How to Participate in the Bitcoin Economy4498784
The Bitcoin economy is increasing at a fast price, as more and much more startups enter the sphere and attempt to provide conventional services but using 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 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 will have the chance to be one of the leaders. Businesses that operate in the current Bitcoin economy also enjoy a free publicity of their business within the Bitcoin neighborhood. Every thing from gyft that accepts Bitcoins to purchase shop 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 advantages of being part of the Bitcoin community should also be obvious - literally zero transaction charges for trans-continental money transfers, immediate transfer of money without any third-party delays and ability to reach everybody 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 a lot of good opportunities to promote your business to the Bitcoin audience via 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 both 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 nonetheless not perfect and there are arbitrage opportunities through exchanges and goods and services.
Becoming part of the Bitcoin economy at this exciting stage should prove highly beneficial to your business as well. You'll be able to reach an audience that would otherwise be very hard to woo - the individuals at the technological forefronts of our society.
