Bitcoin is an “opt in” community currency, here’s how you can get it at a discount

Bitcoin is a currency used by a community of individuals and businesses. It is used to facilitate the trade of goods and services. It is private, irreversible and transfers are virtually instantaneous – whether they are across the room or across the globe.

Bitcoin has all of the characteristics of a quality medium of exchange. It is accepted on a voluntary basis and there are over 45 million dollars worth already in circulation.

Bitcoin is basically an “opt in” currency. You have to “opt in” if you wish to accept it. How do you opt in? Simply let it be known that you will accept it as payment.

When you offer your goods and services in exchange for bitcoin you are essentially acquiring bitcoin at your “cost of goods”. For example: if the cost of your goods or services is half of your retail price, then you are essentially acquiring bitcoin at a 50% discount.

Are you interested in more business? If you decide to accept bitcoin as another payment option for your products and services you will open up your business to a whole new market of potential customers. By listing your products and services in the bitcoin wiki you will get free advertising that is yours for the taking.

To summarize, if you would like more business why not “opt in” and join us in the bitcoin community?

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3 Responses to Bitcoin is an “opt in” community currency, here’s how you can get it at a discount

  1. Pingback: Bitcoin is an “opt in” community currency, here's how you can get it … | BitJack21 Blog

  2. Jct: My simple personal do-it-myself http://www.facebook.com/john.turmel?sk=info UNILETS timebank could be copied by anyone and be a better model than Bitcoins. http://johnturmel.com/uniset.htm shows you how. Bitcoins are based on nothing, timebank IOUs are based on your neighbor’s labor. I think Bitcoin’s celebrity with the Mainstream Media is to help it be a big flop and to give local currencies a bad name or even more, get them banned after the Bitcoin crash.

  3. Pingback: Mises’ Regression Theorem is Wrong | Economics and Liberty

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