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Topic: [2015-04-15] BS - Money: mind, body and soul (Read 798 times)

legendary
Activity: 1358
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April 15, 2015, 07:13:07 PM
#1
Money: mind, body and soul

http://www.business-standard.com/article/opinion/money-mind-body-and-soul-115041501298_1.html

Technology is redefining money, as best exemplified by the digital currency Bitcoin which, though it has seen early success, has experienced volatility too and is not thought to be a firm store of value. But, as Mr Sehgal points out, governments are the greatest impediments to the more widespread adoption of Bitcoin - they can simply decree what is or isn't legal tender within their borders. So, he concludes, it is more likely that Bitcoin will prevail as a technology that enables the transfer of existing currencies rather than becoming a currency in itself.
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