[2014-04-21] VW: Bitcoin A Useful Innovation, But No Substitute For The Dollar

[bryant.coleman]

http://www.valuewalk.com/2014/04/bitcoin-vs-the-dollar/

A new article by Jerry Brito on Reason.com titled “Bitcoin is No Substitute for Government Money, But a Refuge From Control” points out that while Bitcoin has the potential to be useful as an equalizing factor in the global economy, it is not an effective replacement for “fiat currencies”, nor is it a real hedge against traditional inflation.