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The GoTo Site for all things Bitcoin in Beautiful Vancouver British Columbia Canada

WILL BITCOINS CHANGE THE WAY WE BUY RAP MUSIC?

WILL BITCOINS CHANGE THE WAY WE BUY RAP MUSIC?

Will Bitcoins Change The Way We Buy Rap Music?
 

Bitcoin has been a trending topic around the world the past few weeks, exponentially increasing its popularity as a currency. How will these new popular digital dollars affect the music industry, especially rap music? When I set out to write this article I didn’t have an answer for that question, so I began my research.

 

For those who aren’t familiar with BitCoin, it is a digital currency referred to as a “cryptocurrency” because it is decentralized and uses cryptography to prevent double-spending. Users can send micropayments anonymously to one another from their cell phone or computer much like cash. Created by mathematician Satoshi NakamotoBitcoins were popularized by those in the underground, the new currency quickly gained traction amongst shady characters and websites like Silk Road, which was recently shut down for operating illegally. In the past few weeks, BitCoin has seen an influx of mainstream media attention, growing to its highest value ever currently set at $212.11 USD for 1 Bitcoin or BTC. Just days ago, I purchased my first BTCat $198.00 and have already seen profit on my investment. There is no doubt the currency is hot and now more than ever corporations are looking for ways to accept Bitcoins. Innovation has been driving Bitcoin‘s popularity as people look for an anonymous way to send payments to one another just like cash via their digital devices. Unlike Paypal or online banking the transactions are not linked to a name or bank account.

 
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This entry was posted on November 2, 2013 by and tagged .

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bitcoinvancouver2013@gmail.com

bitcoinvancouver2013@gmail.com

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