Category Archives: Bitcoin as Disruptor

How Bitcoin will change the economy. Who is are at risk ? Hint Banks, Credit Card companies, Money Transferring companies, etc.

Bitcoin is challenging the world’s leading payment systems

Bitcoin’s staggering rise is becoming a threat  to the worlds leading payment system providers.

ChartOfTheDay_1681_Daily_transaction_volume_of_payment_networks_n

The rise of Bitcoin. Data as of 4th quarter 2013. Click on the image for larger picture. Source The Statistics Portal.

Bitcoin surpassed Western Union in transaction volume in 2013, and is likely to overtake Paypal in 2014.

Geir Solem
Cryptor Trust Inc.

The Bitcoin Revolution – Future implications around the world

This is the eight video in our series called “Bitcoin as a Disruptor”.  What are the future implications of Bitcoin around the World? What should we think about Bitcoin with terms of Neutrality? Will Bitcoin become widely accepted around the World?

Presentation by Andreas Antonopoulos, The Bitcoin Foundation. Source Cryptorcurrencies

Andreas discusses the philosophy and the principle of Bitcoin Neutrality, as well as the main drivers towards mass adaption of the currency.

He also look at how banking actually works around the world, and how Bitcoin could evolve in the future to meet the needs of the unbanked.

Geir Solem
Cryptor Trust Inc.

The Revolution – The Bitcoin Protocol

This is the seventh video in this series called “Bitcoin as a Disruptor”. The Bitcoin protocol, a game changer beyond the Bitcoin currency itself, as it opens the door to innovation without permission. Decentralized consensus, were currency is only the first application…..

Presentation by Andreas Antonopoulos, The Bitcoin Foundation. Source ID GC

We continue to look at the even bigger picture, the jaw dropping changes that bitcoin could provide in what we would call a revolution.

Like the Internet itself, Bitcoin will change everything.

The concept of a decentralized network that could achieve consensus (agreement) without any central controlling authority was an unresolved problem in computer science called the Byzantine Generals’ Problem. The Bitcoin protocol solved this problem in 2008 and that in itself is truly revolutionary.

Bitcoin is the Internet of money and the Bitcoin currency is only the first application. At its core Bitcoin is a revolutionary technology that will change the world forever.

Geir Solem
Cryptor Trust Inc.

Bitcoin Revolution

This is the sixth video in our series called “Bitcoin as a Disruptor”. When people talk about bitcoin, they talk about a revolution. But Is it really a revolution to have lower fees on credit cards and remittances? While these are big changes, they are hardly revolutionary..

Now we begin to look at the even bigger picture, the jaw dropping changes that bitcoin could provide in what we would call a revolution.

Source World Bitcoin Network

Bitcoin provides anonymous payments better than anything we’ve seen online. But what few realize is that Bitcoin also does transparency, and it does transparency better than anything we’ve ever seen in human history.

This transparency is the focus of this first video looking at bitcoin as a revolution. Because bitcoin is the first ever tool (in human history) that can provide provable transparency, we could finally see transparency explode via the free market (competitive edges given to those who disclose). This one simple change seems innocuous but it could have major repercussions.

No future may be stranger or more earth shattering than the inherent capabilities of bitcoin to provide a free market for transparency. And this isn’t transparency like we are used to, this is the possibility of absolute financial transparency. Not only would it eliminate the need for the IRS, but it stands to erase corruption and improve government.

Geir Solem
Cryptor Trust Inc.

 

3 Elements that influence Bitcoin Value

Where does bitcoin value come from? Lets take a look at 3 elements that are intrinsic to bitcoin’s nature.

network
Image Source – InoHow.co.uk

Bitcoin as a New Disruptive Technology – VALUE ELEMENT #1

Bitcoin as a currency, as a payment system and as a stock cannot be separated from its nature as a new revolutionary technology.

Leaving technical concepts apart, the bitcoin system provides the base for:

– Transferring money with low or none cost to any place in the world. Global acceptance and distribution!

– Empower people to become their own bank, removing the dependance on financial institutions. Freedom!

– Empower people currently out of the banking system. Democratic!

– Avoid the deflationary effects of traditional currency. Buying power!

– Pay for goods and services while protecting your personal data. Security!

Continue reading 3 Elements that influence Bitcoin Value

Credit Cards – How Bitcoin Could Take Over a Trillion $ Market

This is the fifth video in our series called “Bitcoin as a Disruptor”.  We look at the advantages for merchants accepting bitcoins over credit cards.

Source World Bitcoin Network

We look at five features where bitcoin’s inherent features could take over 5 different trillion dollar markets. This video gives you a quick history on the evil aspects of credit cards, then looks at the SEISMIC changes offered by Bitcoin.

Geir Solem
Cryptor Trust Inc.

The End of Western Union? – Bitcoin’s Features are Game-Changers in the World of Remittances

This is the fourth video in our series called “Bitcoin as a Disruptor”.

Ever since people have tried to send money home, perhaps 10,000 years, there have been sharks in the water trying to gobble it up. The same is true today.

Source: World Bitcoin Network

Western Union, Money Gram and others make billions each year off the poor families sending money to even poorer countries. Bitcoin can change that better than any tool the world’s ever seen. With 500 billion sloshing around in the remittance markets, there’s a lot at stack. Further it seems likely the market would be even bigger, perhaps 1 trillion if there were no fees. This is a real game-changer.

Geir Solem
Cryptor Trust Inc.