23 Dec '13, 3pm

Bitcoin Analysts Contribute to a Post-Legal Tender Era

Bitcoin Analysts Contribute to a Post-Legal Tender Era

The year 2013 saw at least three bitcoin analyst reports from financial investment firms, an astonishing achievement for a young five-year-old digital currency. In some economic circles, bitcoin has slowly entered the ‘reserve currency’ lexicon. Are we entering a post-legal tender era, where the provision of money is determined by the market and not by central bankers? Why do we see mainstream analysts reporting on price and economic impact for bitcoin when we never really saw that with other digital currencies? The reason is simple – previous digital currencies were not decentralized with an independent floating exchange rate and they did not operate beyond confiscation. Examples such as Digicash and e-Gold were brilliant proofs of concept, but their centralized nature also offered a single point of failure. Governments are not going to accept a challenge to their monetar...

Full article: http://www.coindesk.com/bitcoin-analysts-post-legal-tender/

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Bitcoin: A modern day 3-card Monte

Bitcoin: A modern day 3-card Monte

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rinaz.net 30 Dec '13, 8am

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Wall Street Analysts: Bitcoin Could Revolutionise the Non-Financial World Too via @coindesk

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