26 Aug '12, 8pm

BLOGDIAL - The Friction-Free Bitcoin Economy #bitcoin

BLOGDIAL - The Friction-Free Bitcoin Economy Back more than fifteen years ago an article was published that described how the Internet changes everything because it eliminates frictions in the economy. There have been many parallels between how few actually grasped the Internet’s potential to disrupt before it actually began to do so. Beautyon (@Beautyon_ ) takes the same point the previous article had made about the Internet and applies Bitcoin to them instead. Excerpts: “Bitcoin exacerbates [the ability for new competitors to arrive] exponentially, because it removes barriers to securely collecting money from customers.” - “Entrepreneurs in Kansas or New York, according to the Wall Street Journal, must now compete with entrepreneurs from Bangalore and China, whose Bitcoin services are only a click away.” - “Rule Number Two: Offer a distinctive something to your customer....

Full article: http://www.bitcoinnews.com/post/30248241398/friction-free...

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