- cool! 
Topic: [2015-01-23] WSJ: Bitcoin and the Digital-Currency Revolution (Read 1125 times)
great article and video for a mainstream website. the authors understand BTC - cool!
- cool! 
WOW! What and article; the fist time I've seen such a mainstream financial journal actually going into explaining how bitcoin works, step-by-step.... and it's all positive.
And for all those who keep saying that bitcoin has no value and fiat is better:
And for all those who keep saying that bitcoin has no value and fiat is better:
Quote
Here we have to remind ourselves of some economic fundamentals: Money’s essence doesn’t reside in tangible currencies, which have no intrinsic value—beyond, say, a dollar bill’s modest usefulness as a bookmark. Much the same can be said of bitcoins, which are made up of bits and bytes.
In the broadest sense, money is, instead, an all-encompassing, society-wide system for keeping up with who owns or owes what. Physical currencies are simply symbols or tokens in that system, representing a shared standard of value for tracking wealth holdings. What Nakamoto’s blockchain invention offers is an online, decentralized and fully public mechanism for recording those shifting balances. It deals directly with the essence of money.
In the broadest sense, money is, instead, an all-encompassing, society-wide system for keeping up with who owns or owes what. Physical currencies are simply symbols or tokens in that system, representing a shared standard of value for tracking wealth holdings. What Nakamoto’s blockchain invention offers is an online, decentralized and fully public mechanism for recording those shifting balances. It deals directly with the essence of money.
I read this article and it was very encouraging for bitcoin.
I was heartened to see such a supportive article in a mainline business publication like the Wall Street Journal. With only about 13 million bitcoins out, and only 21 million ever, it wont take much mainstream interest to really get things hopping.
I was heartened to see such a supportive article in a mainline business publication like the Wall Street Journal. With only about 13 million bitcoins out, and only 21 million ever, it wont take much mainstream interest to really get things hopping.
Bitcoin and the Digital-Currency Revolution
http://www.wsj.com/articles/the-revolutionary-power-of-digital-currency-1422035061
No digital currency will soon dislodge the dollar, but bitcoin is much more than a currency. It is a radically new, decentralized system for managing the way societies exchange value. It is, quite simply, one of the most powerful innovations in finance in 500 years.
http://www.wsj.com/articles/the-revolutionary-power-of-digital-currency-1422035061
No digital currency will soon dislodge the dollar, but bitcoin is much more than a currency. It is a radically new, decentralized system for managing the way societies exchange value. It is, quite simply, one of the most powerful innovations in finance in 500 years.
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