26 Nov '14, 11am

Is the Government’s Support of Bitcoin Insane… or Genius?

Is the Government’s Support of Bitcoin Insane… or Genius?

In this mess, Bitcoin rises like an angel come to offer us salvation because it isn’t under the control of a single central authority, like fiat currencies. It’s also a currency that is not subject to inflation because, unlike fiat currencies, which can be printed at the will of the government, the Bitcoin can only create a finite amount of the currency. Only 21 million units will ever be produced and since the “manufacturing” system is extremely complicated and requires a lot of computing power, technical knowledge and patience, creating Bitcoins is nothing like printing another round of dollars.

Full article: http://www.business2community.com/finance/governments-sup...

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