Cryptocurrencies are all the rage and none more popular than bitcoin. The problem is, the only thing valuable about bitcoin its blockchain platform. To make matter worse, there is nothing proprietary about blockchain technology. I could start my own blockchain-based cryptocurrency tomorrow called Bayani’s Boodle or Fireball’s Frogs (horse racing term) and it would be just as useful as bitcoin.
Therein lies the problem. For bitcoin to be worth anything it has to have a practical use. It has to be secure and it has to be exchangeable.
