Brock Pierce inside the former Children’s Museum in Old San Juan, P.R., which he and his colleagues hope to make part of a crypto utopia where the money is virtual and the contracts are all public.
It’s quickly becoming apparent that blockchain technology is about far more than just Bitcoin. Across finance, healthcare, media, government and other sectors, innovative uses are appearing every day.
Predicting the future requires hubris, and it should therefore be met with more than a terabyte of skepticism. In past years, I’ve made some calls that have proved prescient like predicting way back in 2011 that social media would determine the U.S. presidential election. Meanwhile, some took decades longer than I had foreseen such as my 1992 prediction that this new thing called the Internet would lead Hollywood studios to merge with telecommunications companies.
Everipedia today announced Wikipedia co-founder Dr. Larry Sanger would be joining the company as it prepares to bring its online encyclopedia to the blockchain.
Japan has risen above the U.S. in the worldwide rankings for the largest bitcoinexchange market. The country now accounts for roughly 48 percent of the global market share, reaching a high of 51 percent over the weekend.
With the cryptocurrency market cap now estimated to be in the hundreds of billions of dollars and a sort of familiar frenzy kicking into overdrive, here’s another reminder that widespread adoption by the U.S. public has not yet materialized.
Bitcoin has been around since 2009, but it really wasn’t until recently that it finally hit the mainstream consciousness of investors and the general public. As of this writing 1 bitcoin is now worth over $5,600 USD. And its meteoric rise doesn’t look to be abating any time soon. Its potential to reshape how we understand and use money is real. But the big question is why are banks and governments so steadfastly against it?