By CCN: Tim Draper appears to love anything that gives power back to the people. An eye-catching tweet on Saturday regarding email spam solution BitBounce is sure to generate a good deal of interest in this project. Draper sees this as a potential play on…
By CCN: Tim Draper appears to love anything that gives power back to the people. An eye-catching tweet on Saturday regarding email spam solution BitBounce is sure to generate a good deal of interest in this project. Draper sees this as a potential play on crypto mainstream adoption given its immediate real-world use case. He is named as an investor in the project.
The low-key project has already amassed an impressive 4 million users. They are looking to solve a wide-spread problem that affects everyone. Who doesn’t have an email address filled with irritating emails from spam marketing? Microsoft outlook attempted to fix this issue with “Focused” and “Other” email categories, but that is just putting a band-aid on the problem.
BitBounce pays in the Credo cryptocurrency and lets users monetize their private information. If you see spam emails, you can sure that the senders paid you to be there and you are not lining someone else’s pockets. The Credo cryptocurrency is small but it shot up 9% today while the broader crypto market was trading in the red.
Tim Draper might get a bad rap for being a bit too enthusiastic sometimes, but there is no question about the sale-ability of BitBounce to a mainstream audience.
He is a famous cryptocurrency enthusiast who wants to bring bitcoin to the masses. Far from being perturbed by crypto winter, he still firmly believes that the blockchain is the future. Draper made his views clear in a recent interview with the Lujiazui Financial Network. He made a bold claim that bitcoin is a better currency than both the U.S. dollar and the Chinese renminbi alongside his usual bullish forecast for BTC/USD.
“Yes, $250,000 by 2022 or 2023. But it’ll be in that time frame. Yes, because bitcoin is just a better currency; it’s better than the renminbi and it’s better than the dollar. It’s certainly a lot better than the Argentine peso or the Nigerian naira. Those dropped 50% a year every year. So it’s a lot better than those.”
Given that the U.S. dollar is the most used medium of exchange around the world by far, Draper’s bold claim is extraordinary. Many people have documented the scalability issues that bitcoin would face in a mass-adoption scenario. Clarifying precisely why he believes that 2022 or 2023 is the date for his prediction to land, he explained:
“I think a lot of the engineers need a couple of years to do the development work to get to the point where you and I can just take our bitcoin and buy coffee with it.”
Tim Draper loves making bold claims like bitcoin is better than the US Dollar or that it will hit $250,000. What is more interesting, is when he brings our attention to smaller projects like BitBounce. While not everyone might have heard of the company yet, its a tremendous concept and it’s no surprise that it is associated with Draper.
Last modified: January 10, 2020 3:17 PM UTC