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Bitcoin a Fad or the Future

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by

John Sneisen

on 2 March 2015

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Transcript of Bitcoin a Fad or the Future

Bitcoin a Revolution or a Scam?
Pros
and
Cons
Loose your wallet loose your Bitcoins "Passphrase"
Bitcoin, Gold and Other Currencies can Bitcoin replace Global trade and reach $100k-$1M?
Acquire and Use Bitcoin?
Use Bitcoin in business and pay employees in Bitcoin?
Bitcoin Adaption Stats
Learn More at:
http://www.theeconomictruth.org
Bitcoin is a store of value
You need internet access
Eliminates Banks and Government control over the money
Globally accepted currency without need for exchange rates
Can't be counterfieted or printed
Can have competitors
Privacy
Fast transfers to anywhere in the world
Terrorism and Money laundering?
Divisible 0.16165708 BTC
Adaption?
"By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some... Those to whom the system brings windfalls,...become "profiteers," who are the object of the hatred... the process of wealth getting degenerates into a gamble and a lottery... Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." -John Maynard Keynes On Inflation
Bail Ins and Bitcoin:
Programmable with many adaptions totally different than regular FIAT Currency
http://www.bitcoin.org
https://www.facebook.com/TrueCommunicationsonTodaysWorldEconomy
http://www.bitpay.com
http://coinmarketcap.com/
http://theeconomictruth.org/crypto-currencies.html
https://www.quadrigacx.com/
http://howtobuybitcoins.info/ca.html
Current Bitcoin Market Cap @13.9M BTC
Bitcoin ATM's in North America and Europe
Full transcript