“What we’ve got is a monetary system that lacks the real old-time value of gold. And it lacks the real new-time value of simple, low-cost Internet-based information exchange.  We can receive an electronic copy of War and Peace online at virtually no transaction cost. But if we want to pay for it, we must pay fees to zombie banks and credit card companies (and inform the NSA of our reading habits).  Digital money is the biggest innovation in currency in 6,000 years. Modern technology opens this universe up to us – exposing thousands of monetary galaxies and currency solar systems. Surely, we will find at least one planet hospitable to human commerce.”

http://www.bonnerandpartners.com/bitcoin-2-0/

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“Years ago, information was controlled and distributed by single entities. This is why media conglomerates and newspaper companies were so powerful. When we talk about how the internet disrupted those companies, we are really saying that new protocols created the disruption. The protocols provided a way to send and receive instantaneous information without anyone’s permission. The protocol behind Bitcoin is providing the same type of disruption only instead of sending information without any third-party involvement, we are now able to send money without any third-party involvement. In essence, we are democratizing money and rewriting the rules for commerce.”

http://www.forbes.com/sites/danreich/2013/12/03/bitcoin-and-the-two-things-you-need-to-know/

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