“What in the world is a Bitcoin?”: Reporting from Santiago, Chile Earlier in the week, I wrote to you about an...

“What in the world is a Bitcoin?”

“What in the world is a Bitcoin?”: Reporting from Santiago, Chile Earlier in the week, I wrote to you about an...

Reporting from Santiago, Chile Earlier in the week , I wrote to you about an Argentine car rental agency that had started accepting Bitcoins as a means to bypass local capital controls. We received a lot of questions about the article, the most common of which was “What in the world is a BITCOIN?” Let’s start by looking at our current monetary system. In most countries, a small tiny banking elite exercises total control over that nation’s money supply. And we’re just supposed to trust them to be good guys. Yet central bankers around the world have conjured trillions of dollars out of thin air, debasing the money’s value. It’s a concept any six-year old can understand. If money grew on trees, it wouldn’t be worth very much. This is one of the key reasons why people buy gold. You can’t just conjure gold out of thin air. It takes years of exploration and investment to pull it...

Full article: http://www.sovereignman.com/finance/what-in-the-world-is-...

Tweets

@MiroWare » 30 Mar '13, 2pm
RT @MADinMelbourne: many people now asking: “What in the world is a Bitcoin?” via #SovereignMan [link]
@Geromedia » 21 Mar '13, 8pm
RT @AndiFerhati: What in the world is a #Bitcoin? [link] #MonetarySystem
@Geromedia » 21 Mar '13, 8pm
#bitcoin [link]
@AndiFerhati » 21 Mar '13, 4pm
What in the world is a #Bitcoin? [link] #MonetarySystem
@ricketzz » 20 Mar '13, 11pm
RT @NWOSurferNews: Alternative to Federal Reserve Notes: “What in the world is a Bitcoin?” - Sovereign Man [link]
@NWOSurferNews » 20 Mar '13, 11pm
Alternative to Federal Reserve Notes: “What in the world is a Bitcoin?” - Sovereign Man [link]
@egoisticlife » 16 Mar '13, 2pm
Interested in Bitcoins? Read this [link]
@topkayaom » 16 Mar '13, 3am
“What in the world is a #Bitcoin?” [link] #econ#economy#2013
@MADinMelbourne » 15 Mar '13, 10pm
many people now asking: “What in the world is a Bitcoin?” via #SovereignMan [link]
@AskMarcCharles » 15 Mar '13, 7pm
....interesting..... “What in the world is a Bitcoin?” [link] [link]
@R45ID » 15 Mar '13, 5pm
I still don't know what's bitcoin. [link]
@BitcoinStarter » 15 Mar '13, 5pm
RT @waspoza: “What in the world is a Bitcoin?” [link] via @thesovereignman #bitcoin
@waspoza » 15 Mar '13, 5pm
“What in the world is a Bitcoin?” [link] via @thesovereignman #bitcoin
@JDGOLDBLOG » 15 Mar '13, 5pm
"What in the world is a Bitcoin?": Reporting from Santiago, Chile Earlier in the week, I wrote to you about an.. [link]
@thesovereignman » 15 Mar '13, 4pm
"What in the world is a Bitcoin?" - [link]
@dnwst » 15 Mar '13, 5pm
“What in the world is a Bitcoin?” [link] via @thesovereignman
@ISCOSEU » 15 Mar '13, 5pm
“What in the world is a Bitcoin?”: Reporting from Santiago, Chile Earlier in the week, I wrote to you about an... [link]
@ItsTheGovt » 15 Mar '13, 5pm
“What in the world is a Bitcoin?”: Reporting from Santiago, Chile Earlier in the week, I wrote to you about an... [link]
@Another_Joe » 15 Mar '13, 5pm
“What in the world is a Bitcoin?”: Reporting from Santiago, Chile Earlier in the week, I wrote to you about an... [link]