Bitcoin as a Hipster Consumption Item
The quest to bring Bitcoin to the world is taking us on a journey of discovery. We have not yet found our way to mass recognition or adoption. Granted, these are new technologies and it takes time. Much of the focus now is on 'the other 6 billion': a catchphrase that refers to the potential of p2p value-transfer technologies to enrich the lives of the....
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Fancy is an online store for some really...well..fancy and often hipster stuff. The site boasts a "crowd-curated catalog of amazing goods, wonderful places and innovative stores." For instance, you can buy this Salvador Dali Melting Wrist Watch at Fancy. Instant surrealism. No psychedelics required. And now, you can buy any item on the site with Bitcoin. CEO Joe Einhorn stated, "We are excited to play a small part in the next chapter for BitCoin, the one where people are able to exchange BitCoin for goods and services... Fancy has some of the coolest merchandise available for purchase with....
There is no denying the fact that mining cryptocurrencies and processing decentralized transactions demand large amounts of energy. As per the Bitcoin Energy Consumption Index, the total energy consumption of the Bitcoin network tops 131.12 TWh – that’s almost equal to the total power consumption of Argentina. Experts claim that the energy consumption and electronic […]
Intrinsic Value Defined: Let's agree what the term "Intrinsic Value" means. For this article we will use the common Wikipedia entry for the intrinsic theory of value. This is found at: http://en.wikipedia.org/wiki/Intrinsic_theory_of_value. An intrinsic theory of value (also called theory of objective value) is any theory of value in economics which holds that the value of an object, good or service, is intrinsic or contained in the item itself. Most such theories look to the process of producing an item, and the costs involved in that process, as a measure of the item's intrinsic value.....
The company said that the open-source token standard intends to tie a physical item to a digital token on the Ethereum blockchain. Anime-inspired nonfungible token (NFT) project Azuki has released a Physical Backed Token (PBT) — an open-source token standard that ties a physical item to a digital token on the Ethereum blockchain. Azuki shared on its Twitter account that the first implementation of the PBT will use the BEAN Chip; a physical cryptographic chip that self-generates an asymmetric key pair. The combination of the PBT and the BEAN Chip introduces a feature, which the project is....
BitTag could spark a new wave of Bitcoin merchant adoption. While the advantages of accepting bitcoins as an online merchant are rather obvious, BitTag thinks that it can help bring the digital currency to more brick-and-mortar stores. This "physical price tag for a digital currency" allows consumers to see the price of a particular item in both fiat currency and bitcoins at the same time. The price in bitcoins is then updated every minute until the shopper decides to make the purchase. BitTag can also be used with any other altcoin supported by the merchant. Paying on the Spot. Another....