Why We Should All Hope Bitcoins Go Mainstream - InformationWeek

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Why We Should All Hope Bitcoins Go Mainstream
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Lorna Garey
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Lorna Garey,
User Rank: Author
2/26/2014 | 3:03:22 PM
Re: Nothing backs Bitcoin
Governments certainly seem to see cybercurrency as a threat, above and beyond the possibilities for illegal activity. The US and Japan are investigating Mt. Gox and will, I imagine, do what they can to maintain the status quo.
Lorna Garey
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Lorna Garey,
User Rank: Author
2/26/2014 | 11:10:24 AM
Re: Big, big money
Right, that's my point about fluctuation. However, if Bitcoins were more mainstream, why would you NEED to exchange them back to dollars? You as the deli owner would simply pay your bread supplier with the bitcoins you earned selling sandwiches.
Lorna Garey
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Lorna Garey,
User Rank: Author
2/26/2014 | 11:10:24 AM
Re: Big, big money
Right, that's my point about fluctuation. However, if Bitcoins were more mainstream, why would you NEED to exchange them back to dollars? You as the deli owner would simply pay your bread supplier with the bitcoins you earned selling sandwiches.
Lorna Garey
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Lorna Garey,
User Rank: Author
2/26/2014 | 10:01:07 AM
Big, big money
Establishing a competing payment system to challenge MC/Visa seems akin to taking on the Comcast/AT&T duopoly - prohibitively expensive and with such a regulatory obstacle course than only an entity on the scale of Google or Amazon could really make a go (Google Fiber).

Even PayPal and Square can be pricey for small businesses. On the downside for cybercurrency, however, are the sometimes wild fluctuations. An SMB accepting payment for your sandwich in bitcoin can't be sure that next day, it really gets the full amount. Do you see any cybercurrency addressing that issue?


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