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This is a neat analogy. The biggest hurdle to using Bitcoins now is the (lack of) ease of use. There's a potential startup culture here that takes transaction f
by creativeembassy 15y ago
This is a neat analogy. The biggest hurdle to using Bitcoins now is the (lack of) ease of use. There's a potential startup culture here that takes transaction fees from Bitcoins, and presents them in a easier formats to use and transfer. Once that problem is solved (and the adoption of the internet had to solve the exact same problems), then the audience will follow.
- GFischer 15y agoI disagree. The biggest hurdle is that the use of Bitcoins as currency probably either already is or will be made illegal. In my country I'm pretty certain it's already illegal (there are some provisions regarding electronic currency). It's even worse in countries with exchange controls (like Argentina). Edit: our laws are so badly redacted that Linden Dollars, Facebook Coins and all that are probably illegal as well, but nobody cares, unless they get popular. The fun of selectively enforced laws ...