site, have a log of your IP address. The solution is to use a VPN. But what if the credit card identity is link to the payment for the VPN? Then the solution is to use an anonymous payment mechanism for the VPN.
Therefore, there is good reason to never trust a VPN unless they accept bitcoins for payment. For this reason we recommend Private Internet Access. This lets you search the Internet in greatly increased privacy.