[2014-06-16] Why Bitcoin is the Petroleum of Our Time

epere

sr. member

Activity: 364

Merit: 250

Quote from: roslinpl on June 17, 2014, 03:10:52 AM

Well .. I know it is 17th today

but no one put this article yet on the post, and I must say it is very nice to read.

A link to an article.

Quote

Tuur Demeester is an independent investor and newsletter writer. He has a background in Austrian economics, the school that specialises in the study of boom-and-bust cycles in the economy. Here, he compares bitcoin’s disruptive potential in traditional finance to petroleum’s shakeup of the whale oil industry in the 19th century.

Enjoy reading.

Regards.

Tuur Demeester would be crazy if Tuur Demeester weren't all testing Bitcoin at this point, it would not to look good to be left behind.

roslinpl

legendary

Activity: 2212

Merit: 1199

Quote from: zeetubes on June 17, 2014, 08:00:28 AM

Cool. Not just a good article but I learned a little bit of history I hadn't been aware of. Thanks!

Thanks to coindesk. From time to time they have some really good articles - like that one.

I must say I don't favorite coindesk as some of their articles are spreading FUD :-) like all of those articles about China ban. But when they focus they can write it just right.

Regards.

zeetubes