“‘Why is it in 2013 I can send you an email, a voicemail, or text message, but if someone says ‘you owe me $10 for my pizza last week’ and I try to send it, the bank wants to charge me $27?’ he asked. ‘You might get it next week but it isn’t guaranteed. We have a banking system that’s slower than it’s ever been.’ Bitcoin has the potential to be ‘an IP address for money,’ he said, but bitcoin services must become more intuitive if mainstream adoption is to occur. ‘Try to buy $10 in bitcoins. It’s easier to get on a plane and fly to Mt. Gox,’ he joked.”
Related posts:
The Private Prison Companies Profiting From Family Separations
Stop Ray Kelly from leading Homeland Security Department
Homeland Security Expands Electronics Seizure In "Constitution-Free" Zones
How I Learned to Stop Feeling Safe in My Own Country
Caterpillar Punked By Chinese Fraud, To Write Off Half Of Q4 Earnings
Gun Revolution: The WikiWeapons Project (3D Printer)
Pressure Mounts for Marijuana Reform in Bermuda
Anti-marijuana New York assemblyman busted for weed possession
Judge Napolitano on What's New About the Snowden Revelations
Petition to name San Francisco’s Bay Bridge after Emperor Norton gains support
Tampa SWAT Team Kills Marijuana Grower In His Home
Bernanke’s Bubble: A Counterfeit Boom Based on Counterfeit Money
Singapore’s central bank lost $10.2 billion fighting Bernanke [2013]
Toolbar enslaves PCs for Bitcoin mining
Dwolla shuts doors to bitcoin companies and virtual currency exchanges