Bitcoin Solves a Huge Problem for the Global Economy

[CryptoCurrencyInc.com]

Bitcoin Solves a Huge Problem for the Global Economy

Everyone’s talking about the fast growing digital currency Bitcoin. Jamie Dimon hates it, Marc Andreessen loves it, and Alan Greenspan thinks it’s a bubble with no intrinsic value.

Radio Show: Audio can be found at the link below.

http://business.time.com/2014/01/23/is-bitcoin-the-next-truly-global-currency/#ixzz2rcQkeRFD

[BADecker]

But... Bitcoin will destroy the fiat currencies. They will fail at exponentially greater rates. Their final crash will come all at once.

Bitcoin will survive. But there are very few people who understand it, and who use it to trade for THE THINGS THEY NEED TO SURVIVE. Think of all the elderly and sick who will die because they no longer receive a government check in the mail.

[oprahwindfury]

It's great to push for bitcoin adoption and all but saying bitcoin will solve global economic crises is a huge stretch. Bitcoin in its current state is unwieldy. Think about how many fees you pay on exchanges to aquire bitcoins or move them to fiat to spend locally. Of course in the present, the bitcoin economy hasn't grown to the point where someone wouldn't need to convert to fiat in order to use his/her money.

Think about how difficult it is to explain bitcoin to an average person in the U.S. who has access to internet and other 1st world amenities. Now think how hard it would be to explain bitcoin to someone in Africa who has no knowledge or concept of what the internet even is.

[reymarkperry]

I think it’s too early to say that bitcoin can solve global economy problem because it is just starting to gain popularity. It is not yet stable and many people are still speculating its true use to our economy, whether it could be really beneficial or not. It may have a huge help in online casino industry, but it is still under evaluation in some businesses.

[alicex]

It's great to push for bitcoin adoption and all but saying bitcoin will solve global economic crises is a huge stretch. Bitcoin in its current state is unwieldy. Think about how many fees you pay on exchanges to aquire bitcoins or move them to fiat to spend locally. Of course in the present, the bitcoin economy hasn't grown to the point where someone wouldn't need to convert to fiat in order to use his/her money.

[sickpig]

Bitcoin Solves a Huge Problem for the Global Economy

Everyone’s talking about the fast growing digital currency Bitcoin. Jamie Dimon hates it, Marc Andreessen loves it, and Alan Greenspan thinks it’s a bubble with no intrinsic value.

Radio Show: Audio can be found at the link below.

http://business.time.com/2014/01/23/is-bitcoin-the-next-truly-global-currency/#ixzz2rcQkeRFD

Both guests agree that btc limited supply will be the reason why it couldn't be a global currency... wow.
And all person involved in the discussion, host included, agree on the need of a central authority to stabilize the value and to protect customers.. wow number 2.

Is like they were trying to wrap their minds around the idea of btc using the wrong pair of glasses.

[visionco13]

Awesome show  Thanks for sharing!

[BTCIndia]

Bitcoin also raises biggest problem for existing  currency.