Sentences with phrase «digital cash system»

While far from perfect, the federated, ad - free structure of Mastodon is attractive to those who are also interested in peer - to - peer digital cash systems like Bitcoin.

Bitcoin was once touted as a cheaper alternative to credit cards that was going to revolutionize the payments industry, but the P2P digital cash system has hit a bit of a speed bump in terms of those long - promised «free» transactions.

During the discussion, Sztorc was able to explain the parallel histories of digital cash systems, such as Bitcoin, and the prediction markets that have fascinated him for all these years.

In an effort to continue capitalizing on this trend, WikiLeaks recently polled the public about implementing additional digital cash systems.

For many, the level of centralization found in the Bitcoin mining ecosystem is the biggest issue for the peer - to - peer digital cash system today.

While it's unclear where Bitcoin will find its place in the daily lives of an entire nation first, Snapcard Co-Founder and CEO Michael Dunworth seems convinced that there is plenty of potential for the peer - to - peer digital cash system in Brazil.

Cryptocurrency and the decentralised digital cash system has revolutionized the way we transact with value as well as invest some of our savings.

Safaricom's M - PESA digital cash system has already garnered over 14 million active users, and Switchless hopes that bitcoin will also gain traction in the country because it offers similar advantages.

The service will be developed in partnership with HashCash, a private, permisionless digital cash system, will see the latter create a clearing house and payment router enabling all transfers to Alfa bank to take place on its open source blockchain platform HC Net.

While many early Bitcoin adopters claimed the P2P digital cash system was going to replace the use of credit cards and completely overthrow the banking system in 2013, things haven't exactly panned out that way — at least not yet.

Although scalability (the block size limit) has been the main topic of conversation in the Bitcoin community over the past year, this controversy has also brought up another important subject for the peer - to - peer digital cash system: governance.

Six new banks have joined a UBS - led effort to create a digital cash system that would allow financial markets to make payments and settle transactions quickly via blockchain technology.

Although scalability (the block size limit) has been the main topic of conversation in the Bitcoin community over the past year, this controversy has also brought up another important subject for the peer - to - peer digital cash system:...

Although Bitcoin has a reputation as a haven for criminals who wish to transact online in an anonymous manner, it doesn't appear the currently available wallet options are very helpful for this potential use case of the digital cash system.

In 2013, there was a belief in the Bitcoin community that the average person would soon make all of their purchases via the peer - to - peer digital cash system, but the reality is — at least up to this point — that normal people don't seem to have any desire to use Bitcoin for everyday purchases.

It's difficult to force Bitcoin into the current legal framework because, as Winkelspecht noted, certain aspects of the peer - to - peer digital cash system may require completely new legal definitions.

In addition to the focus on international remittances, Antonopoulos also expanded on the idea that the Bitcoin device needs to teach the user about the peer - to - peer digital cash system:

His admission follows years of speculation about who came up with the original ideas underlying the digital cash system.

When Vays spoke about his vision for scaling Bitcoin, he first noted that the digital cash system may not be able to do all of the things that were promised in the early days.

For instance, bitcoin is widely acknowledged as a robust store of value, Ethereum as a network for decentralized applications, Monero as an anonymous cryptocurrency, and Bitcoin Cash as a digital cash system.

Every other attempt to create a digital cash system did n`t attract a critical mass of users.

Some in the Bitcoin community would dispute the claim that the P2P digital cash system was never meant to be a payment network.

In other words, the digital cash system was set up in a way that prevents political entities from altering the rules of the network.

As of current, Bitcoin qualifies as both a store of value and a digital cash system.

For many years, the Bitcoin community and experts within the cryptocurrency sector have debated the fundamental purpose of Bitcoin; whether it should operate more as a store of value or a digital cash system that is capable of processing small transactions with substantially low fees like Visa.

Bitcoin Core contributor Peter Todd was recently interviewed on episode 34 ofThe Bitcoin Game, and the longtime Bitcoin developer and researcher was able to explain some of the key disagreements between how the Bitcoin Classic and Bitcoin Core teams view the peer - to - peer digital cash system.