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Topic: Occupy Wall St. Debating whether convert funds over to Bitcoin - page 2. (Read 2979 times)

legendary
Activity: 4592
Merit: 1276
At least it's being mentioned ....

"The fights over financing are as varied as the protesters' reasons for protesting. Should the library buy the cheapest tables available or more sturdy, durable ones? Should the funds be spent on infrastructure in Manhattan or to help Occupy movements across the U.S.? Should all the money be converted to an alternative currency like Bitcoin?"

source: http://www.huffingtonpost.com/2011/10/24/occupy-wall-street-money-donated-tension_n_1029377.html

Hmmm...it would be quite interesting if this formed some sort of a nuclease of a system whereby value was held as PM's where transactions within the economy were performed with Bitcoin.  In other words, Bitcoin is backed by PM's and is used mainly as a transfer and accounting tool (what I consider to be a 'currency') rather than a store of value in and of itself.

I better go read the article now...


legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
"...an alternative currency like Bitcoin?"

If you think about it that is a hilarious term. It will only occur in online journalism.  Wink
legendary
Activity: 1330
Merit: 1000
Bitcoin
At least it's being mentioned ....

"The fights over financing are as varied as the protesters' reasons for protesting. Should the library buy the cheapest tables available or more sturdy, durable ones? Should the funds be spent on infrastructure in Manhattan or to help Occupy movements across the U.S.? Should all the money be converted to an alternative currency like Bitcoin?"

source: http://www.huffingtonpost.com/2011/10/24/occupy-wall-street-money-donated-tension_n_1029377.html
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