Bitcoin could be the Spanish Piece of Eight of 21st Century, says US academic
http://www.belfasttelegraph.co.uk/technology/bitcoin-could-be-the-spanish-piece-of-eight-of-21st-century-says-us-academic-31152768.html
Quote
The discovery of the Potosi mine in Peru by Spanish colonialists in the 16th Century resulted in a massive increase in silver production and the subsequent spread of the Silver Dollar, or Piece of Eight.
With its use by communities that reached from the New World to China, that Spanish coin became what is generally recognised to have been the world’s first global currency.
Five hundred years later, bitcoin could be just as important, standing as it does on the threshold of global digital adoption.
...
With its use by communities that reached from the New World to China, that Spanish coin became what is generally recognised to have been the world’s first global currency.
Five hundred years later, bitcoin could be just as important, standing as it does on the threshold of global digital adoption.
...