“One of bitcoin’s biggest benefits as an option for internationalizing one’s assets is that it exists only as an abstract computer-driven file. This makes the coin exceedingly durable and easy to transport (or recover) anywhere in the world. In other words, you don’t have to bury a few bitcoins in the backyard, and then dig them up on the offchance you need them, like with gold and silver. Bitcoins are much less bulky than precious metals, a major convenience. Plus, nobody wants to board plane-after-plane to get a considerable amount of gold out of the US. That bitcoin is not tangible bestows upon it special properties. Special properties that neither gold nor silver demonstrate.”
Related posts:
FBI Concocting A Terrorist Threat Out of Racial Justice Groups
Second Bitcoin Miner After Satoshi Shares His Experience
Meet CO-TRAVELER: The NSA's Cell Phone Location Tracking Program
Reality Check: President Obama’s Rules For Assassinating U.S. Citizens?
Glenn Greenwald: Low-level NSA analysts can spy on Americans
Phoenix Police “Help” a Man to Death
Facebook is reportedly prepping an e-money service in Ireland
Chinese Survivor Of Tiananmen Square Cautions Against Gun Control In America
The Myth of the Efficent Government Organized First Responders
Bernanke Must Testify Under Oath
Tennessee to roll out “No Refusal” blood-draw DUI checkpoints for Labor Day
DEA Bans Security Companies, Armored Cars From Serving Pot Dispensaries
Guardian publishes third secret NSA document, on US cyberwar plans
Ben Swann Reality Check: Growing National Divide Over Guns and Gun Control
Internet luminaries urge EU to kill off automated copyright filter proposal