Blockchain technology can be adapted to suit all kinds of needs, most of which extend far beyond the realm of finance. Decentralizing the concept of voting is one of the most interesting prospects to keep an eye on, especially now that Global Arena Holding is exploring the boundaries of this idea. Leveraging Bitcoin’s platform technologies to create a new breed of general election sounds quite appealing.
Bitcoin can be used to pay employees in all different kinds of areas. Mixed martial arts might not be in the top 10 of “types of employees” looking to get paid in Bitcoin but that isn’t keeping Jon Fitch from sticking with the digital currency. In fact, Jon is the first MMA fighter to be fully paid in Bitcoin. Quite an interesting turn of events, but it seems to work out quite well.
The decentralization of our society and economy is taking place all around us and disruptive innovations go hand-in-hand with one another to make this happen. Just a few years ago, the world of 3D printing at home seemed inaccessible to everyday consumers, yet that situation changed over the years. Even so, 3D Hubs is looking to spread the 3D printing revolution even further by connecting creators with the necessary hardware in their area.
Make sure to read: Regulation For The On-Demand Economy – Similar Fate as Bitcoin?
It will only be a matter of time until centralized Bitcoin services will feel the wrath of the traditional financial ecosystem as we know it. Several Bitcoin exchanges have been struggling to find reliable banking partners in recent years and certain banks started halting all transfers involving Bitcoin. But when Bitcoin service providers start freezing funds and banning bank accounts themselves, things are starting to look very worrying.
Despite most of the recent Bitcoin news being primarily dominated by BitLicense regulatory woes and tribulations, there is some other news to report as well. Unfortunately, not all of that news is positive, as online Bitcoin wallet provider 37Coins has shut its doors for good. Traditional issues, such as funding and overseas issues, are the alleged causes for this decision.
37Coins: Text Messaging To Transfer Funds Not As Lucrative As Expected
Making a third-party Bitcoin wallet service stand out among all of the other options is not an easy feat these days. Most Bitcoin users will stick to a select circle of preferred applications, whether it is on mobile or on computer. 37Coins had a great solution to tackle this problem head-on though: a hybrid system of text messaging and Bitcoin transfers.
The city of New York is known for its rash decisions at times, especially when it comes to attempts at regulating decentralized and disruptive technologies. Bitcoin regulation in New York, still requires improvement, but it looks like the city council has learned its lesson. After a spat between New York and Uber, both parties managed to come to a last-minute agreement to evaluate the situation further.
Further Evaluation Of The Situation Is Warranted
Technological innovation is accelerating at an alarming speed in recent years, causing many headaches for governments, city officials, and regulators. Bitcoin has been the centre of a year-long study on how to regulate it in the city of New York; the end result has led to a small exodus of Bitcoin companies due to harsh and rash regulatory compliance requirements.
One of the major Bitcoin stories of the past week has been on whether or not Uber is planning to integrate Bitcoin payments in the future. Whereas it was hinted at first that Bitcoin integration is on the to-do list, Uber quickly decided to counter that statement with an official press release. However, that is not keeping Uber drivers from collecting Bitcoin tips.
Uber Drivers See The Benefits of Bitcoin
Even though Uber is one of the world’s most popular – and hated – decentralized services to this very date, their choice of payment methods strikes many people as rather odd. Granted, customers need to have a convenient way of paying for their rides, and by integrating mobile payments, Uber has taken a big step in the right direction.
The decentralization revolution is upon us, and multiple services are embracing the ideology of cutting out the middleman. Some of these services are more popular than others, such as AirBnB & Uber. And the latter company is currently working on implementing a Bitcoin payment option, according a post on Reddit.
Uber Allegedly Working on Bitcoin Payments
One of the main reasons why Uber is loved by many – and hated by almost equally as many – people is because it provides a very simple service. And that service is finding a ride from point A to point B, at the cheapest rate possible. It should come as no surprise to you that Uber is facing quite a bit of backlash in various countries around the world.
More and more aspects of our daily lives are taking on a decentralized shape. Whether it is the way we consume content, or how we use a cab, things are vastly different compared to five years ago. And the decentralization revolution has only just begun. Several companies are now working on the decentralized aspect of parking your car.
Parking Your Car In A Convenient Way
A lot of people on this planet spend multiple hours of every day inside their cars while driving to and from work, taxi-ing children to different locations, et cetera. There is one thing all of these car-related tasks have in common: finding a proper place to park your vehicle. A task that sounds so mundane and easy, yet, in reality, is very time-consuming, if not frustrating at times.
When it comes to using Bitcoin, many people see it as taking a “leap of faith”. Everyday consumers are now blindly putting their faith and trust in banks and financial institutions, even though these entities have already proven – multiple times – they can not be trusted. But who is trusting Bitcoin more than fiat currency, which is still backed by “something” or “someone” tangible?
Bitcoin Is More Than Money
One of the major misconceptions people have about Bitcoin is that it is “magic internet money”. In fact, more and more people see Bitcoin as “free money” since additional coins are still being generated as we speak. And while that is true to a certain extent, there is no such thing as “generating free money” unless you’re a central bank.