When a global digital currency is being built from scratch, you will definitely have some bumps in the road. There will be some growing pains. No one ever said this was going to be a smooth and easy walk in the park. Bitcoin, as the leading decentralized digital currency that can help virtually every person on Earth, in one way or another, has seen its fair share of turbulence. The departure of Mike Hearn is just another weathered storm in the history of the decentralization of money.
For the thousands of people worldwide who work for Bitcoin or would like to get paid in Bitcoin, security is of great importance. Bitwage has spent the last two years creating an innovative Bitcoin payment option for those who would like to get paid in digital currency, but their employer is behind the payroll curve. Smart companies increase security measures before there is a problem, and BitWage wants to increase security and peace of mind in their current and future customer base by ramping up security in 2016.
The European Union is a hotbed of activity, and most of it has been pretty disturbing. The E.U.’s dam of regulation is literally breaking apart, with refugees pouring out everywhere. Unemployment is at an all-time high in many European countries. Greece and Cyprus have already seen economic collapse, and Italy, Portugal, and Ireland are next in line for austerity. Now, a new set of regulations against cash is ready to funnel more freedom away from citizens towards The State. Where does Bitcoin fit into this political quagmire?
Unfortunately, the vast majority of the people in the U.S., and the world have no idea what is coming. The U.S. Dollar may be on it’s last legs as the world’s Global Reserve Currency, but most are totally unaware as to where this interest rate spiral ends. There is no shortage of information online about the subject. All of these economic maladies placing the Yen, the Real and the Ruble will hit the global reserve currency last, and hardest. People run to the strongest ship in the ocean, only to find it has the same flawed design as all the rest. What do will you do in the Dollar’s last days? Should you run to Gold or Bitcoin for true economic salvation? Let’s look at this a bit more closely.
As the technology of Bitcoin enters the mainstream, so will security options for the protection of your Bitcoin. Trezor raised the state-of-the-art when it came to Bitcoin security, with the ability to take your Bitcoins offline and back at your convenience, or for your security. Case Wallet makes your Bitcoin security handy, mobile, and tough to crack, adding unique biometrics, GSM chips, and multi-sig procedures to the wallet. Now, a new competitor comes out of Hong Kong known as BitLox. Does it deserve a piece of the Bitcoin security pie?