MIT, Stanford Academics Design Cryptocurrency to Better Bitcoin

The video discusses Bitcoin's dual nature as digital gold and a transactional currency, highlighting its scalability issues due to slow transaction speeds. It compares Bitcoin's network to Visa's, emphasizing the need for parallel processing to improve efficiency. The speaker is optimistic about the future of cryptocurrency, despite recent market downturns, and stresses the importance of solving scalability issues to prevent crypto from becoming obsolete. The video concludes with a hopeful outlook on implementing software-based solutions to enhance scalability and market recovery.

What are the two different qualities of Bitcoin mentioned in the text?

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What is the main problem with Bitcoin's transaction speed?

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What potential applications for new currency are mentioned as being useful right out of the gate?

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What concerns are raised about the scalability issue of cryptocurrency?

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What is the outlook for the cryptocurrency market in 2019 according to the text?

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