Bitcoin is Accepted Globally... What Would Happen?
What would happen if Bitcoin was accepted on a global scale? No doubt, this is a question that has popped into every crypto-lover's minds at one point or another, but we likely think of it for a few seconds or a few minutes and figure, "It's just not going to happen" before we move on to our daily tasks and our minds become flooded with other things. But seriously... What would happen? What if every country, large and small, rich and poor, suddenly stood up and declared Bitcoin completely and fully legal, and everyone was entitled to use it however they pleased? It all sounds fantastic at....
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What, exactly, would happen if everyone just dropped the money they were using (USD, the euro, the yen, etc.) and resorted to dealing in bitcoin from here on out? This is a question that we’ve likely entertained on an individual or otherwise small scale at some point or another. As a civilization, however, it’s not likely we’ve actually sat down and thought through the full results we’d likely face if Bitcoin were accepted on a global scale, and all other forms of finance became obsolete.
There's been silence with regard to just who is the prevailing bidder when it comes to last Friday's bitcoin auction held by the United States Marshals Service. Things have been a little different when it comes to participants whose bids were not accepted, however. Both Barry Silbert of SecondMarket/Bitcoin Investment trust and Dan Morehead of Pantera Capital announced their bids weren't accepted, and now Bitcoin Shop, Inc. has come forth to announced their bids were also not accepted. "Our bid with the USMS to purchase bitcoins through an online auction was not accepted," said Bitcoin....
Bitcoin community has another reason to rejoice. Bitnet, an enterprise Bitcoin payments processor, and PAY. ON, which is a leading provider of white label global payment gateway solutions, have joined hands to make Bitcoin a globally accepted currency. The news of the announcement to this effect came today. The duo has agreed to globally offer Bitcoin as a viable payment method through PAY. ON's RESTful API-based payment platform. The reach of Bitcoin has already increased manifold as it allows transaction with anyone and from anywhere at a negligible cost and at a minimum risk. Several....
Following the statements from Ethereum developer Preston Van Loon at the Permissionless conference, Ethereum co-founder Vitalik Buterin has further confirmed The Merge will likely happen in August. Buterin noted, however, that it’s quite possible there’s still a risk of delay, and The Merge could happen in September or October 2022.
The Merge Could Happen in August, Buterin Says
Just recently, Vitalik Buterin spoke at the ETH Shanghai Web 3.0 Developer Summit and Ethereum’s co-founder discussed the highly-anticipated proof-of-stake (PoS) transition.....
True to their word, online mega-retailer Overstock.com is planning to open up bitcoin sales to customers outside of the United States. The retailer said at the end of July that international bitcoin payments would be made available in six weeks, and now the New York Times is reporting that payments from customers abroad will be accepted come September 1st. The acceptance will happen on Overstock's international website, O.co, according to company CEO Patrick Byrne, who told the Times: I know that's it's become part of the Bitcoin lore in the United States to shop on Overstock... My hope is....