30 Jun '16, 2pm

How Governments Subsidize Bitcoin's Usefulness and the Bitcoin Price

Bitcoin Core contributor, Peter Todd , was recently interviewed on Bitcoin Uncensored by co-hosts Chris DeRose and Joshua Unseth . Ethereum , The DAO , private blockchains and many other topics were discussed but DeRose turned the conversation toward an often-discussed concept (at least on Bitcoin Uncensored ) near the end of the show: The idea that governments essentially subsidize the usefulness of Bitcoin and the bitcoin price through their various regulations. Bitcoin Fulfills a Need in the Market There are many types of applications that people want to build with blockchain technology but only a minor fraction of these projects have found any use in the real world. While there are plenty of techno-geeks who think it’s cool to play around with various cryptocurrencies and blockchain-related projects, Bitcoin seems to be the only blockchain system that has seen use outs...

Full article: https://bitcoinmagazine.com/articles/how-governments-subs...

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