04.03.2014 - Bitcoin: Currency or commodity?
The Bitcoin phenomenon has now reached the mainstream media where it met with a reception that ranged from sceptical to outright hostility. The recent volatility in the price of bitcoins and the issues surrounding Bitcoin-exchange Mt. Gox have led to additional negative publicity. In my view, Bitcoin as a monetary concept is potentially a work of genius, and even if Bitcoin were to fail in its present incarnation a scenario that I cannot exclude but that I consider exceedingly unlikely the concept itself is too powerful to be ignored or even suppressed in the long run...............................................Full Article: Source
Print