30 Jun '16, 7pm

Bitcoin Still Not Ready for Prime Time, Citi Says - Wall Street Journal (blog)

A “relatively good experience” has been a problem for bitcoin for several years now. The vast majority of consumers, certainly in the developed world, simply don’t care about the benefits of decentralization and anonymity. What they would value is a clean, easy-to-use product, and nobody in the bitcoin industry has yet to build the proverbial “killer app” that meets that goal (with one or two possible exceptions, see below). Bitcoin has excited cryptoanarchists, tecchies, entrepreneuers, and Wall Street – and in the wake of the Brexit selloff has been touted as the new gold, essentially – but it has had limited luck in cracking the consumer market.

Full article: http://blogs.wsj.com/moneybeat/2016/06/30/bitcoin-still-n...

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