The Bitcoin boom is a term that’s been thrown around a lot recently. Stories of people making money quick and the entire internet scrambling to get a piece of blockchain gold. But what is the Bitcoin boom?
Well, firstly, there has been an increase in demand for a currency that is fixed and not dependent on the international stock market. And secondly, with cryptocurrency in demand, larger known software developers and retailers have started to take part in how the currency is exchanged and used. Jed McCaleb, co-creator of Stellar and a mastermind in Blockchain technology, has predicted that Bitcoin will change global banking forever.
Will the Blockchain boom go down in the history books? Experts are unsure yet, as to whether we’ll overhaul our current banking system and replace all bank notes with intangible virtual code and begin shutting down all cash machines. However, Bitcoin has boomed some excellent ideas, creations and stories, which hopefully will make it into the history books. From a Bitcoin band to a Bitcoin baby, it’s certain we’re crazy for crypto cash.
The Bitcoin Baby
Dr C. Terrence Lee has a sign outside his fertility clinic that informs patients that they are able to pay in Bitcoin. Cryptocurrencies allow for speedy and safe transactions and so if an attractive payment method for those making large transactions securely. Dr Terrence Lee considered this appropriate for his patients who are paying big amounts of money for rather personal treatment and might want to take advantage of the increased levels of privacy Bitcoin allows for. In 2013, the first bitcoin baby was born via Dr Terrence Lee’s clinic. This must be the cutest advancement in Blockchain technology?
The Virtual Girls are the latest entertainment product to join the Bitcoin hype. A J-Pop group, the girls are not just selling their music for Bitcoin, but they’re also singing about the cryptocurrency. If that wasn’t far enough, with songs like Ethereum and Ripple, the band are also personifying the coins. Lead singer Rara Naruse says, “We want to promote the idea through entertainment that virtual currencies are not just a tool for speculation but are a wonderful technology that will shape the future.” And there’s Bitcoin business too, sites that only use Bitcoin. It’s making online music and gaming easy to pay for, with Bitcoin bonuses offered through gambling websites such as mBitcasino, as explained in this article here.
You may be confused about the Bitcoin boom, but nothing will make it any less comprehensive than the Dogecoin boom. It’s meme culture’s answer to cybercurrency. Dogecoin is a virtual currency based on the hugely popular internet meme of a Shiba Inu dog speaking in broken English. This was originally intended as a joke which brings together two of our internet obsessions; memes and cryptocurrencies. Nowadays it’s less of a joke, though, and more serious business. Dogecoin now has over two billion pounds in investment and is technically one of the biggest cryptocurrencies in the world.
With the development of software like Lightening, a second-tier solution built on the Bitcoin wallet that’ll make transactions faster and easier, the Bitcoin boom is technologically well and truly advancing. You don’t have to have to be a technology wizard to get your head around the Bitcoin boom; it’s making babies, making jokes and making headlines.