We've had Bitcoin, Bittube, even Bitconnect... Now let's throw Bitwage into the mix. Well, that's me cheating a little since Bitwage isn't actually a currency but instead, a very useful enabler of our tech. Founded five year ago, CEO Johnathan Chester observed that whereas some merchants were accepting Bitcoin as a payment mechanism, not many companies were using at as a means of remunerating employees. Noticing this empty niche in the market space, Johnathan decided to act upon it and thus Bitwage was born.
These are the initiatives I wanna see. You know, the ones that look to drive forward mass adoption through viable and practical means. It's all well and good watching the charts to decipher when the impending next bull run will commence. But for that to happen, we need tangible use-cases in place for the inevitable change over of systems. Startups like this I consider gold-dust in this immature and ever-evolving space we call crypto currencies.
Another thing I like to see is a business strategy that is compatible with any future governmental regulations. Because let's be honest. Most of what the term "regulation" encompasses is, really speaking, how much taxation is liable to be paid over to the authorities. Having a system whereby all salaried transactions are recorded and logged, will lead to reliable database from which HM Revenue & Customs can extract the information they require. Thus keeping both parties on either side happy and therefore no need for ridiculous laws to be enforced...
...Like the one India is proposing. As I mentioned in one of my previous articles concerning this subject matter, attempts to ban crypto currency outright, will never work. There's more chance of banning the Internet itself or even cold, hard cash. Sounds like crazy talk, right? Point made then.
This entire space will take time and patience to reach a point of maturity where everyone is relatively satisfied with the outcome. Remember that every previous method of commerce also went through the motions before it became the norm. Imagine back when "bartering goods" was the only way for individuals to transact with one another. Think of the disputes that must have risen whilst sorting out the agreed "value" or "worth" of various items for exchange. Sounds like a chaotic economic environment and primitive as hell, especially when you compare it to good old regular cash that we have today. Take that same analogy and add in futuristic and present-day blockchain technology as well as crypto currencies. I think the obvious choice is pretty damn clear, don't you?
