Brett's list of bits - stuff and things as well as things and stuff...
Is this the legitimizing of crypto currencies?
Crypto currencies are very interesting - they decrease the friction with which money can be shifted around - good for consumers as you don't have to worry about banks clipping the ticket along the way - but there are also significant legal hurdles. And there are volatility issues - no-one wants their money to devalue overnight.
Having a government come forward and back a currency gives it legitimacy and an actual real value. Very interesting times.
Posted: August 7, 2014 @ 10:23
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