09 May '13, 2pm

Bitcoin Just Hit The Big Time -- Here's What Everyone Ridiculing It Doesn't Understand

Bitcoin Just Hit The Big Time -- Here's What Everyone Ridiculing It Doesn't Understand

The premise and promise of Bitcoin--the part that appeals to folks who don't happen to be gold bugs, conspiracy theorists, or cryptography geeks (obviously they all love it)--is that electronic currencies have several advantages over paper currencies and that the current plan is for only a finite number of Bitcoins to be created. This latter attribute is in direct contrast to standard government-issued currencies, which governments can always print more of. If the supply of Bitcoins remains finite, this should theoretically eliminate inflation, which is one of the biggest drawbacks of paper money.

Full article: http://www.businessinsider.com/investing-in-bitcoin-2013-5

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FRED WILSON: Here's Why I'm Investing In Bitcoin

FRED WILSON: Here's Why I'm Investing In Bitcoin

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