41 Quotes by Olawale Daniel about blockchain
- Author Olawale Daniel
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To understand how Bitcoin works, you have to first unlearn the fiat economics you have been taught to believe in. Once you do, Bitcoin education becomes the obvious choice.
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You might think of Bitcoin and blockchain as two halves of a whole, but in reality, they are very distinct commodities.
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Bitcoin and other cryptocurrencies are dependent on blockchain - the underlying distributed ledger that guarantees tamper-resistant permanent transactions - to do business. But that's not all blockchain does, or has the potential to do.
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Fiat dominated banks refusing to work with cryptocurrency are like bookstores refusing to work with the internet. Only time will tell.
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In terms of adoption, Bitcoin has roughly the same users as the Internet had in 1997. But Bitcoin is growing faster. The next four years on this current path will bring Bitcoin user base to 1 billion people, which is the equivalent uses of 2005 for the Internet.
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There is nothing more interesting than the internet right now and the same would be said of the blockchain-powered solutions like Bitcoin and other altcoins few years from now.
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Innovation is not always liked in its early stage until it becomes a public point of discussion and interest. Bitcoin was like the Internet of the early 20s, and today we all use it. Most aspects of our lives revolve around the internet, the same way blockchain technology and other decentralized apps (DApps) will become mainstream solutions to our world in the future.
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To make our world a better place, we need to build products that the corrupt cannot abuse - Bitcoin is the best example of that.
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If the most powerful man in the world can be banned on social media, one thing that is certain is that the least powerful person in the world cannot be banned from buying Bitcoin. It is for everyone!
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