The Blockchain in Society, We’ve Stopped Trusting Institutions and Started Trusting Strangers, Rachel Botsman on TED, June 2016
Blockchain in Pop Culture, Lovesong for Satoshi Nakamoto Whitepaper by “Bitcoin Girl” Naomi Brockwell, November 2015
You can also search “Kasotsuka Shojo” which translates to “Virtual Currency Girls” for the Japanese pop group.
- Click here to search “cryptocurrency” on this site and see all crypto-related content.
My Personal Conclusion on Cryptocurrency (For Now)
The idea behind Bitcoin is that you do not have to trust banking institutions. The transactions are verified by the technology / other users. I researched signing up for Bitcoin, and decided not to. The problem I found was in order to access the blockchain and “own” Bitcoin, you need a computer program to do it. The computer program is written by a coder and I am not going to take the time to understand the code. Therefore, instead of trusting an institution, I am trusting the coder who is the middleman who wrote the code. I actually trust both the banks and the coders (with a little research), but I do not have a reason to switch. The only advantage I see is that there is no tax trail, but I am not paying taxes on these transactions anyway. I don’t need a brand new currency in my life. Sticking with PayPal, Venmo, TransferWise, and dollars, for now!