How the Bitcoin Update Affects Your Finances and Privacy
All this is to say that Bitcoin appears to be here to stay, despite its occasional instability. It also means that for some, it could represent a multi-purpose tool. For example, those who want to invest in Bitcoins can use some of this investment in order to pay for things privately and securely in a way that’s more independent and harder to track. In other words, you can accomplish multiple goals by working with just one thing, namely Bitcoins.
Plus, you’d be surprised how useful this is since there are more places where Bitcoins can bail you out then it might seem like initially. For example, some countries have bans on certain types of products and services. This isn’t to say that the product or service is illegal, just that traditional ways of paying for these services may be just about impossible to pay for because all the major credit card companies cave to pressure from governments or other institutions to not allow people from their country to use these common credit cards to pay.
This includes products like medication that has been reviewed as being OK by most countries in the world but banned by a few, for example. It can also include various kinds of services like Virtual Private Networks for privacy. Bitcoin can make paying for these products or services possible logistically when it wouldn’t have been otherwise.
But this isn’t necessarily limited just to items that are controversial. When you rely on credit cards and banks, they are often directly beholden to government control. As long as you are in a country that doesn’t try to limit what you want to do, this is obviously a new problem. But some countries may restrict your Internet freedom.
They may prevent you from getting hosting from the companies you want to use, whether this is Orangewebsite or any other for no other reason than the company isn’t approved by your country of origin or any number of other unfair reasons.
So, the news of Bitcoin having the occasional surge and continuing to survive despite all naysayers that predict its doom over and over indicates that there may be enough faith in Bitcoin that more and more websites will start taking it as a form of payment.
This is good news if you don’t wish to announce your choice for hosting, VPN, medication, or anything else that any number of credit agencies, governments, or anyone else that might be spying on you online.
For more information about Bitcoin Updates and using Bitcoin to pay for hosting, please don’t hesitate to contact us today.