“Bitcoin Revolution Bill Gates” “What Does Bill Gates Think About Bitcoin”
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Recently, I read an article entitled” “Bitcoin Revolution Bill Gates”: Bill Gates’ Controversial Plans for a Currency Using Cryptosystems”, by Gregory Freund and Jacob Appel. In this article they compare and contrast Gates with other great leaders in our society such as Jobs, Page and others.
The article made me think and it’s always good to follow the trail of those who have come before us in order to learn from them. This article sheds light on another area that has been ignored lately, which is the impact that Internet marketing can have on the success of a business.
Bitcoin is currently the most powerful digital cash to date. It’s a new kind of cryptocoence, where encryption methods are employed to monitor and to control the generation of new bitcoins and also to authenticate certain transactions.
Bill Gates is an eminent technologist, businessman, and philanthropist. Through his Foundation he has been instrumental in making the Internet available to all, but also in creating the revolution app that is now known as Skype.
Through his foundation Microsoft has made available the programming language and the framework that is called Ruby on Rails. Ruby on Rails is an extremely powerful Ruby programming language that is used to create robust and flexible object-oriented web applications. Because of this Gates has indirectly contributed substantially to the growth of the “Bitcoin Revolution Bill Gates” technology.
The growth of the Ruby on Rails application framework has allowed developers to create extremely user-friendly applications with very few lines of code. It also has greatly contributed to the increase in the number of merchants that have chosen to start accepting the new cryptofilter known as bitcoins.
There is no question that Bill Gates deserves every bit of the praise that he is receiving for his contribution to the growth of bitcoin. However, there is another extremely powerful entrepreneur in the world of cryptography that should also be credited with a lot of his ideas.
This man is a cryptographer and entrepreneur Bruce Schneier. As the creator of one of the first fully functional open source encryption software programs named Tails, Bruce was able to envision a way for “Bitcoin Revolution Bill Gates” users to securely send information back and forth on the internet.
Like Gates, the man that came up with the original BitPeb program that started the revolution also wanted to see the internet revolutionized. In fact, he even had a particular goal in mind when he created the program in the first place. According to him, one of the reasons why he was so passionate about getting the business magnate into the business of privacy enhancing currencies was because he wanted to make the internet safer.
At the time the original BitPeb program was released, it was immediately successful. It went on to become the best selling currency trading program of all time and soon attracted prominent investors such as hedge fund manager George Soros. At the time this meant that the world of private investing had finally turned private. As a result of this investment, the world of digital currency was transformed.
This is backed by some of the smartest tech geniuses to ever exist and just to name a few.
The most significant characteristic of the bitcoin platform is its community. Where most companies work in silos, the bitcoin community actually works together. This is a huge asset in today’s world where people are turning to the internet for everything. Furthermore, one of the greatest assets about the bitcoin system is that it operates twenty-four hours a day. In contrast, most commercial banks operate only twenty-four hours a day.
It should be noted that not everyone who is following the growth of the bitcoin system is very happy. The main complaint is that it has not produced any financial return and the percentage of profit that was made was small. However, this could simply be due to the fact that most investors were using arbitrage strategies.
For instance, they bought large chunks of the bitcoins that were being mined but sold them when the price hit the high. As you can see, Bill Gates and others saw the opportunity for making a fortune but failed to capitalize on it due to some technical barriers. However, it should be noted that this only happened with the first generation of software.