Americans Just Don’t Understand The Importance Of Bitcoin
Living in Russia during the collapse of the Soviet Union makes the importance of bitcoin’s properties obvious to anyone who tried to protect their wealth.This is an opinion editorial by Daniel Feldman, the CEO of Green Block Mining.In 2016, after I sold a gaming company that I founded with a high school friend to a group of former executives from Amaya/PokerStars, I was looking for the next thing to do. In 2017, I discovered bitcoin. I would argue with my brother-in-law and father-in-law about the efficacy of cryptocurrency, but could not effectively support my position. So, to learn more....
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An understanding of what bitcoin is, how it works and its various features and benefits have, in the bitcoin space, traditionally been viewed as a key component of mainstream adoption. How can the general public be expected to switch from things like PayPal, fiat, Visa etc., if they don’t understand how what they are switching to works? There is some common sense in this view. Individuals who lack an understanding of cryptocurrency are more often than not intimidated by its seeming complexity, and this puts them off using it to transact. The conclusions of a recent study, however, go....
As a follow up to my piece "Why Bitcoin Value vs The U. S. Dollar Does Matter (And Never Will)", it is necessary to understand the fate of the U. S. Dollar is set in stone. The U. S. Dollar must collapse. Fait accompli. The average American is ignorant to this fact because: 1) An ignorant American consumer is the government's best customer. If Americans knew what was going on in the global economic markets, and what Washington ISN'T DOING to correct it, they'd storm the White House this evening! 2) The U. S. has not had an economic collapse in the last 80 years; so 95% of Americans don't....
Xapo CEO and founder Wences Casares explains the history of money in a Big Think video about Bitcoin. His explanation of the history of money is below. “Bitcoin is a new digital currency that is perhaps the best form of money that we have ever seen. It’s important because most of us don’t understand money very well and perhaps the concept that is harder for us to understand is that money is and has always been a ledger. …the best way to understand money is to understand the history of money.
Bitcoiners love to believe their complicated version of money will win hearts and minds. But they might be overlooking one crucial aspect – most people don’t even understand traditional finance, let alone the uber complicated digital finance of the future. Almost two thirds of Americans can’t calculate interest payments. Yet, Bitcoiners believe their complicated digital currency, which incorporates encryption and deflation, will catch on and “revolutionize” finance. A new study released today determined nearly two-thirds of Americans would fail a basic financial literacy test. They got....
The outcome of the U.S. presidential election is affecting how fast Americans will receive their second stimulus checks. With Joe Biden named the president-elect, Americans are eager to know how soon they will receive the second round of direct payments. The Senate goes back into session on Monday when the stimulus discussion will be prioritized. When Second Stimulus Checks Are Coming Many Americans were hoping that a new stimulus package with the second round of stimulus checks would pass before the presidential election. Now that the election is mostly over and former vice president Joe....