Bitquick 3 – Without Cryptocurrencies, We Risk on Missing out on Something Greater
Bitcoin’s infrastructure is still in its early stage, although the promise is certainly there. Bitcoin still has a lot to prove its worth over existing digital payments. We continue to explore Bitquick through this three-part discussion with Jad Mubaslat. You may read the first part here and the second part here.
Coin News Asia: What can you say about online gambling laws and cryptocurrency legality and regulation?
Jad Mubaslat: Unfortunately I cannot comment much on this issue with regards to gambling. In general though, governments have taken the stance that Bitcoin itself is legal, but is not a way to circumvent or excuse ones self from current laws.
CNA: Do you think it is hypocritical when Bitcoin supporters who are critical of banks are also critical of altcoins? Do you think a superior altcoin will supersede Bitcoin in the near future?
JM: I do believe it to be hypocritical. We must all realize that we were once skeptical of Bitcoin, but gave it a chance. The same attitude must be held for other cryptocurrencies, or we run the risk on missing out on something greater. For the most part, many alternative cryptocurrencies add nothing of value over Bitcoin. But there are a few that provide truly revolutionary properties. I’m particularly interested and excited about Ethereum, a programmable cryptocurrency.
CNA: Do you have a Bitcoin price prediction?
JM: At this point, I really don’t. Bitcoin is at a critical point right now with the block size debate. I tend to hold the belief that, in general, if Bitcoin succeeds, then it will have a value of $10,000+ after 4-6 years. Otherwise, it will likely be worth even less than it is today.
CNA: What can we expect from your venture in the near future?
JM: BitQuick will be focusing on adding more payment methods in addition to our current cash deposit offerings. In addition, we’re working on the development of a mobile application that will allow users to quickly and efficiently find places to buy bitcoin near them. This has been heavily requested by our customer base.
CNA: Finally, for those who don’t get Bitcoin, do you have any suggestions?
JM: I’d recommend watching videos from World Bitcoin Network to get started.
Then, I’d try to set up your own wallet and buy something using Bitcoin to get a good feel. From there, it’s down the rabbit hole!
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