Bitcoin’s Killer Application: “Skin In The Game”
Bitcoin has soared in 2020 and everyone is talking about the price. But I want to talk about how Bitcoin is actually being used and the new capabilities it enables. Sure, bitcoin is the hardest form of money that exists and the best store of value. But it is also the most practical form of digital value that we have, as it is global, interoperable and programmable. So, what other use cases does Bitcoin enable? And what are the revolutionary new capabilities that people didn’t even know they needed Bitcoin for? The team at ZEBEDEE had a very simple idea. The purest form of global,....
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What is Bitcoin’s most effective application? That is not an uncommon question in the cryptocurrency space, with people often looking for “killer apps.” I once saw a presentation for someone whose blockchain project was titled, literally, “killer app.” Was it an abstract art project, or a new and revolutionary blockchain tech? A killer app is used....
Bitcoin being its own killer app and its use-case as a stealth instrument for solving international remittances are just two highlights from the 2017 North American Bitcoin Conference (TNABC) currently underway. TNABC: ‘Bitcoin is Bitcoin’s Killer App!’ The annual event, which traditionally showcases the biggest innovations in crypto with big announcements from startups, finishes today in Miami. Speeches are coming from some of the industry’s biggest names, including Roger Ver, Charlie Shrem and even John McAfee. The mood is cautiously optimistic this year, with many celebrating Bitcoin’s....
Just a few months ago, I sat on a panel at the Blockchain New York Conference at PwC. As a panel, we discussed, “The Promise of “The Internet of Money” with a particular angle on whether or not Bitcoin is a distraction, or has merit moving forward. How could Bitcoin be a distraction? Bitcoin is Still Very Relevant. Bitcoin is the blockchain’s killer....
Speaking to Financial Times, co-founder of the San Francisco-based Bitcoin exchange Coinbase, Fred Ehrsam said, "In 10 years I think we are going to be sitting here and the internet will look a lot prettier because Bitcoin came into existence." Bitcoin's Killer App Will End Spam. Danish Bitcoin exchange CCEDK launched a crypto-debit card recently and called it the "killer app" that the Bitcoin community deserves. However, Fred differs saying that Bitcoin's killer app will end spam. "The internet has never had economics properly embedded into it. Say you pay one-hundredth of a cent to send....
Though undeniably popular with its ardent supporters, bitcoin is arguably still searching for a practical application that makes it indispensable to mainstream users. That doesn't mean there aren't real use cases for bitcoin that could bring the kind of payments revolution many in the industry are hoping to achieve, though. Being both digital and decentralized, bitcoin is already a globalized electronic currency that operates across international borders. These traits are a key reason why many believe the first true killer application for bitcoin will be travel, and mainstream businesses....