Posts by Krumpinstyle

Bank of America: Bitcoin could become THE currency of e-commerce

Re: Flawed assumptions

The protocol currently CAPS at 7 TPS. It is arbitrary and set so that fools do not try and explode the block cahin size before it is ready. Will be lifted next year.

www.crypto-coins.org

BofA gave target of $1300 for Bitcoin, but I am not so sure. That total leaves off the fact that content providers on the internet will adopt Bitcoin as a way to replace a faltering ad revenue based model. Many of the kids these days are using Ad Blocker, and advertisers are going to become more frugal with their ad campaign buys. WSJ and ESPN Insider already have pay walls, which are larger ineffectual due to the annual subscription. A Bitcoin add-on to your browser that lets you pay a pennies worth of Bitcoin to a site to view the content. Problem solved, and when this trend really matures, who knows what the internet evolves into.

However, if the $1300 price assessment is right, which it isn't, but f it is, it would be wise to look at the 2nd generation of crypto-currencies in the mid-term. They trade against Bitcoin and some are making stride against their bigger brother. Litecoin for example is trading at ~$41. They are others of course, check out our currencies page for more data.

Check out Crypto-coins.org for information on Bitcoin, Litecoin, and the other alts that currently trade.