Bitcoin's Biggest Question Isn't Ease of Use, It's 'Why Use it?'
When asked why bitcoin hasn't taken off as an electronic, online cash, it's become conventional wisdom to blame ease of use as the predominant issue. When compared to other payment methods, most say, digital currency simply isn't as user-friendly. This is true to an extent. As a payment method, bitcoin could be more user-friendly, and the industry should work to improve basic features of major services. It should be easier for everyday consumers to send the desired amounts without overspending and for default wallet features to be more intuitive. But, to say that this is the biggest issue....
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The question of "how to store your bitcoins" is one of the most important decisions for a Bitcoin user to make, and that is why we have done an extremely thorough Bitcoin wallet review for all major Bitcoin wallets. In this article we will perform bitcoin wallet reviews, including providing the current best option, by looking at ease of use, security and advanced features for the major wallets in each category: Online Bitcoin Wallets, Desktop Bitcoin Wallets and Mobile Bitcoin Wallets. To save you some time our conclusion to maximize ease of use, security and advanced features is to use....
Sixty-five years ago, history tells us the great question of American foreign policy was: who lost China? In other words, who was responsible for the "avoidable catastrophe" that drove the Nationalists from the mainland and brought Mao Zedong to power? Today, the question should be: what will China lose, if it attempts to resist global upheavals in finance and technology, culminating in the popularity and acceptance of Bitcoin as the ultimate form of digital, peer-to-peer currency? The answer to that question will have a greater impact on the People's Bank of China (PBC) than its existing....
Data from Glassnode shows that the recent Bitcoin crash was the largest in history in dollar terms, coming in at $2.56 billion. The “corona crash” of March 2020 was the previous biggest, at $1.38 billion. Although 13% gains yesterday brought welcome relief, uncertainty still rules. The question on everyone’s mind is, are we still in […]
Bitcoin has often been compared to the Internet itself. A project that will change the very world that we live in. The Internet has come to define the age that we currently live in, but can the same be said of Bitcoin? Has Bitcoin been an empty promise? Well, the truth is that we need to dig deeper into that question, and more importantly, we need to ask that question. A zealous missionary base. The problem with Bitcoin is the people who embrace it. Bitcoin attracts a fierce and zealous base, who are unlikely to encounter any criticism or see opportunities where there are aplenty. There....
The biggest topic in Bitcoin over the last month has been what to do with the size of blocks within the block chain. Mike Hearn and Gavin Andresen have been vocal and influential proponents of a size from 1 MB o 20 MB blocks to ease the growth of Bitcoin as a global currency. At this current 1 MB rate, they say the network will enter a logjam situation within the next year, and this is the preventative maintenance needed that would help the situation both in the short-term and the long-term. I spoke to Marco Streng, CEO of Genesis Mining and asked what their company's view is of the block....