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Title: Bitcoin is a consumer product Post by: a_soloviev on January 08, 2018, 03:52:34 PM I think that the most far-reaching implications of Blockchain technology and cryptocurrencies are economic, rather than technology-focused. They lie in the unprecedented personal economic incentives that will lead to formation of new global networks and consumer marketplaces. And they will greatly enhance the existing ones, adding the proverbial “invisible hand” and self-interest to the power of social, interest or emotional graphs proven in the internet era.
The nature of my interest stems from a healthy dose of crypto-enthusiasm, some relevant investments and traditional capital markets experience. More importantly, it continues from there, as we are implementing a blockchain-based digital economy within one of the largest, most engaged and economically powerful global online consumer groups — the moms. I will elaborate at another time on our existing product/community, a decade worth of online experience with that demographic and the role of Blockchain within that. At this point, I wanted to offer a personal perspective on the prospects of Bitcoin, including the community division and debate, through the prism of our thinking. Bitcoin is a beacon and the most important cryptocurrency in our work. That is because we believe it to be a new type of a social network, where scalability is driven by a shared economic endeavor, as per at least one remarkable thinker on the history of money and blockchain. More: https://medium.com/@sergeyshenderov/bitcoin-is-a-consumer-product-a444ff005cd |