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February 03, 2013, 08:27:35 AM |
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It's a good sign that such questions are asked.
The trasparency of Bitcoin might not seem so obvious for the general public, but the traditional money management, with banks and regulators, is not transparent either.
But people use paper money anyway. It's considered a tool doing business and buying what you want.
Bitcoin demands a different level of understanding of the concept of money. Bitcoin is a statement as much as it is a medium of exchange.
Don't underestimate it's value as an educator. For people to understand Bitcoin, people have to understand what all money really is. So it's a political statement also.
If we just consider Bitcoin for it's practical values as a medium of exchange, with it's obvious advantages as low fees, instant transfeers, pseudo annonymity etc, makes Bitcoin is neat but not brilliant.
The most important criteria for Bitcoin evolution is not the market implementation, it's the statement about a free monetary system in the hands of the people.
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