05 Jun '13, 11pm

Good article @ABeconomist - Why Bitcoin doesn’t have what it takes /via @globeandmail

People love to peer into the future, and one of the hottest topics these days is the future of money. Bitcoin – an electronic cash system used predominantly for online transactions – is sending tingles of excitement down the spines of some folks. But for all its potential advantages, Bitcoin is not going to replace the U.S. dollar or other major national currencies any time soon. More Related to this Story BREAKINGVIEWS Bubble in bubbles has further to inflate U.S. regulator mulls setting rules for digital currency Bitcoin Bitcoin virtual currency scrutinized by U.S. derivatives regulator The Associated Press Video Video: U.S. busts massive online money laundering ring Currency Video: Fears grow over South Africa's weakening currency The fact that Bitcoin is made up of binary code and has no physical presence isn’t what makes it unique. After all, electronic purchases made...

Full article: http://www.theglobeandmail.com/report-on-business/economy...

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