“Bitcoin, when compared to not only CNY but any national currency, is far less burdened by restrictions on its use. In fact, it has not one. While it’s still a tiny niche, Bitcoin is now in a race with other monies to outcompete them in the global market. And while these other currencies have a massive head start, as well as ‘government legitimacy,’ it remains to be seen how long these fiat currencies can outcompete a newcomer with so little regulatory, transitory, and technical burden. While the other runners might have fancy outfits sponsored by Team America and Team Europe, all are wearing shackles.”

http://blog.bitinstant.com/blog/2012/9/15/brazil-and-the-global-payments-forum.html

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy