CoinCorner comments on Mark Cuban’s remarks that Bitcoin is “too complicated”

CoinCorner comments on Mark Cuban’s remarks that Bitcoin is “too complicated”
04.10.2019 11:35 am

CoinCorner comments on Mark Cuban’s remarks that Bitcoin is “too complicated”

Bitcoins

Danny Scott, CEO of CoinCorner, comments on Mark Cuban’s remarks that Bitcoin is “too complicated”:

“For Mark Cuban to say that Bitcoin is too "complicated" is naive and short sighted. Technology is complicated in general and this isn't specific to Bitcoin - you only have to think about the internet and how complicated that seemed in the '90s. Using your dial-up modem to attempt to connect to your ISP was just 1 piece of the experience back in the '90s, but these days most people's phones are connected 24/7 and they don't even have to do anything, it just works. This hasn't happened overnight and behind the scenes it hasn't become any simpler. What has happened is that user experience has become better, with companies having competed to make its use cases as simple as possible. Netflix vs Blockbuster is a good example of what the internet has done for user experience, but certainly this didn't happen overnight.

At CoinCorner we spend a great amount time trying to educate people and create products that are as simple as possible. This will evolve over time as we find what works best for people and Bitcoin's use cases. Later this year we'll actually be launching new educational products which we believe will help the general public to easily learn about Bitcoin and see it as something more than a store of wealth.

Mark shouldn't be disregarding something because it's complicated behind the scenes. We appreciate that the user experience part of Bitcoin isn't quite ready for mainstream adoption, but this is something that Bitcoin companies like ourselves are working on.”

Related News

Retail investors set to sweep up diminishing supply of Bitcoin

A report on intentional holdings of Bitcoin published today by digital assets derivatives exchange ZUBR, shows that, if current investment trends continue, daily demand will... Read more »

CoinCorner comments on rumours around a possible new Bitcoin service by PayPal

Danny Scott, CEO at CoinCorner, commented:

“Rumours have been circulating that PayPal is rolling out a service that will allow its 325 million customers... Read more »

Buy Bitcoin little and often with CoinCorner’s new Auto Buy Bitcoin service

CoinCorner, a UK Bitcoin exchange, has launched a new auto buy Bitcoin service which gives customers the opportunity to make Bitcoin purchases on a regular,... Read more »

CoinCorner launches UK first “Bitcoin Cashback” service

CoinCorner, one of the UK’s leading Bitcoin exchanges, has recently launched a new service that will reward customers with Bitcoin when they shop online.

... Read more »

Bitstocks Research Indicates Britons Bemused by Bitcoin

Bitstocks, an established UK-based Bitcoin market advisory and educational media house, has spent the last couple of weeks broadcasting bitcoin across the airwaves in an... Read more »

10th anniversary of Bitcoin Pizza Day: bitFlyer Europe reveals what the BTC price of two pizzas could have bought you since

To celebrate the 10th anniversary of Bitcoin Pizza Day – an important day in the digital currency calendar, marking the first time Bitcoin was used to purchase goods – ... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel