16 Apr '13, 2pm

Bitcoin: Whatever It Is, It's Not Money!

When governments undermine faith in their currencies people turn to alternatives. Weak as the dollar has been in recent years, for example, it is still seen in many parts of the world as infinitely preferable to the local money, which is why most of our physical currency- especially our hundred dollar bills– circulate outside the US. So it is no surprise that as the Fed readies another round of money printing, more and more Amercians want to experiment with alternative currencies. Hence the intense interest in the digital phenomenon called the Bitcoin. Online trading has mushroomed. Alas, the Bitcoin is not the answer to the Federal Reserve’s depredations

Full article: http://www.forbes.com/sites/steveforbes/2013/04/16/bitcoi...

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15 April 2013 Last updated at 12:31 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Bit...