30 Aug '13, 6pm

An Interview with the Executive Director of the Montreal Bitcoin Embassy #bitcoin

An Interview with the Executive Director of the Montreal Bitcoin Embassy #bitcoin

So far, most of the people we are talking with and who have reached out to us are very excited about Bitcoin and are very much pro-Bitcoin. The few we met that aren’t usually bring up the same arguments that we’ve heard: its value is too volatile, it’s used to buy drugs, it’s a ponzi scheme (or digital tulips), it’s not controlled by a central entity etc… Some of them, like volatility, might be valid concerns for now — even though it is probably not for merchants who will mostly likely convert any bitcoin payment to dollars on the fly. Others, like Bitcoin being a ponzi scheme or being the new tulip craze have been debunked and are completely false. Regarding the use of Bitcoin to buy drugs, the reality is that these types of transactions are very limited and amount to less than 0.5 percent of all Bitcoin transactions. The message that we try to impart on those that may st...

Full article: http://bitcoinmagazine.com/6699/an-interview-with-the-exe...

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