When the Defense Advanced Research Projects Agency first implemented a working version of the Internet in the 1960s it seemed like a fringe experiment not dissimilar to Bitcoin today. It wasn’t until a protocol called TCP/IP emerged in the 1970s and was commercialized that the Internet was positioned to take off. In short, this protocol allowed every website and service built on it to have its own “address” and a way to communicate information. This averted chaos, allowing users to find what they were looking for, allowing websites to work together and enabling networks to do the hard lifting of directing traffic in an orderly and predictable way. Without TCP/IP, the Internet as we know it would not exist.
Bitcoin today is in roughly the same development phase that TCP/IP was back then. Instead of IP addresses and websites, Bitcoin has unique strings that represent money and a mechanism to send these strings securely and safely wherever you want. It is a protocol that is allowing money to flow around the world much like TCP/IP allows information to flow -- in an orderly, predictable way.
This is not a theory; it happens every day. The Bitcoin economy, while still in its infancy, is about $2 billion (meaning, the value of all Bitcoins) and rising. New services appear daily -- exchanges, digital wallets, payment processors, along with companies that accept Bitcoin alongside dollars, euros and yen for traditional services. In addition, a small and growing group of technologists are getting behind the currency, allocating time and capital to building a robust ecosystem.
With the accelerated rollout of the Tesla Supercharger network, Model S drivers can expect:
- Triple the number of Tesla Supercharger stations by the end of next month, including additional stations in California, coverage of the northwest region from Vancouver to Seattle to Portland, Austin to Dallas in Texas, Illinois and Colorado. There will also be four additional eastern seaboard stations, expanding the density of the network to provide for more convenient stopping points.
- Within six months the Tesla Supercharger network will connect most of the major metro areas in the US and Canada, including expansion into Arizona, additional stations in Texas, Florida, and the Midwest, stations connecting Ottawa to Montreal, and across North and South Carolina into Georgia. It will also be possible to travel diagonally across the country from Los Angeles to New York using only the Tesla Supercharger network.
- A year from now, the Tesla Supercharger network will stretch across the continent, covering almost the entire population of the US and Canada. The expansion of the network will mean that Model S drivers can take the ultimate road trip -- whether that’s LA to New York, Vancouver to San Diego, or Montreal to Miami – without spending a cent on fuel.
Full Press Release Here
"I want to make clear that today's actions do not mean we are against virtual currencies."
"To the contrary, mobile and internet based financial technology, including virtual currency, hold great promise..."
quotes from Under Secretary of Treasury David Cohen starting at the 24:50 mark.
would love to buy some.