“What about the notion that it’s dumb to spend Bitcoin on, say, a toaster from Overstock, if you think it’ll eventually go up in value? Because it’s far more economically efficient, Ehrsam says, even if you make a purchase with Bitcoin and then immediately buy that Bitcoin right back—an ability he says Coinbase is working on right now. But later on, Ehrsam explained that consumers don’t understand how high the cost of traditional payment networks really is, because it’s generally merchants who are stuck with the fees. Ehrsam thinks 2014 will see a critical mass of merchants wanting to get into Bitcoin to save themselves those fees.”
(Visited 31 times, 1 visits today)
Related posts:
This Graph Shows How Bad the Fed is at Predicting the Future
"Contempt for the Screening Process", 91 Other Reasons You're a Terrorist
Drug Dealers Unfazed By Legal Pot: "Nobody Wants To Be On A List"
FBI, NSA Spied On Prominent Muslim-American Leaders
Next Stop On The Road To Surveillance State: License Plate Scanners
Students Underwater
US court rules that IP cloaking to access blocked sites violates CFAA law
Cops to Congress: We need logs of Americans' text messages
DEA paid Amtrak secretary $854,460 for data available to it for free
$50bn Asian infrastructure bank approves 57 founding members
American Eagle Gold Bullion Coin Sales Suspended; U.S. Inventory Depleted
“Butt Out,” 60% of 18 to 34-Year Olds Tell Federal Government
Senate Committee Votes in Favor of NSA Phone-Records Snooping
National Lawyers Guild Report Supports Further Marijuana Legalization Initiatives
Doug Casey on the America That Was – Now the United (Police) State of America