Bitcoin is the Internet of Money and currency is just the first act
Speaking at the Wired Money 2015 event, bitcoin expert and author Andreas M Antonopoulos said that "Bitcoin is the Internet of Money and currency is just the first act." Antonopoulos said that most people don't have the correct understanding of money, emphasizing that there is a fine distinction between money and currency. "Bitcoin is not a currency," he said. It is a "network-centric model for recording ownership and trust". It is the "internet of money and currency is just the first act". Bitcoin Can Solve Identity Theft Problem. While most of the cryptocurrency experts dwell on the....
Related News
If money is language, then bitcoin is English. It has a potential to scale that no other currency has and is the native currency of the internet.
Bitcoin is the first large-scale, peer-to-peer, cryptocurrency platform experiment that has a real chance to make a significant impact on how we use money around the world. To begin to understand it, you need to think of it as an open "money platform", and not just a new type of currency. Once you detach its currency-related speculative and volatile characteristics; within its own ecosystem, Bitcoin attacks the traditional money supply chains and breaks down traditional barriers and conventional practices. That is why it is feared by some, misunderstood by many, and embraced by the early....
The original internet was built without money in mind. The next internet will be different. Change, albeit small, is already here.
A lot has been said and written about how Bitcoin in 2014, is similar to the Internet of 1994. Internet, when it started, was usable only by the few early adopters. They used ridiculously priced computers to access the Internet, inspite of not being entirely clear of what it was going to become. Bitcoin is in a similar infancy at present. There are two ways in which this article can proceed from here... one about the technology of blockchain and the other about financial future of Bitcoin. We could talk about how the Web 2.0 evolved from the static Internet of those days. Elaborating how....
Bitcoin holds potential to act as "the Internet of money" if regulated correctly, according to a new report from Google policy advisor Andy Yee. In an article for Internet Policy Review, Yee, who works as an analyst for Google's Asia-Pacific division, argues that certain sectors of the bitcoin economy should be targeted with regulation modelled on existing digital frameworks. Breaking the bitcoin ecosystem down into layers, Yee concluded that businesses that connect investors and consumers with digital currency should be subject to regulation. In contrast, users and developers are a poor....