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


See on Scoop.itten Hagen on Social Media

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.

See on www.wired.com



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