From my own personal experience, I have found the above sentiment to be completely true.
Iâve met many critics of Bitcoin who have never used it. Iâve met few critics of Bitcoin who have.
Earlier today, I came across a very powerful quote on Twitter by Erik Voorhees:
As Coindesk points out, last November Rascoff said on Bloomberg TV:
â Erik Voorhees (@ErikVoorhees) March 11, 2014
â Jimmy Wales (@jimmy_wales) March 6, 2014
Wales subsequently posted a BTC address and the unsolicited donations started flooding in. I guess this was the Bitcoin communityâs way of demonstrating its power (just as it did with the $28k recently donated to Dorian Nakamoto). By the end of today, the donations had climbed to over $11k. He tweeted:
Playing with BTC today: I just bought 0.1 bitcoin with @Coinbase! https://t.co/rU2JBWB2AB
â Spencer Rascoff (@spencerrascoff) March 10, 2014
The more people actually look into Bitcoin, rather than simply dismiss it with superficial judgments, the more people recognize its incredible potential. A recent case in point seems to beÂ Spencer Rascoff, CEO of online real estate databaseÂ Zillow.
Thx to @brian_armstrong for the @coinbase tutorial. Iâm reconsidering my skepticism on Bitcoin. cc @SaraEisen
So whatâs Big Fish?
Meanwhile, just last week the co-founder of Wikipedia, Jimmy Wales, tweeted the following:
Time for me to go to bed after a long and interesting day: 17.88428302 BTC â 11,235.26 USD.
âI am sceptical of bitcoin. I just think thereâs too much shadiness associated with the currency thatâs not maintained by some sort of government or central bank. And I think it will blow up at some point, with some big scandal where someone loses 50, a 100 million dollars, and I donât think it is going to be here in five years.â
Well, $475 million in customer funds have been lost via the Mt. Gox debacle and, despite some wild prices swings, there ultimately has been zero price impact. To borrow a phrase from Nassim Taleb, Bitcoin is the definition of anti-fragile.
In Liberty, Michael Krieger
The reason Bitcoin refuses to âdieâ, is because it represents a genuine technological breakthrough in payments. The reason it hasnât been exposed as a âponzi schemeâ, is because it isnât one.
Founded in 2002,Â Big FishÂ is the worldÂ¹s largest producer of casual games, delivering fun to millions of people around the world through its digital distribution, mobile and e-commerce game platforms. To date, Big Fish has distributed more than 2 billion games to customers in 150 countries from a growing catalogue of 3,000+ unique PC games and 400+ unique mobile games. In 2013, the companyâs mobile revenues were almost 50% of it overall gross revenue. âBig Fish Casinoâ lead the way and was the only casino game to be named on both of Appleâs 2013 top-grossing iPad and iPhone charts.Â Â The company is headquartered in Seattle, WA, with regional offices inÂ Oakland, CA, andÂ Luxembourg.
While increased mainstream adoption by influential individuals is important, merchant adoption is equally key, and good news on this front has continued with todayâs announcement by Big Fish that it will use Coinbase to accept payments inÂ BTC.
It seems that time (and a conversation with Coinbase CEO Brian Armstrong) has changed his tune. Yesterday, the Zillow CEO Tweeted:
â Jimmy Wales (@jimmy_wales) March 11, 2014
The company had $266 million in gross revenues in 2013. The company also provided a brief tutorial on how to use Bitcoin to pay for its products.
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