The Future of Digital Currency, What Lies Ahead?
The digital currency sector is changing for good, and companies like Coinbase are noticing these changes in their users' behavior. Bitcoin is a digital currency which is no doubt a product of the internet. When it comes to adoption and future of this digital currency, bitcoin is readily comparable to the origins and growth of the internet itself. It is the human nature to fiercely resist change before embracing it, and being a revolutionary development, bitcoin is still facing the resistance phase. Bitcoin and its underlying technology have introduced a completely new monetary system which....
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Into filming your sports activities? Utah-based Contour Action Cameras announced last week they would become one of the latest companies to embrace the bitcoin digital currency, signaling increasing merchant interest. Bitcoin will be accepted for all cameras and accessories sold by the company, a move they say looks ahead to the future of payment processing as we know it. "Contour is all about looking into the future, and seeing where technology will allow us to go. We love Bitcoin, as they are doing the same in the field of online payments," said Contour chief executive James Harrison in....
Bitcoin’s greatness isn’t measured only by its price or market cycles, and its true strength lies deeper. As one crypto pundit explains, it lies in the alignment of incentives that keeps the network secure and the loyalty of holders who refuse to sell in the face of volatility. This combination of economic design and cultural […]
Chinese policy has a massive impact on Bitcoin price, trading volume, and perceived legitimacy – but as the government’s policy on digital currencies is ambigious, Bitcoin’s future in China remains uncertain. The US-China Economic and Security Review Commission reached this conclusion in a research brief published earlier this week. The report examined Bitcoin’s history in China, documenting the evolution of Chinese official (and actual) attitude toward Bitcoin and exploring some of the factors for its popularity – and potential for the future. Here are five things the USCC report said....
As savings technology is still the largely dominant story for Bitcoin, it’s helpful to take a closer look at a few lies about a topic that’s growing in popularity: the Bitcoin circular economy. The post Four Lies About The Bitcoin Circular Economy appeared first on Bitcoin Magazine.
"Bitcoin likely can't work as a currency, but some sense that the ledger-based technology that underlies it could hold promise," concludes a Goldman Sachs report titled 'Top of Mind'. Bitcoin has attracted major league attention in the finance world, and most seem to share the views expressed in the report. While increased research and interest from Wall Street is good for bitcoin overall, the report misses the mark with its conclusion and underscores several systematically flawed views of the digital currency and its future role in finance. While credit should be given to Goldman Sachs....