Wednesday, October 15, 2014

Bitcoin's importance explained

Here's a good explanation of Bitcoin and its relation to 'real' money:

Obviously any government issuing money does not want Bitcoin to succeed, and that explains why we peasants always hear negative things about Bitcoin from 'official' sources.

The key element of Bitcoin is its independence from government influence and the ability to verify/thwart counterfeiting attempts.  It cannot eliminate crooks, but at least you would know when something has been stolen.

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