The future of everyday life with digital currencies
A QR code (Quick Response Code) like this may be the future of digital currency. When scanned with a mobile device, a QR code can be used to send and receive digital currency. A few weeks ago, I saw a funny comic. The comic portrayed a thief who demands a woman's money. She says she only has bitcoins, and the thief doesn't understand. He asks her to give it to him, but she explains that it's not tangible and that she needs his bitcoin wallet address. Upon learning that he doesn't have a wallet, she helps him set one up. Will this be the future of theft? Will thieves hold people up until....
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“Hi, what can I get you?” “Small espresso, thanks.” “That’ll be 2,000 Satoshis.” You scan the QR code. “Please go to the ‘Awaiting Confirmation’ room on your left. We’ll bring your coffee once we receive four confirmations; should be about 45 minutes. Thank you!” This article was provided by the Vanbex Group on behalf of the Dash project. Sounds ridiculous, right? It represents a step backward from our current user experience. But this scenario is the future Bitcoin has unless something changes. Even though Bitcoin surpasses government-issued currency in many ways – it greatly reduces....
Dear trader, First, I would like to wish you a great year in 2015 and all the personal and professional success that you deserve. I also wish that this new series of articles will allow you to trade as best as possible this year. This new year starts off in a very complicated way. The price of Bitcoin is extremely low, and the recent Bitstamp hack (2nd exchange platform in terms of dollar volume) will not boost confidence in crypto currencies. 2014 has been a very difficult year for those who hold Bitcoins for long term reasons, but, nonetheless, numerous and promising evolutions have come....
Ever wonder what future everyday technology will be? Wonder no further and check out the tech that’s likely to become a normal part of daily life. The world is constantly changing and nowadays, with so many new technologies being introduced and developed, it seems that it is evolving faster than it ever has before. Think about it, it hasn’t been two decades since mobile phone use went mainstream and now, compared to this tech’s early beginnings, there is so much more that you can do with your smartphone device. Mobile phones are no longer simply a machine that you can use for making phone....
As the cryptocurrency market cap stands at a staggering $2.53 trillion, it is no more just another alternative financial system. Crypto users don’t want to invest in Bitcoin and altcoins as a future asset that will later appreciate in value. Instead, there is a rising clamor for making crypto a part of the mainstream economy. Visa and PayPal have already introduced crypto payments into their platforms, thus pushing for crypto’s mass adoption. One of the latest projects bringing cryptocurrencies to the mainstream by lowering the barrier to entry is @Pay. The project aims to open up into....
Is bitcoin a virtual currency, a digital currency, or both? And why does it matter? In press reports, it's often referred to as both. TheBangkok Post today refers to "virtual currencies including the bitcoin", while the Toronto Star describes the collapse of a bitcoin exchange after hackers stole its "digital currency". But digital and virtual currencies are two different things, with different behaviours. It's more than a semantic distinction: it's a discussion of how a form of money functions. If we replace the word 'currency' with 'economy', then the distinction may be clearer. When we....