[2017-03-27] Moneycontrol: BTC may be in a bubble but its about to disrupt money

Bitcoin may be in a bubble but it's about to disrupt the concept of money. Here's why

http://www.moneycontrol.com/news/business/economy/bitcoin-may-be-in-a-bubble-but-its-about-to-disrupt-the-concept-of-money-heres-why-2247207.html

Money makes the world go round, as the saying goes, and yet few of us ponder over its existence or history.

From the barter system to gold coins to gold-backed currency to paper currencies, the medium of exchange has evolved with humankind's progress.

A fast-increasing class of people believes that the future belongs to digital currencies -- these are currencies that are virtual, decentralised and operate without oversight from central banks, who have been the regulator of currencies for a few currencies now.

Bitcoin, based on the blockchain technology, is currently the most famous digital currency.

When it first came into existence, many termed it as ‘not real’ money, arguing that it cannot be held in one's hand or physically kept in a wallet.