How to Participate in the Bitcoin Economy1074447
The Bitcoin economy is increasing at a rapid rate, as much more and more startups enter the sphere and attempt to offer traditional services but using Bitcoins. You have every thing from a marketplace of books aka Amazon style but only in Bitcoins to advertising platforms similar to Google AdSense but in the Bitcoin economy. As Bitcoin goes much more mainstream, these are only going to improve in number and scope, thus presenting a wonderful chance to get on board with this at an early stage.
The big benefit of getting into the Bitcoin economy now is that you will get in on this technology at the 'innovator stage' and you'll have the chance to be one of the leaders. Companies that operate in the current Bitcoin economy also appreciate a free publicity of their business within the Bitcoin neighborhood. Every thing from gyft that accepts Bitcoins to purchase store gift cards to EVR bar that became popular in the highly competitive bar and lounge scene in New York by accepting Bitcoin as payment currency for drinks.
The advantages of being part of the Bitcoin neighborhood should also be apparent - actually zero transaction fees for trans-continental money transfers, instant transfer of money without any third-party delays and ability to reach everyone on the planet who has access to the internet.
The micro Bitcoin economy is currently flourishing. Now you can do the traditional micro-tasks from agencies such as CrowdFlower on the Bitcoin platform and earn your first Bitcoins that way. If you are a business, there are plenty of great opportunities to promote your business to the Bitcoin audience via services like Coin URL.
On a personal finance front, it is very best to maintain a safe wallet online at one of the trusted wallet services and then start earning some small amounts of Bitcoin just to get a feel for how this economy functions and how you can leverage this. If you have access to each fiat and Bitcoin in a liquid market, there are plenty of opportunities where you can spend in one and obtain in the other to get the most out of your business. The market is still not ideal and there are arbitrage opportunities through exchanges and goods and services.
Being part of the Bitcoin economy at this exciting stage should prove extremely beneficial to your business as nicely. You'll be in a position to attain an audience that would otherwise be extremely hard to woo - the people at the technological forefronts of our society.
