Apps, Blockchain, and Digital Currency

Apps have changed the way we view money as, since now we can put money in a bitcoin now. Because of this,     apps have changed the digital delivery marketplace. Money can spread faster now. In the text, ” The Fierce Battle for the Soul of Bitcoin,” by Robert Mcmillan, it says,” Once the domain of hackers, libertarian activists, and drug dealers, bitcoin has been adopted by a growing number of mainstream businesses. You can use it to buy a mattress on Overstock.com or a laptop from electronics seller TigerDirect; Zynga will soon begin accepting it for in-game payments. Last year more than $100 million in bitcoin transactions was processed and the value of bitcoins shot up from $13 to $1,200, despite the fact that regulators in China were cracking down. Even when one of the world’s best-known bitcoin businesses, a Japanese exchange called Mt. Gox, closed after being hacked—customers lost currency worth hundreds of millions of dollars—new exchanges launched, the value climbed back up, and the mainstreaming of bitcoin rolled on. Regulators are taking a hard look at the bitcoin economy, but investors and entrepreneurs keep coming.” Also, bitcoins were created by a global network of computers and protected by the cold rationality of mathematics and the laws of supply and demand. Because of apps, transactions are faster and more people are using it.  Despite a lot of people using bitcoin, I still think that bitcoin will messed up and alot of people will lose their money because. Not alot of people knew what was bitcoin 7 years ago and their is always one person away from making a better app that will put competition on bitcoin. Digital currency in the future will still be relevant, it will be used as actual money though. Because people fear that one day these type of apps will get hacked or shut down, that’s why it wouldn’t be the actual currency. Despite their flaws, bitcoin helps. It is international so anybody can be on it. Since other countries have different currency, and they are worth a different amount then other countries, peope don’t have to trade their money to get different money.

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