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Title: [2014-09-03] Bitcoin's future depends on public acceptance Post by: cescan on September 03, 2014, 05:19:17 AM http://www.usatoday.com/story/money/business/2014/09/02/baverman-bitcoin/14728425/
Bitcoin, the digital currency started in 2009, is facing a problem acquiring a different currency — the kind measured in wide public acceptance. This currency deficit is perpetuated by the large conferences popping up in cities around the nation. At one event I attended last month, I was surrounded by experts and enthusiasts debating regulation and privacy and discussing the idiosyncrasies of the technology that allows transactions with digital currency. Title: Re: [2014-09-03] Bitcoin's future depends on public acceptance Post by: aigeezer on September 03, 2014, 04:50:59 PM The Gannett media empire doing its vacuous thing. Here's a little challenge for you - read the piece, then wait five minutes and try to recall anything, anything at all, that struck you as interesting or significant and that you did not already know.
A sampling of bulleted items from the piece (no kidding): • There is a thing called Bitcoin 2.0, and it actually makes sense. The technology that allows bitcoin to be securely encrypted, tracked (in a universal public ledger) and transferred between people can also be used for the transfer of other documents. Think real estate documents, business contracts, even passport or citizenship documents if the government gets involved. • The technology that powers bitcoin, called Bitcoin, paved the way for dozens of new digital currencies to be created around the world. In fact, a man named Christopher Franko in the small town of Washington, N.C., created the Frankocoin. Bitcoin levels the playing field. • Some high-profile people are excited about Bitcoin. Venture capitalist Tim Draper made headlines in July for buying at auction bitcoin seized in the Silk Road shutdown. He'll make the coins available to people in developing nations with volatile currencies. The overall theme appears to be that if BTC is not accepted by the public then it will not have public acceptance. (Something like that). Pop quiz: what state does Christopher Franko live in? Got it? - you're a BTC expert now too, go write something for Gannett. ;) Title: Re: [2014-09-03] Bitcoin's future depends on public acceptance Post by: bryant.coleman on September 03, 2014, 05:03:49 PM To increase the public acceptance of Bitcoin, we need more online retailers accepting the digital currency. Dell and Overstock are big players, but we need more like them. Also, there is a massive negative PR campaign ongoing with Bitcoin, sponsored by its rivals such as Paypal, Visa, Master, Banks and Western Union. We are not doing enough to counter it.
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