Isaac Morehouse on why tiny payments are a big deal: Part 2
In part two of his "Tiny payments are a big deal" video series, Isaac Morehouse discussed how tiny payments could change the world, the original promise of Bitcoin, and more.
In part two of his "Tiny payments are a big deal" video series, Isaac Morehouse discussed how tiny payments could change the world, the original promise of Bitcoin, and more.
Bitcoin users have begun to notice connections between some major projects and financial organizations like the World Economic Forum, these connections are real, but it's only scratching the surface.
In addition to the new regulations regarding rules for digital currencies, the U.S. Treasury also warned exchanges not to facilitate transactions for individuals or entities on the sanctions list.
Jack Dorsey’s digital payments company Block (formerly Square) is generating tons of BTC-related revenue but channeling only a tiny portion of that to the company’s bottom line.
Constant demand for an asset implies constant usage and a wide consumer base. If demand rises for an asset that is limited in supply how can the price remain low?
Some Bitcoin anarchists and libertarians believe that Bitcoin allows them to remove the power and control from the government and the state, driven by a completely free market ideology.
The truth is, BTC does not do a majority of the things that it's marketed to do, and now that the world is putting its narratives to the test, BTC is failing in nearly every department.
CoinPool promotes itself as a way to increase "coin onboarding and transactional scaling by orders of magnitude," but in reality, it's another bolt-on "fix" that takes transactions off the blockchain.
As the price drops, BTC’s ineptitude is becoming more widely understood, especially as it continues to demonstrate its failure as ‘digital gold’ situations where it should shine.
Investor and Vice-Chairman of Berkshire Hathaway Charlie Munger also said he was proud to have never invested in BTC or other cryptocurrency and likened them to venereal disease.
After the seizing of tens of millions of dollars through GoFundMe, BTC maximalists saw this as their moment to prove how an allegedly decentralized, censorship-resistant, anonymous monetary network could save the day.
El Salvador’s authoritarian president is none too pleased with U.S. politicians’ plan to monitor his country’s half-baked adoption of the BTC token as legal tender.