Adam Ludwin on Bitcoin
Created by the pseudonymous Satoshi Nakamoto in 2009, Bitcoin is a peer-to-peer electronic cash system.
Bitcoin reviews by Adam Ludwin
All Bitcoin reviews by expert Adam Ludwin.
[W]hat *are* people buying with Bitcoin that dwarfs its use in traditional e-commerce and on the dark web? Remarkably, the answer is something that DIDN’T EVEN EXIST when the Bitcoin paper was published and ONLY EXISTS NOW *because* it was published.
The answer is that, so far, the primary “commerce” use case emerging for Bitcoin is to buy *other digital assets*.
In just the last couple years, billions of dollars in purchases of digital assets have been made with Bitcoin (and Ethereum). . . . Bitcoin and the broader cryptocurrency ecosystem has giving rise to an emergent “commerce” use case that no one, including Satoshi, could have predicted.Full review