26 Sep '15, 9pm

What Would Happen if Bitcoin Was Accepted Globally?

What, exactly, would happen if everyone just dropped the money they were using (USD, the euro, the yen, etc.) and resorted to dealing in bitcoin from here on out? Also read: “Blockchain Technology” is Bringing Bitcoin to the Mainstream This is a question that we’ve likely entertained on an individual or otherwise small scale at some point or another. As a civilization, however, it’s not likely we’ve actually sat down and thought through the full results we’d likely face if Bitcoin were accepted on a global scale, and all other forms of finance became obsolete. For one thing, banks as we know it would be things of the past. We’d say goodbye forever, most likely, the current working methods of entities such as Wells Fargo , Bank of America , Chase Bank and all the other financial powerhouses we still put so much trust and faith in. Furthermore, those secretly advocating for ...

Full article: http://insidebitcoins.com/news/what-would-happen-if-bitco...

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