How Bitcoin Will Destroy R3 and Other Blockchains in Three Years
Venture capitals may like the ideas of other public chains like R3 but they will later realize that Bitcoin is the real thing after the Blockchain bubble bursts, says angel investor in Bitcoin and Ethereum startups, Chandler Guo. He said in his interview with ether.camp at the Clare Hall of the University of Cambridge: “We’ve come to revolutionize them, not to be in cooperation with them. So we don’t like them. They are a big company, banking idea. We come here to use Bitcoin to destroy their system, not to follow them.” He also suggested that the price of Bitcoin could reach $10,000 or....
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It's been a tough two years for public blockchains. Regarded by many as a social experiment with little practical value beyond anonymous peer-to-peer payments, public blockchains have been shunned by financial institutions and others who have opted for permissioned networks with a little more control and perceived privacy. This shouldn't have come as a surprise. It has played out this way before. In the 1990s, big companies wanted to be online, but they wanted to do it without the open web. Intranets were born out of this desire, yet, in the end, the open Internet won out. Now, 20 years....
Bitcoiners champion how blockchain technology could undermine the financial system and effectively destroy banks. Bitcoiners mention how banks are going the way of the buffalo and blockchain inspired technology – or simply Bitcoin – will revolutionize the way the world does, basically, everything. Bitcoin, they say, will allow individuals to become their own banks. But, what if the opposite is happening? Many people on the opposite side of the aisle believe that blockchain technology will cut overhead so much that the record profits big banks have made in recent years will look small.....
Dr Patrick Byrne, CEO of Overstock.com, sure loves Bitcoin. It's unsurprising, seeing as his company has seen massive Bitcoin transactions since Overstock began accepting Bitcoin a few weeks ago with over $100,000 in sales. But in a recent interview with conservative news outlet Rare, Byrne discusses his views on Bitcoin and counters Paul Krugman's assertion that "Bitcoin is Evil". https://api.soundcloud.com/tracks/129661708. Byrne doesn't beat around the bush. He dives right in with one of the first things he says being, "[Krugman] went crazy about a decade ago, more than a decade." Byrne....
The price of bitcoin and native tokens for other stablecoin-supporting blockchains jumped after the OCC approved banks to use public blockchains.
Source: United States Congress. It's not often you hear a congressperson in the United States foresee doom on a national currency, but congressman Ron Paul sees something in bitcoin that many people today don't. As such, he recognizes that "[t]here will be alternatives to the dollar, and [bitcoin] might be one of them". He goes on to say that "it'll go down in history as the destroyer of the dollar," assuming individuals begins mass-adopting the cryptocurrency. Then there's the group of folks who thinks bitcoin will go nowhere but down. The potential is there, but bitcoin holds a promise....