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Title: Top 10 Benefits Bitcoin Provides New Users
Source:
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URL Source: http://cointelegraph.com/news/11545 ... its-bitcoin-provides-new-users
Published: Oct 25, 2015
Author: Evander Smart
Post Date: 2015-10-25 18:12:38 by no gnu taxes
Keywords: None
Views: 476
Comments: 3
People who are new to Bitcoin rarely understand it the first time around. They think it is not real money, or only a currency, or just a scam tool for online criminals. The digital currency of bitcoin is only the Bitcoin protocol’s first “app.” Just like email was to the Internet, the currency simply is the best way to bring the new technology to the masses. Just like the Internet is so much more than email, we haven’t even scratched the surface to what Bitcoin is. This list of 10 reasons for someone to get started with Bitcoin should help the new-to-intermediate user of Bitcoin get a better understanding of how Bitcoin and its ecosystem will work in the real world as we go forward. If you are already a Bitcoin veteran, share this list with someone you’d like to introduce to Bitcoin. 1. The world’s easiest bank account to open When you are the bank, accounts are just so easy to open! With Bitcoin, you don’t need a bank or credit. No credit check, ID, age requirement, citizenship papers, or passport are needed to have a Bitcoin wallet or any bitcoin. If you control your money and bank account, you have true economic freedom. Bitcoin gives anyone this option. Your 10-year old child can forget piggy banks (unless it’s bitcoin-powered) and start their own digital empire today! Have your own Bitcoin address, QR code, receive your first deposit, and buy something with bitcoin in less time than it takes to read this article. 2. Appreciate the appreciation Critics of Bitcoin are quick to point out that it has lost hundreds of dollars in value since Mt. Gox. What they leave out of their assessment is that five years ago it was worth one American nickel and has appreciated thousands of percent in value in just over six years. Name any other currency or commodity, from gold and silver, to cash or real estate that has increased in value that much since 2009? You can’t, because there has never been a financial option as revolutionary as Bitcoin before. Bitcoin hasn’t even gone mainstream or “viral” yet! Its upside potential, and the limited supply of 21 million total units, creates a truly special investment opportunity. Bitcoin’s value has already increased about 50% since its 2015-low back in mid-January. Bitcoin is so resilient because it is designed to appreciate in value over time, through simple supply and demand, unlike a dollar or euro, which are designed to depreciate in the long-run. 3. Launch your Business idea without the need for bank approval Starting a new business can be very hard, financially. Maybe you are a coder who wants to make a great “app” but have no money or credit. Within minutes, get a QR code, post it on your Facebook or Twitter and drum up grassroots support for the next great business idea. Whether it’s a way to process microtransactions quickly and easily, a new crowdfunding platform or a partnership with your lawyer friend to do bitcoin escrow management, no credit check or bank loan is required. Offer a product or service, something of value, in exchange for Bitcoin. This is the fastest and easiest way to get started with Bitcoin. It’s not about changing dollars to cryptocurrency. Instead, build the Bitcoin community, and start new economic activity within Bitcoin’s ecosystem. And it allows you to “opt-out” of the status quo, philosophically. 4. Quickly gain access to the rest of the digital currencies or altcoins Bitcoin is a multi-billion dollar industry, but that is just part of the digital currency world. There are hundreds of millions invested in “altcoins” as well. In order to enter the altcoin market, and experience all the features digital currency has to offer, you’ll need some bitcoin. Bitcoin is to digital currency what the U.S. Dollar is to fiat currency worldwide. It is needed as a liquid asset to move and convert easily between different currencies. Going from a fiat currency straight to Litecoin would be much more difficult than converting bitcoin to litecoin using an instant online service like Shapeshift. Bitcoin may not be the best currency for all situations, and something less valuable, and with quicker transaction times may be more desirable as an alternative in the future. Just like you wouldn’t use a US$100 bill to buy a slice of pizza or leave a tip, smaller altcoins could have more and more real-world value as well as their own specific niches. They will be used more as transactional currencies in the future, as bitcoin continues to grow in value, and fresh supplies dwindle.
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#1. To: All (#0)
Can I buy a slurpee at 7-11 with bitcoins?
Obama has played at being a president while enjoying the perks … golf, insanely expensive vacations at tax-payer expense. He has ignored the responsibilities of the job; no plans, no budgets, no alternatives … just finger pointing; making him a complete failure as a president
I thought Bitcoin went under?
#2. To: no gnu taxes (#1)
Can I buy a slurpee at 7-11
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
#3. To: no gnu taxes (#0)
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