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

ACD and Alchemy Launches ACD Cryptocurrency Tokens Across Asia

Alchemy Global Payment Solutions Limited ("Alchemy"), a global cryptocurrency payment pioneer that powers businesses with Asia's first hybrid cryptocurrency and fiat payment... Read more »

MVIS and CryptoCompare Launch the MVIS CryptoCompare Institutional Bitcoin Index

MV Index Solutions (MVIS) in partnership with CryptoCompare, the global leader in digital asset data, today announced the launch of the MVIS CryptoCompare Institutional Bitcoin... Read more »

Apple is ‘watching Crypto’ but there was no mention at iPhone 11 event, says CoinCorner

CoinCorner’s CEO, Danny Scott, commented:

“Apple revealed their latest line of products, unveiling the new iPhone 11 at their annual Apple event... Read more »

CoinCorner responds to criticism of the Bitcoin Lightning Network

CoinCorner’s CEO, Danny Scott, commented:                                     

“The Bitcoin Lightning Network is such an amazing and innovative step... Read more »

Bitwala Launches Bitcoin Banking App

For the first time, mobile users can open a German bank account with an integrated bitcoin wallet and trading on their smartphone within minutes. Bitwala, Germany’s... Read more »

CoinCorner comments on Bitcoin's 90% dominance

CoinCorner’s CEO, Danny Scott, commented:                                     

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