How to Participate in the Bitcoin Economy2554072
The Bitcoin economy is increasing at a fast rate, as much more and more startups enter the sphere and attempt to offer traditional services but utilizing Bitcoins. You have everything 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 increase 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'll 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 present Bitcoin economy also enjoy a free publicity of their business within the Bitcoin community. Every thing from gyft that accepts Bitcoins to purchase shop 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 benefits of becoming part of the Bitcoin community should also be obvious - actually zero transaction charges for trans-continental money transfers, immediate transfer of money with out any third-party delays and capability to reach everybody on the planet who has access to the internet.
The micro Bitcoin economy is already 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're a business, there are plenty of great opportunities to advertise your business to the Bitcoin audience through services like Coin URL.
On a personal finance front, it is best to keep a safe wallet online at one of the trusted wallet services and then start earning some small amounts of Bitcoin just to get a really 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 a lot of opportunities where you can pay in one and obtain in the other to get the most out of your business. The market is still not perfect and there are arbitrage opportunities via exchanges and goods and services.
Becoming part of the Bitcoin economy at this thrilling stage should prove extremely advantageous to your business as nicely. You'll be able to reach an audience that would otherwise be very hard to woo - the people at the technological forefronts of our society.
