Here’s What Bitcoin Gets Right

Tuesday, November 26, 2013

There are all kinds of reasons to think that Bitcoin is a joke, and that the value of the bitcoins themselves will ultimately go to zero. It’s inherently unstable as a currency, prone to hyperdeflation, has an artificial scarcity, and is subject to hoarding.

But there is one important thing about Bitcoin that its advocates correctly identify. As a payment-processing platform, it’s very intriguing.

Source: Business Insider (link opens in a new window)

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bitcoin, digital currency, digital payments, financial innovation