Adoption of Digital Currencies

John W Lewis's picture
Chat Date: 
Thu, May 11, 2017

The developments in applications of technology to payments, accounting, and finance are many and various. Some are replacements of existing necessary facilities with their digital equivalents by existing vendors. But others are more exotic and attract new vendors. Among those, digital currencies have attracted much interest.

Bitcoin is probably the best known example of a digital currency. It is an application of blockchain technology to this specific area of finance. Others include Ethereum, which enables people and organizations to create their own currencies.

Questions

Let's discuss this topic during #innocaht on Twitter for an hour starting at 12 noon Eastern time on Thursday May 11, 2017, based on the following questions:

  1. Have you used Bitcoin or any digital currency? If not, would you? If so, for what purpose?
  2. What advantages do digital currencies offer over existing currencies?
  3. What other applications of blockchain technology are they? And would you prefer to use those first?
  4. How much do you trust digital currencies and what are their disadvantages?
  5. Are digital currencies viable now, something for the future, or do they have no purpose?

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