
“‘This idea that people aren’t betting when they hang on to a dollar is incorrect.’ They also love the currency’s transparency, explaining that ‘there is nothing predictable or transparent about the US dollar. No one has any idea what the Federal Reserve’s going to do, how they operate.’ Bitcoin, on the other hand, is fixed at 21 million coins that will come out incrementally and predictably over time. ‘Bitcoin brings the promise of email to the finance sector. Now it’s instant and effectively free to send money anywhere,’ the twins said.”
http://www.businessinsider.com/winklevoss-twins-on-bitcoin-2013-11
Related posts:
One Thing Explains Why Home Prices Are Rising In Some Cities And Falling In Others
Lonely Jeremiahs
Debt: Still Cheap, and Getting Looser
Trump’s Operation Police State
18 Reasons Why Doctors and Lawyers Homeschool Their Children
Senate Report Highlights Cars Vulnerable to DARPA-Funded Hackers
EU To Ban U.S. Cheese From Using Names Like 'Feta' and 'Parmesan'
Federal Auditors, IRS Pan Tax Regulations For Bitcoins
America’s Corporate Tax System Ranks a Miserable 94 out of 100 Nations in “Tax Attractiveness”
Florida Cops Use SWAT-Style Raids to Check Barbers' Licenses
French agency caught minting SSL certificates impersonating Google
ASICMiner Stock Price Rises From 0.1 To Over 2 Bitcoins Per Share
Fake it Till You Make it, How to Become a Journalist
Biohackers: The Next Computer Revolution, or Global Catastrophe?
Journalist Accosted By Security Over Mayor Bloomberg Gun Control Question