Paris Merkle Conference
The shift in start-ups promoting Bitcoin adoption to “blockchain for enterprise.” What needs to happen in order for mass adoption to occur? The most important factor in entrepreneurialism is timing; you have to wait until the density of adoption allows you to set up a market. One-sided and two-side markets. Two-sided markets are much easier with online commerce. Facebook as a physical radius bootstrapping, small focus group example. Real vs. theoretical or ideological need. You’re not going to see the bootstrapping of Bitcoin as a retail payment application among affluent, connected, banked people; first we’re going to see many of the unbanked dealing with problems. The biggest application today, outside of basic infrastructure, is remittances. 2.5 billion people around the world have zero access to banking, and 4.5 billion have limited access. Going through many complex steps to keep 15% of their money is worth it.
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Should be trending #1
if you come to Taiwan, please let me help you.
you`re my Satoshi!!!!
andreas is just awesome – down to earth, insightfull, seeing the whole picture. he is one of the few crypto-ambassadors that is not blinded by the "too the moon" and "we are gonna change everything" philosophys – gotta love this guy!
Just a thought: is it possible that for now the Bitcoin adoption rate by merchants is going to be a function of the stability of the Bitcoin price? Example: one on day you do $800 worth of business in Bitcoin with the Bitcoin price being $1000 per Bitcoin. Two days later the Bitcoin price tanks 10% to $900. So in real value terms your business just took a hit of 10% to the bottom line for that day. Now if price is quickly ramping up then as a merchant you want Bitcoin and you want the upside volatility because that would mean a gain to the business. The rub is that when there are exponential type moves up, sooner or later these will be followed by comparable corrections. This makes the prospect of keeping margin consistency quite difficult. Also this requires a realtime readjustment of pricing for products. This dynamic seems to be somewhat of a conundrum for a merchant to deal with. I would be interested in Andreas' thoughts on this.
Really happy to see comments are enabled. Great videos!
YES!! Comments are back!! Andreas, you are casting vision and hope. May you continue to run strong and fast in this benevolence movement called Bitcoin! 🙂
But for the uneducated learning how to use bitcoin is even harder…
Lets all take a moment to appreciate aantonop
2017 year of the comment section
So me buying bitcoins helps poor starving people in other countries by increasing the value of their bitcoins. 😀
Shoutout to iPhone users who thought that triforce was a new button
Spot on as usual! Western Union will go the way of the typewriter with Bitcoin!
Can anyone tell me where I can find the 26 page manual Andreas is talking about?
I love this dude!