Tag: Adoption

The Secrets Of The S Curve: Why Bitcoin Adoption Takes Longer Than You Think

coiner

This is an opinion editorial by Bitcoin Graffiti, a software developer and graffiti artist. In 1714, the British Parliament introduced the Longitude Act, a law rewarding a £20,000 bounty (more than $1 million in today’s money) to anyone who could accurately determine longitude at sea. Captains had been struggling with poor navigation since the onset of global trade. Though sailors could easily measure latitude by gauging the sun’s height, longitude was very hard to determine and inapt techniques veered vessels of course. Without visual bearings, humans were sailing blind on…

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‘Bitcoin Jesus’ says Ethereum is the front-runner for global crypto adoption

coiner

Early Bitcoin (BTC) investor and Bitcoin Cash (BCH) advocate Roger Ver claimed that Ethereum, not Bitcoin, will be responsible for driving the bulk of new users towards crypto.  On a May 31 episode of the Show Me The Crypto podcast, Ver — labeled “Bitcoin Jesus” for his early Bitcoin advocacy — said that despite Ethereum’s scaling issues and the other layer-one “clones” that have popped up in its wake, the Ethereum ecosystem is still where the action is: “Even though Ethereum doesn’t have the biggest market cap compared to Bitcoin,…

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U.S. Senators Introduce Bill Requiring Reports On El Salvador’s Bitcoin Adoption

coiner

A group of United States senators have introduced a bill requiring reports on the adoption of bitcoin as legal tender in El Salvador.  The “Accountability for Cryptocurrency in El Salvador Act,” introduced by Senator James Risch, Senator Bob Menendez, and Senator Bill Cassidy, requires the Secretary of State, in coordination with other relevant Federal departments and agencies, to submit a report on the adoption of bitcoin as legal tender in El Salvador. The report must include an assessment of the regulatory framework in El Salvador and the potential impact of…

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