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Michael Jackson is the former COO of Skype, a current venture capital investor at Mangrove Capital Partners and a board member at bitcoin wallet provider Blockchain.
Here he explores the importance of creating bitcoin products and services that will delight users globally and prove the technology's worth in 2016.
Here he explores the importance of creating bitcoin products and services that will delight users globally and prove the technology's worth in 2016.
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Like with VoIP, global adoption of bitcoin and blockchain technology will take time. But it’s already happening. It will be in the background, but just as ‘communications’ now is a part of many apps – from Facebook to call centres, so will transactions powered by blockchain be more and more prevalent.
Despite our lack of progress, we have something precious. Anecdotally, I can’t think of a single other back-end system that has been online for seven years without a glitch, running 24 hours a day, seven days a week, 365 days a year. The bitcoin blockchain has proven its resilience. In fact, a quick review of some stats points to hardening and maturity across the network.
Despite our lack of progress, we have something precious. Anecdotally, I can’t think of a single other back-end system that has been online for seven years without a glitch, running 24 hours a day, seven days a week, 365 days a year. The bitcoin blockchain has proven its resilience. In fact, a quick review of some stats points to hardening and maturity across the network.
I think that guy got it right.
Adoption on a global scale will take time and not happen in 1 or 2 more years.And this is good because Bitcoin will need that time, especially in terms of scaling, not an easy task when decentralization and censorship resistance shold remain.