14 January 2017

Bitcoin in the News : 2016-12 More++

My previous post, Bitcoin in the News : 2016-12 Price, documented the price rise in December. What else was newsworthy? A year ago, in Bitcoin in the News : 2015-12, I wrote,
December is the month when journalists look back at the major stories of the waning year. It's also the month when they look forward to imagine what the coming year will bring.

This is no less true now than it was then, and the first article that bubbles to the surface is 2017: The Second Era of Bitcoin Begins (coindesk.com). Unfortunately, the article doesn't explain its title, unless 'there can be only one bitcoin' is somehow indicative of an era. It does, however, lead to a slew of articles under the title

Of the 50 linked stories, only 11 have the word 'bitcoin' in the title, while 33 have the word 'blockchain', which is the real news of 2016/2017. When has there been so much excitement about a data structure?

Another article, Bitcoin Price Prediction for 2017: 6 Major Events to Impact Bitcoin Value (cointelegraph.com), has in fact three bullets:-

  • Segwit, Lightning, Tumblebit ['all scalability solutions initially introduced to facilitate larger amounts of transactions']
  • Approval of Bitcoin ETFs
  • Financial crash and economic instability

Yet another article, Roger Ver: 2017 Will Be the Best Year for Bitcoin, offers an opinion that echoes the previous list.

  • Bitcoin ETF in 2017?
  • Blocksize challenges
  • Security issues
  • Bitcoin will regulate governments ['it will be Bitcoin that regulates governments, not the other way around']

Ver, 'owner of Bitcoin.com', which might make him less than objective on the subject, 'holds the belief that there is good reason to think that 2017 will be the best year for bitcoin'. I wonder what the owner of Blockchain.com is saying.

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