"No one owns it, and no one uses it."
That's how BlockTower Capital's Ari Paul described bitcoin (and, really, cryptocurrency in general) multiple times during his keynote at PennBlockchain on Friday, the inaugural crypto conference by students at the University of Pennsylvania's Wharton Business School.
While it might not sound like it, Paul emphasized bitcoin's low adoption as a rallying cry. In fact, taken in total, the conference in West Philadelphia felt mainly like a day of recruiting pitches by crypto luminaries.
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https://www.coindesk.com/dear-students-everything-bitcoins-way-1-billion-opportunity/Why does the subject sound too misleading and in contrast with the text?
I, too, am bothered about how Bitcoin is performing in terms of adaption because there is no country yet that categorically accedes to the existence of Bitcoin. At best, only few merchants accept such as a form of payment; and in such slightest circumstances, its governments require the latter to pay the corresponding taxes earned in Bitcoin. In other jurisdictions, there are no merchants that accept Bitcoin as a form of payment YET their respective governments require the latter to pay taxes due the government from profits earned in Bitcoin. These are only the development as of writing despite Bitcoin's magnificent peak in 2017. Why so? This is quite disturbing.