Published on July 21st, 2015 | by bitcoin0
Bitcoin Still Seeks ‘Killer App’!, says Coinbase’s Fred Ehrsam.
Bitcoin is still awaiting its “killer app” to catapult the virtual currency into the mainstream, but Fred Ehrsam has a guess as to what it might be: ending spam.
It could enable tiny fractions of bitcoin to be embedded, at virtually no cost, into almost any internet activity.
“The internet has never had economics properly embedded into it,” says Mr Ehrsam, a former Goldman Sachs trader. It is no longer economically viable.”
Mr Ehrsam is unsurprisingly bullish on the utility of the blockchain, but he is hardly alone.
It waived fees for euro-to-bitcoin transactions, and Mr Ehrsam says there was a 300 per cent spike in trading volume.