How to Participate in the Bitcoin Economy2728796
The Bitcoin economy is growing at a rapid price, as much more and much more startups enter the sphere and attempt to provide 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 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 will 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 community. Everything from gyft that accepts Bitcoins to purchase store gift cards to EVR bar that became well-liked in the extremely competitive bar and lounge scene in New York by accepting Bitcoin as payment currency for drinks.
The benefits of being component of the Bitcoin community should also be obvious - actually zero transaction fees for trans-continental money transfers, instant transfer of money with out any third-party delays and ability to attain everyone 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 a lot of good 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 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 exactly where you can spend 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.
Being component of the Bitcoin economy at this exciting stage should prove extremely beneficial to your business as nicely. You will be able to attain an audience that would otherwise be extremely hard to woo - the people at the technological forefronts of our society.
