One of the most famous Bitcoin skeptics, Mark Cuban might turn to be a bitcoin believer only if bitcoin becomes easy enough that grandma can use it.
Mark Cuban, a billionaire and shark tank on Twitter reacted to Gemini CEO’s tweet who had shared “Mark Cuban's statement about bitcoin. The statement that Gemini's Tyler Winklevoss had shared read as “There are so many peculiarities to Bitcoin: the halving, the miningâ€, quoting Tyler’s tweet, Cuban tweeted as follows;
One was started by a guy named James in a gym with a peach basket and a ball to entertain kids. The other was started by a guy no one can find, that hundreds claim to be, with a computer and an algorithm to give millions something to argue about. Which is simple?
While the comparison of the simplicity of Bitcoin v/s basketball becomes the center point of conversation, the crypto community shared their viewpoint. One such Twitter user said, “99.9% of the world doesn’t understand how fiat money works, yet we use it. On the other side, the community also felt that the billionaire Cuban has a valid point. BarryG, a twitter user commented that the point is valid in the fact that bitcoin needs to be as easy to use as a credit/debit cardâ€. Conferring this point, Tyler Winklevoss said: “UX/UI is critical to mainstream adoptionâ€.
However, the whole point of argument began when Cuban appeared in an interview with the bitcoin proponent, Anthony Pompliano (aka “Pomp†on April 15. During the discussion, Cuban shared his views on stocks, commodities but when he picked up points on Bitcoin, community dive in his every statement. Cuban while speaking about Bitcoin, said: “there’s so many peculiarities to Bitcoin: the halving, the miningâ€. He added;
“It’d have to be so easy to use, it’s a no-brainer. It’d have to be completely friction-free and understandable by everybody first. Then you can say it’s an alternative to gold as a store of value"
More so, he also stresses the use cases of blockchain technology despite it possess a great opportunity. He further continued that;
"There’s uncertainty with all the different types of cryptos and the arguments with all the different types of cryptos"