Continuing on our post from a few weeks ago where we compared Bitcoin to the early internet, we are excited to announce a new blog series where we will highlight the most common myths we hear about Bitcoin.
We have to be honest — we didn’t come up with the title for this article by ourselves. Actually it was inspired by a Newsweek article from 1995. The article was titled “The Internet? Bah” which Newsweek published that year. The article was written by an author named Clifford Stanford, and throughout the article he made it very clear how skeptical he was of that new fangled internet technology.
Bitcoin is too volatile. Bitcoin is too small. Bitcoin is too risky. These are the types of headlines I am reading over and over again every day and have been for the last 4 years. And you know what? They are right. Bitcoin is all of those things. For now. I don’t believe it will always be that way. The key phrase missing from all these headlines is that Bitcoin is too new.
We are very excited to announce that Genesis Mining has become a sponsor of the recently released iPhone App, SaruTobi.
After becoming players ourselves, we found it nearly impossible not to become involved in one of the most exciting Bitcoin apps that has been released. The app was released at the start of this year and has quickly grown in popularity with existing Bitcoin …Read more