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Is Bitcoin dead? There are a lot of people who think so, but we have to disagree. With a $16 million market cap, $5 million in daily traded volume, and $17.4 million Bitcoins in circulation, this currency will be around for a long time to come. Just three years ago one Bitcoin cost $225 each; now one Bitcoin is $3,800. So no, this currency is not going to just vanish.

See Us In UK GQ

The birth of Bitcoin sparked the creation of disruption in industries that had been traditionally held by central authorities. Bitcoin uses Blockchain technology to facilitate transactions. This also keeps a tamper-proof record of the technology that is being used to improve the way we store medical records, individual identification, record land deeds, keep track of money, IOT, exchanges, game playing, and so much more.

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On a macro level, banks serve as the critical storehouses and transfer hubs of value. As a digitized, secure, and tamper-proof ledger, Blockchain could serve the same function while injecting enhanced accuracy and information-sharing into the financial services ecosystem. Banks are starting to experiment with Blockchain technology to improve their back-office functions and settlements. This could speed up the way banks transmit money overseas and could eliminate the expensive middleman cost of about $20 billion per year.

We Are in UK GQ March 2019 Magazine

Voter fraud and file play is something we always have during elections, especially in the United States. There we see media outlets covering stories of bad practices going on at the voting polls. To currently vote in the US each season, the following must be provided: secure voters’ identity, record keeping to track votes, and trusted tallies to determine the winner. Blockchain technology can become the behind-the-scenes infrastructure for casting, tracking, and counting votes. It will cost less and will be much more efficient.

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 Is Bitcoin dead? There are a lot of people who think so, but we have to disagree. With a $16 million market cap, $5 million in daily traded volume, and $17.4 million Bitcoins in circulation, this currency will be around for a long time to come. Just three years ago one Bitcoin cost $225 each; now one Bitcoin is $3,800. So no, this currency is not going to just vanish.

The birth of Bitcoin sparked the creation of disruption in industries that had been traditionally held by central authorities. Bitcoin uses Blockchain technology to facilitate transactions. This also keeps a tamper-proof record of the technology that is being used to improve the way we store medical records, individual identification, record land deeds, keep track of money, IOT, exchanges, game playing, and so much more.

    On a macro level, banks serve as the critical storehouses and transfer hubs of value. As a digitized, secure, and tamper-proof ledger, Blockchain could serve the same function while injecting enhanced accuracy and information-sharing into the financial services ecosystem. Banks are starting to experiment with Blockchain technology to improve their back-office functions and settlements. This could speed up the way banks transmit money overseas and could eliminate the expensive middleman cost of about $20 billion per year.

    Voter fraud and file play is something we always have during elections, especially in the United States. There we see media outlets covering stories of bad practices going on at the voting polls. To currently vote in the US each season, the following must be provided: secure voters’ identity, record keeping to track votes, and trusted tallies to determine the winner. Blockchain technology can become the behind-the-scenes infrastructure for casting, tracking, and counting votes. It will cost less and will be much more efficient.

    Moving to the real estate industry we see the mountains of paperwork, potential fraud, errors in public records, lack of transparency in transactions, and the overall slow process. Blockchain would be a saving grace to help record, track, and transfer land titles, property deeds, liens, and more, and can help ensure that all documents are accurate and correct.

   If you are interested in reading about more sectors that can be disrupted by Blockchain technology, you can go to www.cbinsights.com (which is where we got our information). They have a lot more to offer than what we covered here, and you will become informed and inspired to think of how you can be part of this excellent technology development. Click here.

    Now, if you are interested in buying our limited “Bitcoin’s 10 Years of Disruption Limited Edition Socks” you can join our email list via the bottom of this page and submit your info. We are looking forward to creating these limited edition socks and get a couple of pairs in your hands ASAP. Kimchi Socks has been a supporter of Bitcoin when it was valued at $250 for one BTC, we have been accepting this cryptocurrency, and we have created videos on our YouTube channel in our effort to support the community.

“I hope you get a chance to try our kimchi.”
Jason V. Holmes
Founder & President

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