Speaking to Financial Times, co-founder of the San Francisco-based Bitcoin exchange Coinbase, Fred Ehrsam said, “In 10 years I think we are going to be sitting here and the internet will look a lot prettier because Bitcoin came into existence.”
Bitcoin’s Killer App Will End Spam
Danish Bitcoin exchange CCEDK launched a crypto-debit card recently and called it the “killer app” that the Bitcoin community deserves. However, Fred differs saying that Bitcoin’s killer app will end spam.
“The internet has never had economics properly embedded into it. Say you pay one-hundredth of a cent to send an email, spam email dies overnight. Who would create a bajilion Yahoo email accounts? It is no longer economically viable.”
The former Goldman Sachs trader believes that the possibilities of a killer application are endless.
Market Orders Now Available on Coinbase
Market orders differ from limit orders in that they are executed at the best prices while the latter is executed only a fixed price.
Take a look at the image below for better understanding.