Has Bitcoin Failed to Deliver?
Bitcoin has often been compared to the Internet itself. A project that will change the very world that we live in. The Internet has come to define the age that we currently live in, but can the same be said of Bitcoin? Has Bitcoin been an empty promise? Well, the truth is that we need to dig deeper into that question, and more importantly, we need to ask that question. A zealous missionary base. The problem with Bitcoin is the people who embrace it. Bitcoin attracts a fierce and zealous base, who are unlikely to encounter any criticism or see opportunities where there are aplenty. There....
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ASIC manufacturer HashFast is facing serious allegations from bitcoin miners who placed orders for its Baby Jet mining rigs, which have since failed to arrive. Consequently, some of the miners affected are planning to take the company to court, according to ExtremeTech. However, the issue is more complicated than it first appears, and the miners may be facing an uphill struggle. At the root of the dispute was HashFast's pledge to begin shipping between 20th and 30th October 2013. In the original Terms of Service (TOS), the company also told customers that they would be eligible for a full....
More than 40 independent and local shops in the UK are now accepting bitcoin. Some of them don't even know about it. As of April 1st, We Deliver Local, a UK-based e-commerce solution for local shops added bitcoin as an official payment method. We Deliver Local allows registered customers to buy products online from their nearby greengrocers, butchers, fishmongers and delicatessens. The company also provides a delivery service for a flat fee of £2 where drivers pick up all the orders from shops and bring to the customers' address. Below is a short video produced by We Deliver Local on how....
With each new mainnet launch, along comes another platform that claims to do everything that its predecessors failed to deliver. This year, Polkadot and Cardano have both been through high-profile launches. However, the reality is that neither one has yet fulfilled its roadmap to achieve what they’ve promised. Polkadot is still very much in development, […]
Given the lack of trust in charity commissions to deliver the raised funds to the right people, such a concept could radically change the way we donate. Most cryptocurrency enthusiasts will remember The DAO, a failed Ethereum-based experiment creating a major crowdfunding effort to deliver nothing in the end. Even though that concept was a disaster, the original team is trying their hand at a new venture. Under the Charity DAO banner, their new effort will focus on bringing transparency and trust to the charitable sector. That seems to be the main question for the time being. It is....
Investments in Bitcoin, as an asset class, have been going downhill because of the unnatural volatility, thereby leading to a further drop in the price. In 2014, even with investments in the underlying technology soaring to all-time record levels, Bitcoin bagged the "worst performing currency of the year" with a sharp 80 percent decline in value. Bitcoin has till date, utterly failed in reversing those losses and continues to trade near $230. However, for Bitcoin enthusiasts and investors, who are looking to make an entry into the cryptocurrency at current levels, there is good news! An....