Banks Can’t Afford to Ignore Bitcoin’s ‘BitTorrent Effect’
Today, major banks are touting their mobile banking apps as the next best thing. But are these “innovations” or just renovations on the proverbial deck of the Titanic? And similar to how BitTorrent impacted the entertainment industry, would incumbent banks have remained complacent without a prod from Bitcoin? The BitTorrent Effect. BitTorrent is to....
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There’s a tendency in the tech world to toss out old tech and go all-in on a new replacement. “Oh, don’t use that. That’s the old thing! Use the new thing instead.” This advice is best suited to those who adapt quickly to technological change—in other words: a small percentage of humanity.
Jumping quickly to ‘the new thing’ may come with harmful second or third-order consequences for most people; this is especially true for energy-hungry technologies like cryptocurrencies that adversely affect our planet.
These....
Traders who bought BitTorrent at its top, believing that the Justin Sun-backed token would keep on pumping, are now facing huge intraday losses. The BTT/USD exchange rate crashed by more than 40 percent after setting up a record high of $0.0134, questioning catalysts that prompted BitTorrent’s explosive upside move in the first place. Earlier, NewsBTC […]
Bitcoin and blockchain technology may be among the more obvious tools of evolving Internet decentralization, but BitTorrent, peer-to-peer file sharing, also portends major changes for commerce and industry. Because bitcoin and blockchain technology use peer-to-peer protocols, they are often deployed in BitTorrent projects. Direct File Sharing. WebTorrent, a streaming BitTorrent client for the browser, powered by WebRTC (web real-time communication), allows users to share files directly from their browser, without having to install or configure anything. “WebTorrent is just like BitTorrent,....
An executive at Wisdomtree, an asset management firm with $78 billion under management, says that “Cryptocurrencies have firmly established themselves as a new asset class and it truly is something that people can’t ignore.” He added: “We are past the point where there is speculation around whether or not this is a trend that’s here to stay.”
Wisdomtree’s Executive on Crypto
Jason Guthrie, head of digital assets for asset management firm Wisdomtree in Europe, talked about cryptocurrency during Ftadviser In Focus’ fireside....
BitTorrent is evolving into an ecosystem of decentralized storage, data protocols and content distribution, the firm says.