Reflections on Bitcoin – 9
Bitcoin continues to gain momentum. There are different estimates of how many merchants accept BTC, but there are thousands. Coindesk said that innovative merchants have been installing bitcoin payment-processing services in their stores and integrating it into their POS and ordering systems. Coindesk points out that bitcoin is a great way for merchants to appeal to […]
Reflections on Bitcoin – 8: The Coming Digital Anarchy
The pace of all things Bitcoin is picking up. On the tactical front, Expedia has announced that hotel reservations can be paid for with Bitcoin and processed through Coinbase, the Bitcoin payment processor. Expedia reportedly has plans to extend Bitcoin purchases to airline and car rental reservations in the near future. To Expedia, the new […]
Reflections on Bitcoin – 7
The value of a Bitcoin is up approximately 50% from recent lows. Does this mean just a spike among speculators, or does it reflect increasing belief in the fundamentals as described here numerous times? I see coinbase.com as a proxy for the future of Bitcoin. The company is based in San Francisco, California and claims […]
Reflections on Bitcoin – 6
Bitcoin may really take off in the ecosystem of college campuses. Two MIT students raised a half-million dollars and used the proceeds to give $100 worth of bitcoin to approximately 5,000 undergraduates on the Cambridge campus. The intention of the donors was to give students the opportunity to “learn, build, and experiment with the capabilities of cryptocurrency”. Coinbase, the digital […]
Reflections on Bitcoin – 5
Bitcoin continues to be volatile, having its ups and downs, just like a baby during infancy. Will BTC learn to walk, run, sprint? I think so. I always hedge my statements about BTC by saying it could go the way of Napster. It could, but I do not think it will. Mainstream bankers and others […]
