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BITCOIN To Be The FUTURE of CURRENCY? Living in The Real World with Bitcoin for 1 Week
Most importantly for me, payment intermediaries such as Gyft and Foodler accept it, giving me access to the services of the retailers and restaurants they've partnered with. And there will only be more merchants, with eBay being the lates
Bitcoin has infiltrated the mainstream consciousness. It's definitely got the media captured. There's a Wall Street Journal BitBeat blog devoted to it. Bloomberg put it on its terminals for traders and Bloomberg BusinessWeek put it on the cover of their magazine (as a unicorn). Newsweek put it on their cover in an unmasking of its mysterious creator Satoshi Nakamoto gone awry. Bitcoin has its own magazine created by its supporters and its own news service started by investor Shakhil Khan.
It's possible to run a business in only Bitcoin, with no bank account. Blockchain.info
Bitcoin is an instant global currency. When I went to a strip club where I could pay in Bitcoin, a dancer told me she had been tipped in Japanese and Pakistani currency in the past and had no idea what it was worth until she went to a money exchanger to cash it in. The latter wasn't even worth changing for dollars.
Bitcoin's been in some trouble lately. IRS to bring the collective spirits of cryptocurrency enthusiasts down. People are understandably worried about Bitcoin's future as money, including Reddit CEO Yishan Wong, who praised the technology but called out the bitcoin community The way it's talked about in some quarters, Bitcoin replacing money will strangle big government, eliminate the federal reserve, and radically change our democracy. So what happens if Bitcoin doesn't become the new money?
Future generations of Bitcoin billionaires may someday look back on 2014 with knowing smiles.
The apparent suicide of an American business executive in Singapore was investigated for possible ties to her Bitcoin investments. A California man fingered as the currency's mysterious inventor reacted to his sudden fame by asking that journalists buy him lunch. After finishing his meal at a sushi restaurant, he went on to deny any role whatsoever in Bitcoin. bitcoin life litecoin cryptocurrency "accept bitcoin" "bitcoin merchant" "sell bitcoin" "bitcoin trading" "buy bitcoin" "bitcoin exchange" shopping food local "send bitcoin" blockchain transaction 2014 future tech technology coinbase "bitcoin wallet" bank "bank account" banking account money cash dollar usd forex "currency exchange" currency food "bitcoin mining" "cloud hashing" encryption computer machine "Silicon Valley" trust "virtual currency" community u.s. "united states" usa america news media entertainment "graphics card" china value "agenda nwo 2" investment max keiser max coin dodgecoin alt coins high on coins how to mining rig gerald celente alex jones bilderberg 2014 jim rogers farrakhan dollar collapse global reset lindsey williams
Imagine a world in which you can buy anything in secret. No banks. No fees. No worries inflation will make today's money worth less tomorrow.
The digital currency Bitcoin promises all these things. And while it's far from achieving any of them — its value is unstable and it's rarely used — some have high hopes.
"There will be alternatives to the dollar, and this might be one of them," said former U.S. congressman Ron Paul. If people start using bitcoins en masse, "it'll go down in history as the destroyer of the dollar," Paul added.
Among the many unpleasant discoveries made by those who stashed their cash in Cypriot banks is that the island's government could stop them moving their money elsewhere. Capital controls are supposed to be a thing of the past, a figment of the pre-globalised world.
virtual currency called Bitcoin. At any rate, the price of a single Bitcoin reached $147 at one point last week. And people are buying and selling this virtual stuff for what we laughingly call real money via more than 40 online exchanges such as Mt Gox, though when I last looked Mt Gox was temporarily offline as a result of a denial-of-service attack that might have been the work of any number of possible suspects: cyber vandals; hackers