From our Bitcoin, is there anything you can't do? department.
1. The world’s easiest bank account to open
That would be Pirateat40's Bitcoin Savings & Trust.
2. Appreciate the appreciation
Critics of Bitcoin are quick to point out that it has lost hundreds of dollars in value since Mt. Gox ...
...and while Bitcoin prices have tumbled over the past two years, it's worth noting that 1BTC is still worth more than nothing, its price 6 years ago.
3. Launch your Business idea without the need for bank approval
Starting a new business can be very hard, financially.
Because banks actually want a coherent business plan, not wanting to lend you money for a business that's sure to fail. Not so with bitcoiners. They'll even give you money to start a bank of your very own.
4. Quickly gain access to the rest of the digital currencies or altcoins
So you can lose money even faster.
6. Two words: Bitcoin IPOs!
These are starting to become a new bitcoin financing option.
One word: RUN!!!
Bitcoin IPOs have been around forever. 99% failure/fraud rate.
7. Programmable money has its advantages over fiat currencies
Having a truly digital currency means you can do many things a dollar simply can’t do. For example, you can have a family wallet with pre-set spending limits.
Possible with digital currencies? Sure. Possible now, with Bitcoin? No.
8. ‘Smart contracts’ provide many business options
Every day, many people worldwide use a version of the “smart contract” and don’t even know it. ... Nick Szabo coined thisconcept word back in 1997.
That's why.
8. Crowdfund your business or project even in the most remote area
What if you’re in an impoverished, 3rd-world nation? You don’t live near a metropolitan city. You live 30-50-100 miles from the nearest bank. You don’t own a car. Your local dirt road is flooded out by rain 3-4 days a week.
Then you (and your equally broke neighbor) just whip out your iPhones with unlimited internet, and ...and start a Bitcoin exchange. Or start selling mud from your muddy road, which you can't ship because you just dug up the road, the only avenue of egress from your impoverished hovel. Or something.
9. Don’t like your government or central banking system? Bitcoin makes a financial and political statement
Maybe you or someone you know is the type of person that hates being controlled, financially or otherwise.
Or how about you just grab a Che Guevara T-shirt at Hot Topic & not pay? Simpler and edgier, Wild One!
10. Bitcoin’s speed makes a wire transfer seem like a steam ship
Have you ever tried to take more than US$10k out of a bank?
No. I keep my hookers and blow purchases in the sub-$10k range. For everything else, there's MasterCard.
The Internet started out just like this
Yes, that's 11, and no, no it didn't. Most MLM and ponzi shemes did, but Internet? No.
That would be Pirateat40's Bitcoin Savings & Trust.
2. Appreciate the appreciation
Critics of Bitcoin are quick to point out that it has lost hundreds of dollars in value since Mt. Gox ...
...and while Bitcoin prices have tumbled over the past two years, it's worth noting that 1BTC is still worth more than nothing, its price 6 years ago.
3. Launch your Business idea without the need for bank approval
Starting a new business can be very hard, financially.
Because banks actually want a coherent business plan, not wanting to lend you money for a business that's sure to fail. Not so with bitcoiners. They'll even give you money to start a bank of your very own.
4. Quickly gain access to the rest of the digital currencies or altcoins
So you can lose money even faster.
6. Two words: Bitcoin IPOs!
These are starting to become a new bitcoin financing option.
One word: RUN!!!
Bitcoin IPOs have been around forever. 99% failure/fraud rate.
7. Programmable money has its advantages over fiat currencies
Having a truly digital currency means you can do many things a dollar simply can’t do. For example, you can have a family wallet with pre-set spending limits.
Possible with digital currencies? Sure. Possible now, with Bitcoin? No.
8. ‘Smart contracts’ provide many business options
Every day, many people worldwide use a version of the “smart contract” and don’t even know it. ... Nick Szabo coined this
That's why.
8. Crowdfund your business or project even in the most remote area
What if you’re in an impoverished, 3rd-world nation? You don’t live near a metropolitan city. You live 30-50-100 miles from the nearest bank. You don’t own a car. Your local dirt road is flooded out by rain 3-4 days a week.
Then you (and your equally broke neighbor) just whip out your iPhones with unlimited internet, and ...and start a Bitcoin exchange. Or start selling mud from your muddy road, which you can't ship because you just dug up the road, the only avenue of egress from your impoverished hovel. Or something.
9. Don’t like your government or central banking system? Bitcoin makes a financial and political statement
Maybe you or someone you know is the type of person that hates being controlled, financially or otherwise.
Or how about you just grab a Che Guevara T-shirt at Hot Topic & not pay? Simpler and edgier, Wild One!
10. Bitcoin’s speed makes a wire transfer seem like a steam ship
Have you ever tried to take more than US$10k out of a bank?
No. I keep my hookers and blow purchases in the sub-$10k range. For everything else, there's MasterCard.
The Internet started out just like this
Yes, that's 11, and no, no it didn't. Most MLM and ponzi shemes did, but Internet? No.
