Some ideas about "native bit currency application"

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The birth of every disruptive new technology can lead to applications that have previously been completely out of reach, and it is this kind of application that proves the power of this new technology. The Internet is an example, with the Internet, only search engines, SNS or IM. Bitcoin may be the next example, what can it do to create applications that could not be implemented before?

Fred Wilson has used this type of application as a native Bitcoin application in a previous article, and most of the existing Bitcoin applications don't belong to this category, such as you can use Bitcoin for online shopping, although cheaper, but other ways such as credit cards can be achieved. Chris Dixon tried to make some predictions to see what he thought:

1. International Microfinance

The popularity of mobile phones is much faster than banks, or 5 billion of smartphone users worldwide will have no bank accounts or credit cards, but it will be easier for multinational microfinance to take part in the global economy as long as there is a mobile phone with internet access. Some early examples include peer-to-peer lending sites Btcjam and Bitbond. See this masterpiece in my heart.

2. Bandwidth, storage and calculation of power distribution

The use of Bitcoin technology can create a new way to share Exchange network resources. For example, the mesh network (mesh receptacle) that people have been trying to do for years, but there is little success, probably because there is no suitable mechanism to encourage people to share resources. Bitcoin provides a protocol-level mechanism for network nodes to pay for resources.

3. Market

Market operators on the payment has been very headache, a bank account users have to pay high fees, the end of their own no profits, no bank account users can not complete the payment. With Bitcoin, as long as you have a smartphone, you can participate in the public or the package market, such as 99Designs and odesk.

4. Small payment

App purchase on iOS and Android platforms was the first large-scale small-payment experiment, very successful, and has spawned a lot of big game companies, the profits are rushing. With Bitcoin, we can bring small payments to the web side, and many things will become different.

5. Endogenous-driven social networks

SNS is a great invention, but until now, the community is still the spirit of "money" (such as praise, fans or the top) to maintain. Bitcoin allows the community to really introduce monetary incentives. For example, there are many users with Bitcoin and dog currency to do Reddit, recently YC new Masters Sam also said that plans to take out a part of the Reddit shares to the community users, do not know what the mechanism, but I guess it must be related to Bitcoin.

It is worth mentioning that, to recall some of the early internet failure of SNS, if the inclusion of monetary incentives, it is possible to revive it? This is a great opportunity.

In fact, it's hard to predict a very successful native Bitcoin application. Think about it, if you go back to 1993, can you predict Wikipedea, blogs or Twitter? The only thing that can be predicted is that there will be very successful native Bitcoin applications. New technologies typically require two phases, installation and deployment. Now Bitcoin startups are doing, such as wallets, merchants, payments, which belong to the installation infrastructure, built completely, later on this basis can deploy a new application. At that time Bitcoin would naturally be accepted by the mainstream society.

Yes, in Bitcoin we trust.