How One Bitcoin Startup Is Changing Public Perception Of Bitcoinhttp://www.forbes.com/sites/jonathanchester/2015/12/28/how-one-bitcoin-startup-is-changing-public-perception-of-bitcoin/Had you ever heard of Bitcoin before seeing the title to this article? What do you know about it? That it’s a way to buy illegal drugs? That the CEO died? That it’s gone bankrupt? There are grains of truth in each of these statements. Those of us with going concerns that aren’t engaged in crime or falling into ruin have to cope with the perceptions those grains create.
Released in 2009, Bitcoin is still very new, as far as network-centric applications go. The blockchain and the peer to peer connections used can be compared to other network applications like DNS, the domain name system, which was released in 1984, and which is still being refined and extended today. Immaturity in blockchain based currencies like Bitcoin is clear; the seven transactions per second and half hour verification times are issues that will have to be addressed as volume increases.
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