With all the news about the adoption of bitcoin and that its price for the year rose to $ 10,000, few people understand that the popular cryptocurrency uses less than 1% of the world population. Bitcoin around a lot of noise, but he remains a "small fish" in the ocean of the world economy.
Many compare bitcoin with a bubble and companies that attract money of the population below after just disappear. But Bitcoin is not a company, and the technology, and therefore more accurate in comparison with Email at the dawn of the 1990-ies.
Back in 1994, email was used 0.25% of the population around the globe. However this technology was not new, Email was invented in 1972. Something similar can be said bitcoins. It was invented back in 2008, and received relatively wide-spread recently.
To turn email from toys for the techno-geeks in the application for mass use, it was necessary to go through several stages. First, the technology had to evolve to become habitual, stable, useful and informative. Second, the e-mail were to become available. Thirdly – Email was supposed to increase the user base, which would determine the technology's value.
Such milestones and bitcoin. However, he has already began its movement. The first signs of the adoption of cryptocurrency appeared when exchange Coinbase did the bitcoin market is easily accessible, convenient and user-friendly in 2013.
Now, in 2017, bitcoin proved the stability of the Protocol, having gone through the rehearsal canceled SegWit2x and further short confrontation with Bitcoin Cash. The value of bitcoin is proved not only by the cost of "production" and not just speculation on the stock exchanges. The special value of cryptocurrency is that it is an alternative to the governance of banks.
And while the cryptocurrency is still a long way to adoption and diffusion, bitcoin has made a major breakthrough over the past three years, and has reached the level when it began to be taken seriously.
the authorship belongs to:Alain Filippenkov | November 28, 2017 18:36
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Great article, thank you.
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