CNBC Video Says Bitcoin Is Store Of Value But Not Currency, Misses The Big Pi...
CNBC Portraying BTC As A Store Of Value Isn't Pessimistic As It Outlines The Electronic Cash's Path To Full Monetization.A recent CNBC.com video dealt with the current use cases for Bitcoin in the U.S., featuring a conversation discussing the merits of Bitcoin as a currency. Not surprisingly, many mainstream misunderstandings were showcased."People aren't really using bitcoin to buy everyday items, and that is partly due to the fact that not a lot of retailers give them the option to spend it," said CNBC.com digital correspondent Mackenzie Sigalos in the video. "You do have [some....
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Mainstream media, CNBC to be exact, experienced the power of Lightning. The article’s snatchy title says it all, “We sent bitcoin from Miami to a Ukrainian in Poland who withdrew it as cash, all in less than three minutes.” The recipient was Alena Vorobiova and her face at the end of the video also says […]
Suspicions become aroused when Apple’s App Store claims to have an “approved digital currency” list — one which includes defunct DAO tokens and an ever-growing list of thieving Bitcoin wallets — which also, somehow, continues to stonewall Dash. A Dash wallet has twice been rejected by Apple over the past year, and the corporate behemoth went so far as to demand that Jaxx Wallet remove their popular support for Dash last week. The App Store: Picking the Bad Apples of Cryptocurrency. In response to this incoherence, I’ve just published this Apple parody video. Say hello to Millicent....
Former OCC acting comptroller Brian Brooks claimed that cryptocurrencies like Bitcoin “actually are backed by something.” Brian Brooks, former acting comptroller of the currency of the United States Office of the Comptroller of the Currency, has claimed that cryptocurrencies like Bitcoin (BTC) have some backing, while the U.S. dollar may not have any.Brooks gave his remarks in a CNBC Squawk Box interview with Joseph Kernen to unpack recent Bitcoin-related remarks by the U.S. Federal Reserve chair Jerome Powell. Earlier this week, Powell argued that cryptos like Bitcoin are “essentially a....
The world already has a digital currency, a group of experts told CNBC: the US dollar. CNBC sought comments and opinions from market analysts such as ConvergEx's chief market strategist, Nicholas Colas, as part of a CNBC 25 special report on the future of money. In the piece, authored by Ted Kemp, Colas and others argued that the USD possesses many of the strengths associated with bitcoin. He said: "The $100 bill is the world's bitcoin. It's anonymous. It's easy to use. It's actually easier than bitcoin, because you don't need a computer or even power." Money is already digital. One of the....
Everyone wonders what will happen with Bitcoin in 2014. We have earlier posted about the expectations from a US Senator that they are awaiting a Bitcoin report in January 2014. Whether this will be good news for the Bitcoin-community or not is still uncertain. However, the Senator was very certain that they won't ban bitcoin. CNBC writes in their new article that Bitcoin starts to get mainstream, where they ask the question whether or not Bitcoin can become a viable currency? “There’s certainly a lot of work that needs to happen… between now and bitcoin being a unit of account unto....