Posted By Carl Engelbrecht

"Dollars are valuable because they're the official medium of exchange for the $14 trillion US economy; euros and yen are valuable for similar reasons. Bitcoin boosters have traditionally suggested that Bitcoin is an alternative to these currencies. But we'll suggest an alternative explanation: that Bitcoin is not so much an alternative currency as a "metacurrency" that allows low- cost and regulation-free transfer of wealth between nations. In other words, Bitcoin's major competitors aren't national currencies, but wire-transfer services like Western Union."

preview.tinyurl.com/7zpp 22p

 
0 Comment(s):
No Comments are found for this entry.
Add a new comment using the form below.

 
Leave a Comment:
Name: * Email: *
Home Page URL:
Comment: *
   char left.

re-generate
Enter the text shown in the image on the left: *
 Remember Me?
* fields are requried
    


 
Google

User Profile
Carl Engelbr...
Male
Holly Spring...

 
Archives
 
Visitors

You have 2884576 hits.