One of the things you have to keep in mind when it comes to earning Bitcoin is that there is no way to get rich quick with digital currency. No matter how you want to look at it, Bitcoin is a form of money, and getting a lot of money, through legal means, by not investing any funds into doing so, is not easy and, initally, can prove to be rather tedious. But that doesn’t mean you shouldn’t get started right now!
People around the world want to use Bitcoin for all kinds of purposes, whether it is doing good by donating to charity, paying their bills or even booking a hotel. One of the beautiful aspects of Bitcoin, is it offers nearly unlimited possibilities, once we can get merchants and retailers to accept it as a payment method. The Dorchester Collection, a world-renowned hotel chain, has launched their new store which now accepts Bitcoin payments.
Bitcoin is not just an easy and convenient way for retailers to accept digital payments, but it could prove to be a valuable source of income for individuals and freelancers as well. Abigail Scarlett is a London-based photographer and a firm believer of the potential presented by Bitcoin as both a currency and a technology. Therefore, she is launching a unique initiative for the next six months.
London’s First Bitcoin-only Photographer
Having a passion for Bitcoin is a bonus when you start exploring the impact it can have on your financial situation. We have seen both businesses and individuals start accepting Bitcoin payments for goods and services provided, so it was only a matter of time until freelancers and journalists started exploring this option as well.
In our previous article on how you earn your first [piece of a] Bitcoin without investing, we took a closer look at Bitcoin Faucets. While these faucets are a great tool for the novice user, they only offer minimal information on things you should know about Bitcoin. So, why not earn some money and extend your knowledge at the same time, by joining a BitcoinTalk signature campaign?
The Signature Campaign: What, How & When?
Even though Bitcoin has its very own Wikipedia page, it’s not as comprehensive as you would think. Most people prefer to stick to the BitcoinTalk forum in order to remain up-to-date regarding Bitcoin and its technological advancements. However, there is a lot to learn on BitcoinTalk, once you get past the elitist attitude of most of its members and moderators.
There are many ways in which we could gain a lot more mainstream attention for Bitcoin, but it’s hard to find something positive that most media outlets want to cover. After all, bad news sells a lot better than positive news, especially when it comes to Bitcoin, it seems. But what about a live action movie about Bitcoin? One that would show up in theatres?
After our article considering the Masters Degree in Digital Currency – a course offered by the University of Nicosia in Cyprus – a Spanish university is following in its footsteps by offering a Bitcoin course. The University of Alicante, located in the region of San Vicente del Raspeig, is made possible thanks to the help from European Bitcoin company Coinzone.
Bitcoin, la Moneda Virtual
This Bitcoin course offered by the University of Alicante is an online course, which anyone and everyone can follow at their leisure. Do keep in mind there is a limited window during which you can partake in this course, which began on April 14th and runs until April 30th of 2015. Bitcoin, la Moneda Virtual translates to “Bitcoin, the virtual currency”.
Bitcoin technology allows us to experience multiple new aspects of life and is also a great source for other technological innovations, especially where Bitcoin wallets are concerned. There is still a lot of progress to be made in terms of security but what if you could create a Bitcoin wallet out of pure sound? Soundwallet is trying to achieve exactly that.
How Does it Work?
Creating a layer of security out of music is not a straightforward task by any means. Music is played through a spectrograph and is then recorded to be used as the private key for your Bitcoin wallet. As you will know by now, every Bitcoin wallet has two keys; the public key and the private key.
The world of Bitcoin, and digital currency in general, is quite a fascinating one as there are endless possibilities to be found in regards to the technology powering all of this goodness. As a result, people need to be properly educated on digital currency and its aspects which is exactly what the University of Nicosia is trying to do. In fact, they even give you the chance to obtain an MSc in Digital Currency.
I know it has been said multiple times in the past but Bitcoin and other digital currencies are seeing some great success in Asian countries. This is not just because of their positive attitude towards doing business and adopting technologies at an early stage, but also because there are no plans whatsoever to regulate digital currency in Asia and by the look of things, Japan could be a very interesting country for Bitcoin.
In one of our most recent articles, we talked about the fake email that was sent due to a breach of Coinbase’s email servers. A few hours ago, we received additional information regarding this breach which not only targeted Coinbase but also companies such as Uber, Spotify and Foursquare. However, Coinbase was their intended target, as Bitcoin are becoming high-value targets for individuals with malicious intents.
Venturing into the world as a bitcoin owner is a brave move, as there is no guarantee as to whether or not you will gain additional customers in doing so. James Morris & Bob Sayers, owners of Oxford’s Jimbob’s Baguettes, took the plunge in April 2014. But how are they faring a year after they first started to accept Bitcoin payments?
One of the main concerns for a business owner is the number of Bitcoin transactions you will be actively processing in the future. While it is cheap to start accepting Bitcoin payments at any time, you have to wonder whether or not there will be an added benefit to doing so, but, most of all, will you attract new customers or will existing customers switch to this alternative payment method?
More and more people from all aspects of life are starting to see the value of Bitcoin not only as a technology, but also as a currency. As a result of this increase in Bitcoin awareness, more and more small shops and organisations are starting to accept Bitcoin payments. In the state of Washington, we now have the very first doctor accepting Bitcoin payments.
Bitcoin Popularity Increase
The term Bitcoin is being associated with a lot of things these days, ranging from illegal activity and terrorism to charities and money remittance. But when we finally have the ability to use this beloved digital currency for everyday tasks such as grocery shopping or, in this case, paying for the visit to the doctor, the story changes dramatically.
When it comes to earning Bitcoins for the very first time in your life, there are several options to choose from. You can complete a micro-task for Bitcoin, rent out your signature on Bitcoin-related forums, play games on your mobile devices, or just use Bitcoin faucets. And today, I want to tell you all about Bitcoin faucets.
The Bitcoin Faucet: What and How?
Before we begin, there is one thing I want to make clear, no one is going to give away money without expecting something in return, even though most people will see a Bitcoin Faucet as someone giving out money without receiving something in return. That is never the case. Faucets owners always find a way to make money from people visiting their site.
In a recent interview between Overstock.com’s Judd Bagley and our friends over at Digital Currency Council, some interesting bits of information were revealed. It looks like Overstock.com want to offer discounts to people purchasing goods in Bitcoin but, without the proper education and training, that will not happen anytime soon.
Overstock.com & Bitcoin
When Overstock.com announced they would start accepting Bitcoin last year, there was so much excitement and buzz surrounding our beloved digital currency. Many people saw this announcement as a “vote of confidence” to take Bitcoin adoption and awareness to higher levels; something we have all been craving for so badly.
One way to get Bitcoin in the hands of more everyday users is by embedding some form of Bitcoin reward in mobile games. As mobile games are played more than ever these days – and even overtaking gaming on both consoles and PC’s – this is a proven way to get an idea stuck in people’s minds. People who own an iOS device have the SaruTobi game but what about us Android users?
Phishing emails are nothing new in the world of Bitcoin and can usually be identified with relative ease. In the case of Coinbase, however, their outgoing email server got hacked and someone managed to send an email originating from an actual Coinbase email address. This just goes to show that every aspect of your business – Bitcoin-related or not – is important, even something as mundane as email servers.
Bitcoin can be used to buy and sell many goods and services, regardless of where you or your customer are in the world. Borderless payments have never been easy until today, and the low transaction fees make Bitcoin an interesting alternative payment method. And it was really only a matter of time until the first pet store started accepting Bitcoin payments.
CryptoPet – Over 3,000 Pet products for Bitcoin
If you have ever owned a pet, you will know that you get attached to these little devils very quickly and as you watch them grow and mature, they go through a lot of phases in which their toys take a beating. Similar to raising a child, being a pet owner is a full-time engagement that offers great rewards.
Changetip is one of those unique Bitcoin services everyone learns to love over time. Even though the platform offers a ton of functionality and integration out of the box, that moment when you send or receive your first Bitcoin tip is truly amazing. But what about user privacy, a matter near and dear to all our hearts?
ChangeTip’s Privacy Options
Bitcoin offers a certain level of anonymity and user privacy, a trait many of us enjoy on a regular basis. By being so different compared to more traditional media, Bitcoin has all the right tools to disrupt the current financial infrastructure. But it goes beyond so much more than that, as tipping content creators in Bitcoin is not only beneficial to the tipper, but also the person receiving the love.
One of the questions that arise when it comes to Bitcoin is whether or not it can be used to launder money. According to mainstream media, Bitcoin is regularly associated with money laundering practices, pyramid schemes, and even terrorism. But can you actually use Bitcoin to launder cash by using a Bitcoin ATM?
The Short Answer: No
Let’s be brutally honest for a moment here: you can sue fiat currency to buy Bitcoin at any Bitcoin ATM, up to a certain limit. However, this limit is so low that it becomes unattractive to try even and launder cash through one of these ATM’s, as you will run into verification procedures sooner or later. And who wants to visit at least twenty or thirty ATM’s in rapid succession to launder less than US$20,000?
There are so many places where you can easily spend your Bitcoin to buy the items or services you need, as long as you know where to look. One of the things we do here at DigitalMoneyTimes is educate people on Bitcoin, why it is important and how they can properly use it. Up next in our list of places to spend Bitcoin is All4BTC.
All4BTC – German Gründlichkeit for Bitcoin Shoppers
The best part about All4BTC is that, just like the name suggests, it lets you purchase anything in the world with Bitcoin. There is just one prerequisite though – your address needs to be eligible for having the item shipped directly to your house, as All4BTC does not offer drop shipping or package forwarding services.