Discover new ways to use Bitcoin: What can you do with it?

Bitcoin's price instability is well known. One of the biggest issues surrounding digital currencies is that they work a lot like stocks and bonds; one day the price might go up, but the price can suddenly drop back down the next day. Bitcoin's price has been hovering in a relatively high range for a while now (currently around $740), but the truth is we don't know how long this will last.

Bitcoin is “multifunctional” beyond price fluctuations. While it may not come in all shapes and sizes, its capabilities are seemingly limitless, and it has many lessons to teach us.

One family promotes the use of Bitcoin, claiming it can teach people responsible storage and financial awareness. On a small scale, Bitcoin can be used for personal use without always having to use it for professional reasons.

Professional hacker Tuxavant explained how he gave his daughter Kryptina bitcoin pocket money when she was nine years old. Now 15, Kryptina has learned a lot from the experience using bitcoin.

At first, it was difficult for Kryptina to accept Bitcoin. She had to get it from her father, who in turn knew how his daughter spent her money. Now, Kryptina is storing her Bitcoin to pay for summer camp and singing lessons.

4,000 miles away, the UK is trying to make gold more like Bitcoin. The Mint, a new government-controlled gold trading system, is planning to put $1 billion worth of gold on the blockchain and allow customers to trade and sell gold using digital Mint tokens. Moving operations to the blockchain will ultimately reduce storage costs and management expenses.

Perhaps Bitcoin’s greatest achievement is that it has enabled more advanced blockchain applications such as Ethereum and similar platforms. Without Bitcoin, other cryptocurrencies would not exist, and its popularity has enabled digital currency payment methods to gain tremendous development overnight.