Simply because the Apple model is to tech, McDonald’s is to burgers, Nike is to sneakers and Coke is to cola, so is the Bitcoin model to cryptocurrency.
“Whoa… maintain the cellphone!” you say. “Bitcoin isn’t a model. It is a foreign money. Currencies aren’t manufacturers!”
Nicely, that’s a conventional method of taking a look at it. And Bitcoin is something however conventional.
Consider it this fashion: blockchain is a expertise. Cash are an asset on the blockchain. Bitcoin is a model that brings its distinctive promoting proposition to blockchain.
To be clear, Bitcoin will not be an atypical model. It’s what I name a Consumer-Generated Model (UGB). As a result of Bitcoin lacks a centralized model proprietor or chief advertising and marketing officer, it’s molded by a big ecosystem of basis members, technologists, traders, miners, commentators, thought leaders, innovators, journalists and extra. However, as a UGB, the cumulative impact of its model belongings stand for one thing.