Some of the creepiest things happen in the tech world. A person or a group of people make a breakthrough product and run away or disappear. The alias has gone, the paper lives and people till date, which is 9 years after it first showed up, and there is still debate happening on it.
Yeah, no this is not about making it is about owning it. Think about it, when Bitcoins actual parents vanished, who took care of it? We all know that it works on itself, the people who mine it own it, the network is thus, decentralized. This is all very simple and basic knowledge that most people in today’s saucy tech and content oriented world of knowledge know that.
After the miners mined it and the currency was picking up some pace, it caught the attention of business people right. Big corporations hate competition, then big banks tried to look into it, understand it, buy it for some time and then drop it to create their own blockchain based solutions and cryptos. Before, doing so they make silly remarks that sometimes pivot its value to a crazy low. Wow! What a world, surprised?
No, Amazon does the same with its sellers, invites them to sell, sees how they do things and what really sells, contacts the grassroots suppliers and cuts a deal way cheaper and steals customers.
Well, poor poor Bitcoin, small businesses looking to expand love it, bigger businesses envy it, some understand it, some do not. Walmart has a chocolate shaped like bitcoins that has sold for as low as 6 for a dollar.
The currency has risen and fallen, all based on what the people think its value is, the currency is not backed up by anything and still it has risen more and more and it beat the dollar to its own game. Finally fiat has a rival and this one crosses borders more easily, yes it is slow and it may be hacked occasionally thanks to the skillful hackers, but fiat hacking is more popular, bank hacking, atm jacking are all the concepts of the 21st century.
If big corporations picking up transactions every ten seconds allow bitcoin this would change tremendously.
We are talking Walmart, Costco, Tesco, Primark, IKEA, HyperMarkets.
Netflix accounts for the 15 % of global bandwidth used, it is huge, imagine it allows bitcoin enthusiasts for it where the banking system is so bad and people can not pay for it despite having the money for it and the will. Bitcoin can penetrate online markets and the digital world can be its new best friend, the celebrations and tests have begun, the question is will these giant and cemented hypermarkets join in or not?