|
Registered
Join Date: Oct 2003
Location: Northside, Brooklyn
Posts: 2,384
|
Bitcoin works because to put coins & paper money into the internet it has to be transformed or somewhat translated, a purely electronic currency gets in/out quicker. Yet it also has an 'agreed upon value' like paper money and coins. Something like bitcoin will always be in the mix now that we have computers, electricity and the need for commerce to be separate from governments and currencies with vastly different values. A form of 'computer dollars' are here to stay, bitcoin itself could tank entirely, but it has a pretty good foundation I guess, backed up by a mad genius and a super-computer (!) in the end, it's just a tool 'to move stuff' around.
__________________
jt
'83 SC
'96 M3
6 Bicycles
2 Sailboats
Last edited by Kraftwerk; 04-19-2021 at 10:50 AM..
|