Bitcoin fever gripping the world, part 3: Outside the system 15. 04. 2013. Based on what I wrote about the anonymity of Bitcoin, many might think that it should be outlawed by all means possible. Of course the question is not so clear-cut. The fact is that in situations of economic stress, it could be an excellent diversification tool. Read more about Bitcoin fever gripping the world, part 3: Outside the system
Bitcoin fever gripping the world, part 2: Anonymous money 10. 04. 2013. In my previous post I summarized why Bitcoin can theoretically be used as a means of payment. However, I only mentioned the minimum conditions that it needs to satisfy. That in itself is not sufficient for Bitcoin to replace, if only partially, the tenders currently used. After all, why would anyone switch to Bitcoin, if it does not offer any advantage over money, which is tried and tested? It needs to offer some benefits that traditional money doesn’t. Read more about Bitcoin fever gripping the world, part 2: Anonymous money
Bitcoin fever gripping the world, part 1: What gives Bitcoins value? 28. 03. 2013. Imagine a thing that is durable, uniform, divisible and easily deliverable/transferable. My readers, who are doubtless well versed in financial matters, will point out that such a thing could be used as money. However, at least two more conditions need to be met: Read more about Bitcoin fever gripping the world, part 1: What gives Bitcoins value?
