Ever since it first appeared back in 2009 the bitcoin has had a hard time winning both the hearts and the minds of most of the general population. Whether it is because of a lack of marketing or understanding of the bitcoin most experts agree that something has to be done to win over members of the public before it is too late.
With an ever increasing number of big conferences appearing throughout the US most of these conferences are generally packed full of bitcoin enthusiasts and experts that either chat about the weird and wonderful ways that they are able to complete transactions using their bitcoins or complain about privacy and the lack of regulations for the cryptocurrency.
Unfortunately, however, with the majority of these conferences either containing programmers, developers or marketers it often leave little room for members of the public who simply want to find somewhere that can help them get a better understanding of how bitcoin or cryptocurrency in general works.
Many people feel that the thing the conferences seem to be missing is that for bitcoin to gain popularity and become more mainstream there needs to be a way for people to learn how bitcoins work in a non-technical way that is easy to understand.
For many simply knowing that a Bitcoin is a digital form of currency that is not regulated and which allows users to use the internet to make payments, store funds and also track their payments is enough to get them started. Because there is not government or centralized bank control of the bitcoin the currency itself is created through a network of privately owned PCs throughout the world using a system called ‘mining’.
Other bits of information that have been gleaned from the various conferences that have been set up throughout the US include that fact that the creation of the bitcoin has set a new standard for digital currency that has led to the creation of a range of other cryptocurrencies including the litecoin, dogecoin, darkcoin and even the Frankocoin.
Also, the term deregulated actually relates to any businesses that use cryptocurrencies like bitcoin and these businesses are often referred to as ‘projects’ and are unincorporated companies. This means that any employees of a companies that pay their staff in bitcoins often don’t pay tax, although when they turn their bitcoins into regular currency they are required to pay capital gains tax.
There is also a new bitcoin system now available called Bitcoin 2.0 which not only allows its users to transfer bitcoins but also provides a system that allows them to share things like business documents, real estate document and possibly a variety of other legal documentation depending on how involved the government become in the use of the new system.
For those that want to make use of their bitcoins rather than just selling them there are also a number of other companies now appearing that also allow customers to use bitcoins in order to use their services including Storj, which provides a decentralised way for businesses to operate and Bitshares, which offers services like BitSharesX and BitSharesMusic.