I had a very interesting exchange of comments with a reader who is a bitcoin enthusiast a few days ago. While I’m not a bitcoin/crypto pro, I am reasonably knowledgeable and since I’m a domainer as well, I can’t help but wonder whether bitcoin will eventually become mainstream enough to be used for end user transactions.
The pros are very, very juicy but on the other hand, there are cons as well and I’d say the main con is represented by the fact that using bitcoin the way it’s supposed to be used is hard. Even for someone reasonably tech-savvy like myself, there’s a bit of a learning process involved. Understanding how bitcoin works, what a wallet is, what the difference between an online wallet and a paper wallet is and so on.
Read MoreA tricky situation but I for one can’t possibly envision how end users could start adopting bitcoin unless everything is overly-simplified for them....