On 03/01/2014 04:52 PM, Jed Rothwell wrote:
Craig <cchayniepub...@gmail.com <mailto:cchayniepub...@gmail.com>> wrote:
Bitcoin is trusted for the same reason that Salk's vaccine is
trusted -- because it presents a solution to a problem. It's the
open source solution that's trusted; not the man.
Ummm . . . You do realize it failed catastrophically?
Excuse me??
Heh, failure is the last thing that crossed my mind. :)
Funny you believe otherwise. Bitcoin is, and will continue to become, a
revolutionary success. The number of businesses accepting Bitcoin are
growing at about 10% per month. Borders are opening up as people are now
able to trade with each other without the expensive exchange rate tax,
which every merchant in every third-world country experiences when he
tries to compete with countries which do not want his government's
currency. No longer need people be burdened by expensive transaction
fees which can cost upwards of $50, and a day's time, to send money to
some other part of the world.
Bitcoin will be to money, what email is to the telephone, and what the
telephone is to mail: Revolutionary!
Craig
