Bitcoin, LiteCoin, DogeCoin and other Virtual Currencies

Are these the currency of the future?

While we have definitely seen that Bitcoin can be used for both noble and nefarious purposes, it’s hard to argue that they don’t have their place, and they certainly aren’t going away.

How can I get in? Where do I store these virtual “coins”.

That’s a little tricky.. the Payment Processors are getting a lot of pressure from major credit card companies because Bitcoin doesn’t charge the outrageous transactions fees and so it’s a threat to their business model. So far CoinBase has a very good reputation as being a safe place to store your Bitcoin should you not want to do it on your local machine. Holding them on your local machine comes with it own set of risks, which you can find about in detail by googling about wallet encryption.

Other ways to get in?

Do you play Texas Holdem Poker or Gamble? You can actually Gamble for Bitcoin. Check out http://www.bitcoinpoker.net/ for a list of sites where you can risk your bitcoin and play a variety of casino type games (at least until the Nevada Gaming Commission gets ahold of them).

Any Other Opportunities?

Bitcoin Venture Capital is a website that allows people who mine bitcoin and have bitcoin investments to use those investments to drive the development of Web Applications. Got an idea for a web application but don’t know how to hire programmers? Let Bitcoin Venture Capital handle the Project Management for you and help transform your vision into a marketable product that’s generating a return on investment.

Leave a Reply

Your email address will not be published. Required fields are marked *