bitcoin Headline News January 12th, 2019 **Special Saturday Edition** 📊📰📈🚀
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I’m As Certain As Ever – bitcoin’s Revolution Is Only Just Beginning
Tim Draper is a founding partner of Draper Associates and headmaster at Draper University.
http://bit.ly/2M8kRyG
It wasn’t 10 years ago, but more like 15, when I first saw the potential for a digital currency. I’ve been through some big up and downs in bitcoin [BTC]. But today, I’m more certain than ever that the bitcoin [BTC] revolution is coming.
In 2004, I learned from a wealthy Korean industrialist that people were paying real-world money for digital items like weapons to use in massively multiplayer video games. The game was “Lineage,” which was taking Seoul by storm.
It got me thinking that there was an amazing business in virtual goods coming.
Later, Joel Yarmon first introduced me to bitcoin [BTC] in about 2011. He brought in Peter Vincennes and his company Coinlab to pitch us. [BTC] was a new currency that could be used to store value and pay for anything, not just for advancement in a video game.
I quickly absorbed the basics of bitcoin [BTC]: miners, wallets and such. The decreasing number of bitcoin [BTC]s available to be mined over time meant that the price of a bitcoin [BTC] would increase in value as fewer bitcoin [BTC]s were mined and usage increased. In fact, as bitcoin [BTC]s spread and their usage increased, it was likely that the currency would become more valuable.
http://bit.ly/2M8kRyG