Topic: Here's the X-factor That Could Launch a Bitcoin Boom (Read 751 times)
Well the name made me go hmm, but reading through the fortune article this project does look pretty neat.
The idea of Bitcoins Killer app has been discussed multiple times in the history of the forums and while there is not really a killer app but more a collection of developments that lead to Bitcoin growth.
The question of what the Killer app is has been debated, its been as wide ranging as Bitcoins money remittance being scaled up for mobile phones in Africa Latin America, India and the Philippines, to the future of banking online with blockchains, to 2.0 currencies and advanced contracts.
What will stick with the mainstream is what will become known as the hero app but that remains illusive.
I truly do not believe this. Bitcoin is already as complex as it is.
Again the media are moving the interest on the blockchain, on the techology itself rather than on bitcoin.
However it is good they are writing more and more about BTC
Quote
One reason for that surge is a growing appreciation for the potential of the network that makes bitcoin function—the so-called blockchain, which acts like a giant ledger keeping track of who owns each bitcoin and when it has changed hands. The possibilities of the peer-to-peer system were examined in a recent cover story in The Economist.
However it is good they are writing more and more about BTC
Quote from: Brian Forde
But he believes the technology could quickly break into the mainstream with one development: a “hero app.”
Someone needs to create “that killer app that all of you are dying to download,” said Forde, just like Uber very quickly made the idea of what Forde called “digital hitchhiking” mainstream.
Someone needs to create “that killer app that all of you are dying to download,” said Forde, just like Uber very quickly made the idea of what Forde called “digital hitchhiking” mainstream.
Dude, of course! Just create that killer app that all of you are dying to download!
So simple, so creative. Why haven't we thought of this before?
His insight is genius, no wonder he used to be senior tech advisor to the whitehouse.
Brb guys, going to save bitcoin!
I would not call it a Hero App, but rather just stay with the Killer App that could take it viral. I saw something on Reddit the other day, where a hacker created a bot to link the M-Pesa system with Bitcoin, and that could inject a whole new market, if that could be done legally. The mobile payment system in Africa is huge and integration with Bitcoin could make it easier to shift funds from the developed world to the developing world, and charities could target individuals.
Someone could make donations in Bitcoin to individuals in Africa and they could spend that in M-Pesa, which is already widely accepted in most African countries.
Do you mean this:Someone could make donations in Bitcoin to individuals in Africa and they could spend that in M-Pesa, which is already widely accepted in most African countries.
https://www.bitpesa.co/
It's out there for a while ...
Old news is old.
Yes, we know, that we need a killer/hero app, everybody who is long enough in the space knows.
Taking the Uber-example from the article. A decent tech-team could easily build the basics of Uber in a few months. In hindsight, Uber is a pretty obvious thing, but still somebody had not just to think about, but also developing it(I also have a lot of ideas, which might be huge, but just don't have the guts to invest time and money to actually develop them).
So, the bitcoin killer/app could already be developed in someone's mum's basement, there might even be an introduction of the project in this forum and everybody is just like "Nah, that won't work/Nobody really needs that" and six months from now, with the right press coverage, Millions of people use it(and everybody on this forum will tell you, that the idea was obvious). Could be, might be.
Yes, we know, that we need a killer/hero app, everybody who is long enough in the space knows.
I do agree with the article but the problem is how and who will be able to make that hero app which if it was easy, it would have been out there already and yet no signs that I could see of at least...
I disagree. Technology is not always about complex solutions. Technology is often about recognizing, what people need(or think to need) and good PR(or luck).Taking the Uber-example from the article. A decent tech-team could easily build the basics of Uber in a few months. In hindsight, Uber is a pretty obvious thing, but still somebody had not just to think about, but also developing it(I also have a lot of ideas, which might be huge, but just don't have the guts to invest time and money to actually develop them).
So, the bitcoin killer/app could already be developed in someone's mum's basement, there might even be an introduction of the project in this forum and everybody is just like "Nah, that won't work/Nobody really needs that" and six months from now, with the right press coverage, Millions of people use it(and everybody on this forum will tell you, that the idea was obvious). Could be, might be.
I would not call it a Hero App, but rather just stay with the Killer App that could take it viral. I saw something on Reddit the other day, where a hacker created a bot to link the M-Pesa system with Bitcoin, and that could inject a whole new market, if that could be done legally. The mobile payment system in Africa is huge and integration with Bitcoin could make it easier to shift funds from the developed world to the developing world, and charities could target individuals.
Someone could make donations in Bitcoin to individuals in Africa and they could spend that in M-Pesa, which is already widely accepted in most African countries.
Someone could make donations in Bitcoin to individuals in Africa and they could spend that in M-Pesa, which is already widely accepted in most African countries.
I do agree with the article but the problem is how and who will be able to make that hero app which if it was easy, it would have been out there already and yet no signs that I could see of at least... The thing is releasing an average app just for the sake of introducing bitcoin to the world might not really do any good, that's why dedication and hard work should be put in the app itself so it could succeed in introducing bitcoin and make it even much more popular as it is now... I do browse the google app store daily and until now all the bitcoin related apps that I could see and download are now that helpful as they should
There's so, so many potentially huge applications for Bitcoin. There may be one that helps it go mainstream, but in time, it will be used for so many things.
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