On 21/08/14 23:57, Frank O'Connor wrote: > ... Bitcoin and its competitors ... I look at them basically as a > currency stockmarket or bookmaker who deals in money movements ...
An Australian dollar is not much different to a Bitcoin: it is only worth whatever someone will exchange it for. > What will it do that conventional currency and financial products > will not do ... Apparently there is a Bitcoin ATM somewhere in the Canberra Center. I went looking for it, but could not find it: http://newsbtc.com/2014/08/22/bitcoin-atm-hits-australias-capital-city-canberra/ > And no government in their right mind is going to accord them the > status of a legal 'currency'. That power they will always prefer to > keep to themselves. ... Governments are not the only ones issuing currency. Private banks issue their own banknotes in Scotland and Northern Ireland: http://en.wikipedia.org/wiki/Banknotes_of_the_pound_sterling#Scotland_and_Northern_Ireland -- Tom Worthington FACS CP, TomW Communications Pty Ltd. t: 0419496150 The Higher Education Whisperer http://blog.highereducationwhisperer.com/ PO Box 13, Belconnen ACT 2617, Australia http://www.tomw.net.au Liability limited by a scheme approved under Professional Standards Legislation Adjunct Senior Lecturer, Research School of Computer Science, Australian National University http://cs.anu.edu.au/courses/COMP7310/ _______________________________________________ Link mailing list Link@mailman.anu.edu.au http://mailman.anu.edu.au/mailman/listinfo/link
