Phrase by 'Erik Voorhees'
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Unfortunately, slow and steady in any financial market is actually impossible.
Author: Erik Voorhees - American BusinessmanAny , Impossible , Financial , Slow
You cannot have an asset that goes up in price 1% every month or 1% every six months or every day without people starting to start thinking it'll do the same tomorrow, so that's why these bubbles form.
Author: Erik Voorhees - American BusinessmanYou , People , Day , Thinking
I have no problem with the financial industry inviting the Trojan Horse of blockchain technology into their walled garden. Because I know how powerful the technology is.
Author: Erik Voorhees - American BusinessmanProblem , Technology , Garden , Horse
The Dwolla incident was to be expected. The government will go after sites that it thinks are supposed to register as money transmitters. Some Bitcoin companies will register as such, and some won't, but business will carry on regardless.
Author: Erik Voorhees - American BusinessmanMoney , Will , Business , Government
Digital currency is now a misnomer for Bitcoin. It can be used as currency, but it can be used for many things.
Author: Erik Voorhees - American BusinessmanNow , Things , Digital , Bitcoin
The big exchanges that hold customer deposits are a big target for hackers, and unfortunately, most bitcoin exchanges store user funds.
Author: Erik Voorhees - American BusinessmanBig , Bitcoin , Target , Customer
Most 'digital currencies' are not really digital currencies at all.
Author: Erik Voorhees - American BusinessmanReally , Most , Digital
Credits in your PayPal account are really just USD-backed - they are not a unique currency themselves. Other 'digital currencies,' such as Facebook Credits, can be created out of nothing and without limit, so they are not serious money.
Author: Erik Voorhees - American BusinessmanNothing , Money , Serious , Unique
Bitcoin is two things which share a name. One, it's a payment system, and two, it's a currency. You use the Bitcoin payment system to send bitcoins as currency from one account holder to another. The transfer is instantaneous, carries no fee, works anywhere in the world, and is private.
Author: Erik Voorhees - American BusinessmanYou , World , Name , Things
Mt. Gox was a teachable moment for everyone in the Bitcoin community, and ShapeShift has innovated these problems out of the picture.
Author: Erik Voorhees - American BusinessmanMoment , Problems , Community , Picture
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