15 Mar '13, 10pm

Guest Post: "What In The World Is A Bitcoin?"

"..very few valuable services take them.." At the moment. Necessity will drive demand, Bitcoin is still about 5 minutes ahead of the mainstream. It is only a beginning, decentralized currency creating mechanisms with no central manipulation are the future this is just the beginning. Unlike dollars the algorithm controls the growth rate and max amount of coins allowed, no helicopter Bens manipulating the currency. Exchange rates will be what they will be regardless of him. It is like physical gold in the sense that one bitcoin is always one bitcoin, same with 1oz of gold, the only thing that changes is the amount of dollars each is worth. It will only be one of many currencies in the end. Neccesity and demand will tell the ultimate tale. For some people it is about getting rich but that is just short sighted thinking. Decentralized crypto currency absolutely has real world ...

Full article: http://www.zerohedge.com/news/2013-03-15/guest-post-what-...

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