Bitcoin is open-source, global, and requires no permission from anybody, so thousands of entrepreneurs are gravitating in and building their vision.
Copied to Clipboard
Copied to Clipboard
The number of industries, communities, habits, traditions, and even interpersonal interactions that Bitcoin has the potential to revolutionize is massive.
Copied to Clipboard
Copied to Clipboard
The Dwolla incident was to be expected. The government will go after sites that it thinks are supposed to register as money transmitters. Some Bitcoin companies will register as such, and some won't, but business will carry on regardless.
Copied to Clipboard
Copied to Clipboard
The big exchanges that hold customer deposits are a big target for hackers, and unfortunately, most bitcoin exchanges store user funds.
Copied to Clipboard
Copied to Clipboard
Most 'digital currencies' are not really digital currencies at all.
Copied to Clipboard
Copied to Clipboard
Bitcoin will hit thousands of dollars per coin, because it's worth at least that much, or it's worth zero.
Copied to Clipboard
Copied to Clipboard
ShapeShift has no user accounts, signup, or registration process whatsoever. But it's faster and far more convenient than traditional exchanges.
Copied to Clipboard
Copied to Clipboard
Bitcoin is two things which share a name. One, it's a payment system, and two, it's a currency. You use the Bitcoin payment system to send bitcoins as currency from one account holder to another. The transfer is instantaneous, carries no fee, works anywhere in the world, and is private.
Copied to Clipboard
Copied to Clipboard
Personally, I had over 550 BTC in Gox. I will never get any of that back.