“‘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:
Illinois Enters the Fiscal Death Spiral
Bill Bonner: This Hugely Popular Investment Is About to Blow Up
Furor Growing Against Obama Over 'Monsanto Protection Act'
David Galland: Three Reasons the Case for Gold Remains Intact
Ohio Dept. Of Insurance: Obamacare To Increase Premiums By 88 Percent
Banks' 'Uber moment': 100,000 bankers fired in 2015
COMEX Depository Warehouse Gold Stockpile 2003-Present
Ballot initiative looks to save Los Angeles pot shops
Brooklyn family accuses NYPD of causing father’s fatal heart attack
Italy Coalition Plans To Deport 500,000 Migrants As Bond Carnage Returns
Parody a police officer on Twitter, go to jail in America
Can bitcoin absorb hundreds of millions in institutional capital?
The Most Dangerous Cities in America
How to Sell Bitcoins on eBay Without Getting Fleeced? Use FedEx
Matt Damon’s Anti-Fracking Movie Financed By OPEC Nation