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It's kind of a pity that three years have passed since it arguably went mainstream (among the tech literate at least) and the most prevalent use case is still by and large speculation. Making money is cool and all but the technology had a lot more promise than this.



What? Living in a country with a broken financial and banking system I'm relying on Bitcoin for storing and transferring value. Check out Bitcoin search trend for South Africa, North African countries, Pakistan, and Venezuela.

Other reasons to use bitcoin: Drugs, Money Laundering, CryptoLocker, Capital flights, etc...


Up until this month - most of the speculation has been dead. That's why coinbase is pivoting. The majority of bitcoin is being used by people who need it in order to run their businesses.


Pivoting? Adding Ethereum as another asset on their exchange is not pivoting.


i tend to think the two sides of the bitcoin: currency and tech; are at odds

when one is useless the other is valuable

there is value to bitcoin because mining is expensive

expensive nonce detection renders the blockchain inefficient

if we had superficial nonce detection the currency would be useless but the tech would become practical




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