Bitcoin Ecom Game Changer
What is missing from global ecommere? I know that question can cover a lot of territory, but the hint was use of the word "global". @David Amerlandwrote a highly influential post recently:
What If We Had A New Value System For Goods & Services
Great read. Now put David's post into the Bitcoin context and its easy to see why "universal, trusted online currency" is a big missing piece for global online ecommerce.
I've purchased things from London, but its a pain. That pain takes two forms: currency and shipping. We can't solve shipping until we crete a currency that works around the world.
Enter one of Bitcoin's big benefits.
But Bitcoin is more than a universal currency. Bitcoin is the illusive universal infrastructure long sought by Facebook and Google. Bitcoin is a platform leveler, a new way to program that beats Auth.net all to hell.
This Bitcoin manifesto makes for fascinating reading. Put aside the idea of a floating currency currently running at $350 dollars to a single Bitcoin with the real possibility of going above $1000 soon and read the paper from the "what do we need to make ecommerce really word around the web and the world" and you see the real power of Bitcoin.
Bitcoin & Startups (on Scoop.it)