“What kind of specific applications might Bitcoin enable? Answering that question is hard for the same reason it was hard to explain why the Internet was exciting in 1988: the applications that exist aren’t that impressive, and it’s hard to speculate about the future without either getting really technical or sounding a little crazy. But here are a few examples to illustrate what’s possible. Bitcoin is what Jonathan Zittrain calls a generative technology: like the PC and the Internet, it provides general-purpose infrastructure that anyone can use to build powerful applications. There’s no way to know how important those applications will be.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Bitcoins use by tea trade brought to notice of Ministry, board
Former Target Store Manager to Oversee Nation's Nuclear Security
Tax havens explained: How the rich hide money
Legendary Havana bar ‘Sloppy Joe’s’ reopens
Nicaragua, Venezuela willing to take in Edward Snowden
Diary of WWII German teenager reveals young lives untroubled by Nazi Holocaust in wartime Berlin
The War On Terror Has Cost Taxpayers $1.7 Trillion
NSA whistleblower Edward Snowden applies for temporary asylum in Russia
Americans Renouncing Citizenship Up 221% In 2013
Mississippi county accused of running ‘school-to-prison pipeline’
U.S. to impose 'national security' tariffs on uranium imports
Former police officer indicted for stealing $13,000 in DARE donations
Ex-CIA agent convicted of Italian kidnapping and held in Panama being returned to US
U.S. Sentencing Commission expected to recommend lower sentences for drug dealing
New report says there are still no federal safety standards for nation’s bioterror defense labs