For Bitcoin’s Biggest Believers, Digital Currency Is Better Than Gold

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Part of the magic of bitcoin is that it can be so many different things to so many different people.

Laurens ten Hagen‘s insight:

For Shishido, it’s about independence from federal currencies. But for others, it’s a way of avoiding the hefty fees laid down by banks and credit card companies. It’s also a way of understanding who’s spending money and why, thanks to the very public way the system records transactions. It’s a technological marvel that makes such clever use of digital cryptography. It’s a simple means of investment, a bet on the future of money. And, in some cases, it’s just a convenience, a way of spending money without paper bills or checks or even credit cards. At the Pink Cow, thanks to bitcoin, you can pay for dinner with your cell phone.

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