How Governments Subsidize Bitcoin's Usefulness and the Bitcoin Price
Bitcoin Core contributor, Peter Todd, was recently interviewed on Bitcoin Uncensored by co-hosts Chris DeRose and Joshua Unseth. Ethereum, The DAO, private blockchains and many other topics were discussed but DeRose turned the conversation toward an often-discussed concept (at least on Bitcoin Uncensored) near the end of the show: The idea that....
Related News
Bitcoin's value is likely to remain volatile, which will limit the digital currency's usefulness, according to a select group of economics professors across the US. The IGM Economic Experts Panel -- 38 academics from Harvard, Yale, Stanford, Princeton, the University of Chicago, the University of California-Berkeley and the Massachusetts Institute of Technology -- tackles a different public policy issue in a weekly email poll. In this latest poll, they were asked the following question about bitcoin: "A bitcoin's value derives solely from the belief that others will want to use it for....
Bitcoin's value is a perceived regard for its benefits and usefulness. The term value, as used here, is not to be confused with price, which is the monetary cost of a bitcoin. The usefulness and consequent value of Bitcoin is a result of many aspects of its innovation, its network, and its features. This guide discusses the most important factors that lead its users to consider Bitcoin to be valuable. Scientific Value. To the general field of Science, the Bitcoin innovation is valuable for having solved the long-standing Two Generals Problem (or Byzantine Generals' Problem). Satoshi....
The American publishing executive, Steve Forbes, recently published a video concerning his thoughts on bitcoin and told viewers that the popular crypto asset is “not yet” the new gold. The business magazine’s editor-in-chief says that bitcoin’s value “remains too volatile,” and he believes the supply cap of 21 million will someday “severely hinder its future usefulness.” There still remains a number of skeptical people in the finance world that believe cryptocurrencies have a long way to go from here. Just recently, Malcolm Stevenson....
Apple co-founder Steve Wozniak sees bitcoin as mathematical purity, praising its fixed supply. However, he said that governments will never allow it to be out of their control. “If it got to the point where everything is being done in crypto and didn’t pass through governments for observation and taxation and all that, governments would just disallow it,” said the Apple co-founder.
Steve Wozniak Says Governments Will Never Allow Crypto to Be Out of Their Control
Apple co-founder Steve Wozniak talked about cryptocurrency in an interview with Yahoo Finance....
According to MIT Media Lab director Joi Ito, governments have a role to play in regulating bitcoin but they shouldn't overstep their boundaries. He suggests that governments should still have a voice in the process in order to increase the confidence of the general public when it comes to transacting using cryptocurrencies. "I'm not sure that we need an ICANN for Bitcoin, but I think that what would be good is some sort of way for all of the governments to voice their concerns and then become comfortable with how the community interprets their concern," he explained. Bitcoin Regulation....