How to Participate in the Bitcoin Economy9262005
The Bitcoin economy is growing at a rapid rate, as much more and more startups enter the sphere and attempt to offer conventional 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 improve in number and scope, thus presenting a wonderful opportunity to get on board with this at an early stage.
The big benefit of entering the Bitcoin economy now is that you'll get in on this technology at the 'innovator stage' and you will have the opportunity to be one of the leaders. Companies that operate in the present Bitcoin economy also appreciate a free publicity of their business inside the Bitcoin neighborhood. Every thing from gyft that accepts Bitcoins to buy store gift cards to EVR bar that became well-liked in the highly competitive bar and lounge scene in New York by accepting Bitcoin as payment currency for drinks.
The advantages of being component of the Bitcoin community should also be apparent - literally zero transaction fees for trans-continental money transfers, instant transfer of money with out any third-party delays and capability to reach everyone on the planet who has access to the internet.
The micro Bitcoin economy is already flourishing. Now you can do the conventional 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 advertise your business to the Bitcoin audience via services like Coin URL.
On a personal finance front, it is best to maintain a secure wallet on-line 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 both fiat and Bitcoin in a liquid market, there are a lot of opportunities where you can spend in one and obtain in the other to get the most out of your business. The market is nonetheless not perfect and there are arbitrage opportunities through exchanges and goods and services.
Being component of the Bitcoin economy at this thrilling stage should prove highly beneficial to your business as well. You will be in a position to reach an audience that would otherwise be extremely hard to woo - the people at the technological forefronts of our society.
