How Bitcoin Promotes Employment

Money makes the world go round. We've all heard this old saying before, from Gary Coleman to the Broadway musical "Cabaret ," and it makes sense. The world has a very unified view of money. We all need it , we all want it , and we all enjoy spending it.

Although we generally think these ideas will never change, it is undeniable that money is always changing, and some of these changes can make it difficult for people to adapt.

As time goes by , innovation and technological prowess continue to move the world forward. The way we communicate and do business is evolving every day, and these advances can sometimes feel hard to adapt to. Finance is no exception. From mobile payments to virtual currencies, everything seems unstoppable.

Despite the popularity of virtual currencies, many people remain skeptical, arguing that Bitcoin and similar digital currencies do not have the capital to survive in the long run.

Virtual currencies still face considerable opposition from lawmakers and financial traditionalists who still place their trust in standard banking institutions and fiat currencies.

There is nothing wrong with this , but BitLicense and regulators in California and North Carolina have been strictly controlling virtual currencies, which has caused unnecessary suppression. Digital currency companies feel that such strict regulations not only inhibit corporate innovation , but also threaten customer privacy.

Several companies such as LocalBitcoins and Eobot were forced to bid farewell to the virtual currency industry because they could not bear such strict regulations or " restrictions " .

Many lawmakers and “ power holders ” seem to ignore the fact that development creates more jobs, which in turn drives economic development. This creates a more stable and healthier economy, making recessions and economic depressions a thing of the past. Bitcoin and cryptocurrencies have indeed made a significant contribution to economic development.

Earlier this year , CoinTelegraph published an article claiming that Bitcoin and cryptocurrencies create more jobs than the US government. Jobs range from script creation and multisig developers to Java cryptocurrency developers and microtransaction engineers to cryptocurrency traders, mining pool administrators and Bitcoin ATM designers and technical analysts.

The article concludes by mentioning that , overall , virtual currencies succeeded in creating 250,000 new jobs in 2014 .

In addition , websites such as angel.co , indeed.com, and indeed.com have finally received an olive branch from digital payments and virtual currencies after a long period of unemployment. The number of people involved in virtual currency work has been increasing, as one user said on Quora :

“ Go to Job Board and search for jobs in the cryptocurrency industry, and you’ll find that there are countless jobs of this kind … And these are just the ads for recruiting employees … Every moment, thousands of entrepreneurs are joining the Bitcoin industry and creating their own world …”

With four months left in 2015 , it’s hard to tell how far we’ve come since last year. However , Bitcoin will only move forward as time goes on , and given how well Bitcoin created jobs in 2014 , it’s not hard to imagine we’ll be able to do even better in 2015 .