[2015-04-23] Forbes: Cash Is Here To Stay Despite The Rise Of Bitcoin

[pattu1]

Cash Is Here To Stay Despite The Rise Of Bitcoin, Venmo, And Apple Pay

http://www.forbes.com/sites/arjanschutte/2015/04/23/show-me-the-money/

Everyone in the financial services industry is very excited about the digitization of money.  How exciting it would be to forego cash (and those annoying checks), in favor of a more efficient world of commerce and assets.  At the hand of Bitcoin, the argument goes, or Apple Pay, or what-not – our money would be more secure, more liquid, more flexible, and wield more control.  And while all that is true – and then some – we’re also still a long ways away, because currency made with atoms is incredibly persistent.

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[Chef Ramsay]

You gotta grove in this instance, plenty of good things are here for your perusal at this point. Win!

[bitbouillion]

Cash Is Here To Stay

Really?

Citi Economist Says It Might Be Time to Abolish Cash
http://www.bloomberg.com/news/articles/2015-04-10/citi-economist-says-it-might-be-time-to-abolish-cash

War On Cash Intensifies: JPMorgan Chase To Prohibit The Storage Of Cash In Safety Deposit Boxes
http://etfdailynews.com/2015/04/22/war-on-cash-intensifies-jpmorgan-chase-to-prohibit-the-storage-of-cash-in-safety-deposit-boxes/

[Kprawn]

Don't we just love it, when we proof these kinds of statement wrong? 

" Bitcoin. Last year was clearly quite exciting for the Bitcoin world, and I believe crypto-currency technology remains incredibly important to the current financial services revolution. Bitcoin also offers most of the cash advantages: it’s free, it offers control and anonymity.  It is not universally accepted – and never will be, in my opinion.  And because of that, it’s not effectively liquid.  So, no chance. "

Cough.... Bitcoin is not FREE, it's just cheaper. / It's not anonymous... It's Pseudo Anonymous / Having more than 100 000 merchants accepting Bitcoin and offering services where you pay in Bitcoin and the merchants are being paid in fiat, makes it almost "universally accepted" .... 

Journalists just love to spread FUD and play with words, to get more views .... In a year from now, the counter article will read .... "Bitcoin : The most disruptive technology ever invented"