Topic: 2012-10-20 economicspolicyjournal.com - Bitpay used in NY Cabs (Read 930 times)
Exactly. SR proves that the "region" in which something is accepted as money does not have to be a geographic region. Now the borders of association can be drawn by mutual interest, not just geography. This is part of the larger paradigm shift that is the Internet.
Our 'region' is the internet, so I'd say we have ample footing there.
http://www.economicpolicyjournal.com/2012/10/headed-uptown-in-bitcoin-limousine.html
Congrats to the guys at bitpay for being mentioned in one of my favorite economics and financial blogs.
Congrats to the guys at bitpay for being mentioned in one of my favorite economics and financial blogs.
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Of note: The ability to pay by bitcoin via smartphone is making it much closer to a money. BUT, the key still remains the number of people who will accept bitcoins in payment. For something to become a medium of exchange, it must have near universal acceptance as money, within a region. Bitcoin isn't there yet, by far.
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