Topic: 2013-06-08 IBTimes: China Backs US Startup Coinbase And US Falls Behind (Read 976 times)
June 08, 2013, 04:18:49 PM
Western übernerd T-shirts, please. Great phrase - I'm standing a bit taller already.
June 08, 2013, 01:15:01 PM
sounds like the authors have been reading this forum.
June 08, 2013, 12:14:12 PM
Quote
Bitcoin, long the plaything of the Western ubernerd, now appears poised to grow substantially in China and other markets, like the euro zone, where government meddling in native currency valuations has left many distrustful of the money in their bank accounts.
Americans don’t have this problem -- yet. And that may be a problem in itself. According to bitcoin proponents, if the U.S. tries to ignore the nascent currency, writing it off as a financial fad with less value than the seemingly stable dollar, Americans risk ceding to the Chinese and others control of the future of what could be the most disruptive force in monetary exchanges since the credit card. In turn, the dollar and the ability of the U.S. to navigate global currency conflicts could be seriously weakened.
Americans don’t have this problem -- yet. And that may be a problem in itself. According to bitcoin proponents, if the U.S. tries to ignore the nascent currency, writing it off as a financial fad with less value than the seemingly stable dollar, Americans risk ceding to the Chinese and others control of the future of what could be the most disruptive force in monetary exchanges since the credit card. In turn, the dollar and the ability of the U.S. to navigate global currency conflicts could be seriously weakened.
http://www.ibtimes.com/battle-over-bitcoin-china-backs-us-startup-coinbase-us-falls-behind-virtual-currencies-1297147
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