https://blog.p2pfoundation.net/will-bitcoin-change-money-landscape/ Researching, documenting and promoting peer to peer practices Tue, 24 Dec 2013 08:23:48 +0000 hourly 1 https://wordpress.org/?v=5.5.16 https://blog.p2pfoundation.net/will-bitcoin-change-money-landscape/comment-page-1/#comment-583948 Tue, 24 Dec 2013 08:23:48 +0000 http://blog.p2pfoundation.net/?p=34954#comment-583948 […] In my opinion, money as we have known it is dead. With the avent of cryptocurrencies, we will see a whole different ball game developing. Bitcoin, as a currency independent of any state authority, is going to attract current money towards it. The magnet that is being used is a guaranteed scarcity, not unlike what Gold, used as money, has given us for a good long time. The scarcity is guaranteed by having a finite number of bitcoins ever to be created. That means, the more request for them, the more the price goes up. The other interesting characteristic of Bitcoin is that it can be used to send money from one user to another without any intermediary. Instant transfer of money from anyone to anyone over the internet…  […]

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