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.
Felix Salmon. Articles From This Author. OPINION. ... Salmon: The Bitcoin Bug Bites SecondMarket. By Felix Salmon. ... Why the Internet Is Perfect for Price Discrimination. By Felix Salmon. Sep 10 ... By Felix Salmon. November 30, 2013. ... Check out these three one-year charts of the bitcoin price: The first chart is the year to June 2010; the second is the year to April 2013; and the third is the current chart. Without looking at the y-axis, they’re basically identical. A few days ago, the value of all the bitcoins in the world blew past $1 billion for the first time ever. That’s an impressive achievement, for a purely virtual currency backed by no central bank ... 1) Felix Salmon has a nice analytic essay about the rise of Bitcoins and what they say about the future of currency. Here are two key passages: Here are two key passages: Felix Salmon’s Bitcoin FUD. Felix Salmon has a very good job. He gets paid—and paid well—to pretend to think. He’s very good at it. You have to respect anyone who’s good at his job. But if by some misfortune you are actually capable of thinking for yourself and, worse, enjoy it, you cannot have Felix’s job or any job like it.
[index]          
Close. This video is unavailable. xrp bitcoin price bitcoin crash vechain price prediction cryptocurrency btc eth litecoin ripple cardano cryptocurrency news monero My Website - Learn To Trade Crypto Like A PRO! Bitcoin is taking off and its for good reason, should you buy Bitcoin now or wait? Disclaimer: We are ambassadors or affiliates for many of the brands we reference on the channel. As an Amazon ... Felix Rex Recommended for you. New; 12:22. THIS BITCOIN CHART IS MOONING and nobody is talking about it!!! - Duration: 10:49. ... 🔵 $211,000 Bitcoin price - Jan 2021 - Duration: 17:06. Bitcoin-Price Crypto Fundamental Analysis 1,093 views. 20:41. ... Ben Felix Recommended for you. 9:39. 20 Habits of Highly Successful (and Wealthy) Traders - Duration: 40:13.