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News Link • Bitcoin

The War On Bitcoin Is Proof Crypto Is Winning

• https://www.zerohedge.com, by Ton Luongo

But, it is this very kind of attack that betrays the weakness of their position.

The news of the week is payment processor Stripe just dropped Bitcoin as a means of payment saying the fateful words, "It fails as a currency."

From the post at RT:

"Over the past year or two, as block size limits have been reached, bitcoin has evolved to become better-suited to being an asset than being a means of exchange," the company said in a statement.

That's the bad news.

The good news is that Stripe still believes in cryptocurrencies, just not Bitcoin. The company's statement makes it clear it understands the issues and that other projects may be suitable for future needs, most notably Litecoin and Steller Lumens.

1 Comments in Response to

Comment by Ed Price
Entered on:

Bitcoin is just the beginning. Ether coin is showing where this will lead. Counterparty and Colored Coins are doing the same. Bitcoin transfers bitcoins, a simple quantity, or number. The others are attempting to transfer ownership, kinda like bearer bonds. Once the idea of bearer bonds in the form of contractual ownership of any property, is worked into a blockchain idea in a practical way, it will be all over for banks, lawyers, and most of the government.


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