5 Big Questions for Bitcoin Growth in 2016
There have already been dozens of 2016 prediction lists emanating from the broader bitcoin and blockchain community over the past several weeks, so I'll avoid contributing to the cacophony. After the abysmal results with my personal predictions for 2014–2015, I've finally learned to ask more questions and offer fewer forecasts, anyway. Instead of prognosticating, I'll offer 10 simple questions for the bitcoin and blockchain industry going into this year. The growth in bitcoin transaction volumes shows no sign of abating, and yet the 1MB block data limit is no closer to being raised than it....
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All things considered, it appears China's crackdown on capital outflows is working. China has released their official economic growth numbers for 2016. As was to be expected, things are not looking great, although the sky is not falling either. With a 6.7% growth throughout 2016, the country falls short of expectations. Moreover, there are questions regarding the growth number, as it seems to reek of tampering. A previous report hinted at how 6.7% growth has been “achieved” for every quarter in 2016, which is an impossibly even number. The world’s largest economy continues to cause a lot....
Will Bitcoin growth slow in 2016? BargainFox and Georgi Georgiev do not think so. In fact, they have even put together an infographic presenting 33 indicators that bitcoin growth is not slowing down this year. However, as we looked closer, only some can be considered indications of growth in 2016 - more than half are merely FYI facts, others are open to interpretation. We contacted the author to clarify his intention, but received no comment. What follows is our brief overview of the infographic. We divided the indicators into those that are likely to mean continued growth of bitcoin,....
“In particular, Canadians who were young, male, employed, had a university degree, high household income and relatively low financial literacy were more likely to own Bitcoin." A study from the Bank of Canada found that Bitcoiners on average have lower financial literacy than those who don’t own Bitcoin (BTC). The study was compiled from four years of annual surveys from 2016 to 2020, with the sample sizes ranging anywhere from 1,987 to 3,893 respondents. The Bank of Canada’s full study is titled “Bitcoin Awareness, Ownership and Use: 2016-20” and was published on April 19. A key....
One of the main questions people often wonder about is who is using Bitcoin these days. The 2016 Bitcoin Survey by the Bitcoins in Ireland team will bring us one step closer to find out the answer as a total of eleven different languages are now supported. Even though the results of the 2016 Bitcoin Survey will not be able to tell the complete story as....
Nearing the end of 2015, many are questioning the future of bitcoin. 2016, it's safe to say, will be a crucial 12-month period. For one, the technology's open-source community will need to resolve some outstanding questions, most notably whether it will increase the size of blocks on the blockchain. Meanwhile it must combat the effects of "private blockchains" seeking to court market share. Ultimately, I am a firm believer in the future of bitcoin. While its progress throughout 2015 may not have captured the media’s attention as it did in 2013, the industry has created a solid foundation....