Forget the Cheese, but dont dismiss Bitcoin! . . Once you look
into Bitcoin further, and do full diligence and proper research , you
will see that Bitcoin is not “a speculative currency” at all , its a
protocol that allows a public open-source ledger to record any
transaction as an irreversible blockchain string of code.

Its usages are only just beginning – it will revolutionise any
concept of verification of ownership – Shares, Assets, Insurances ,
invoice payments, and allow a whole new generation of peer-to-peer
funded enterprises. Its fundamental ‘unique innovation’ lies in the
fact that it “lives” within the nodes of the internet itself, not owned by any corporation or government , and its transaction chains are visible to all and self confirming – by the protocol itself.

It therefore possesses many of the attributes of gold, save one: that you can hold the physical and bury it in the bomb shelter with you. It is this problem that differentiates bitcoin.

Excepting that, yes, bitcoin could provide an alternative currency for transactional use, if, it can become more universally accepted and used. Certainly with the rate of depreciation in legal currencies currently that is a most attractive argument for its adoption.

You can’t get much more mainstream than professional American sports. In that sense, Thursday’s news that the Sacromento Kings basketball team will let its fans use bitcoin to purchase tickets, jerseys, hot dogs and anything else from its selection of products may go down as a key moment in the digital currency’s coming of age.

But this is only the latest in a steady progression of vendors choosing to transact in bitcoin, a group that is at the vanguard of the digital currency’s bid for legitimacy.

There are now tens of thousands of merchants around the world accepting bitcoin. Merchant processor Bitpay now has more 20,000 separate clients and says that at its current rate of growth it will hit 100,000 by year end.

So, even though bitcoin might not yet have truly earned mainstream status, there’s already a lot you can do with it. Here are some of things that your bitcoin will buy: