[2015-04-15] BS - Money: mind, body and soul

[polynesia]

Money: mind, body and soul

http://www.business-standard.com/article/opinion/money-mind-body-and-soul-115041501298_1.html

Technology is redefining money, as best exemplified by the digital currency Bitcoin which, though it has seen early success, has experienced volatility too and is not thought to be a firm store of value. But, as Mr Sehgal points out, governments are the greatest impediments to the more widespread adoption of Bitcoin - they can simply decree what is or isn't legal tender within their borders. So, he concludes, it is more likely that Bitcoin will prevail as a technology that enables the transfer of existing currencies rather than becoming a currency in itself.