GOLDSTEIN: As promised, we went out and got Ipsos, a real polling firm, to ask 900-and-some Americans - a representative sample of Americans this question. Have you purchased anything using bitcoin as your payment in the last month? The percentage of Americans who said, yes, is three - three.Horowitz ended up admitting to something that a lot of people on this sub have been saying for a while as well:
HOROWITZ: All right.
GOLDSTEIN: Now, they did ask those people - the people who said they had, they said, at what merchant did you make the purchase? And I have some of those answers. And it suggests that the 3 percent is a little high.
GOLDSTEIN: If you go down this list, somebody said Gaia Ethnobotanical, which I looked up - in fact, does accept bitcoin. Subway - I think some Subways accept bitcoin. But there's also a bunch that say - this one says Litecoin. A few say Coinbase, which is a bitcoin cryptocurrency exchange. So these people are using bitcoin to buy other cryptocurrency.
KESTENBAUM: That's what Ben thought would happen with bitcoin. He thought the code that powers bitcoin would just get better and better and, very quickly, it would obviously be this safer, faster, more private, cheaper way for people to buy stuff online. That did not happen.And Salmon, the guy who bet against Bitcoin, hits on the real paradox of Bitcoin:
GOLDSTEIN: No. Bitcoins just became so valuable that the people who worked on the system didn't want to make it any better. They just wanted to lock everything down and keep it the way it was.
HOROWITZ: I think that what happened with bitcoin is that there is kind of one very, very strong need among the kind of investors/miners, which is that the code and the meaning of the code would not change.
SALMON: I - honestly, I was looking back. I mean, there were two things which I expected would happen which didn't happen. One is I expected the price would probably go to zero, and it didn't. It went way up and to the right.
And the other is that I expected that there would actually be use cases over the following five years that, even if people weren't using it to buy stuff in stores, and that was my side of the bet, I imagined it would be used for remittances, or, somewhere along the line, it would have evolved. Especially if it had grown to be worth thousands of dollars per bitcoin, then it would be used for something.
GOLDSTEIN: So it's more valuable and less useful than you thought.
Cryptokitties is a blockchain-based virtual game that allows players to adopt, raise, and trade virtual cats using Ethereum. The game was made by Vancouver based blockchain company Axiom Zen. Sales of Hi. I'm an economics reporter with NPR. We're updating some of our bitcoin reporting for this week's show. I'm hoping to find people in Europe... use the following search parameters to narrow your results: subreddit:subreddit find submissions in "subreddit" author:username find submissions by "username" site:example.com find submissions from "example.com" There is a lot of focus on money flowing to ICOs and Web 3.0 applications. However, the amount of spending in the Bitcoin network dwarfs everything else in blockchain. “You have Billions of dollars’ worth of infrastructure, electricity spending, facility spending, to secure the Bitcoin network, that is a network effect, that is power” – Matt D’Souza; Counter-balancing the Sell ... Bitcoin, the digital currency that trades outside the control of central banks and international borders, reached new heights Tuesday, surpassing the $200 mark for the first time. That level comes ...
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