The very fact that a politician treated
bitcoin like real money electrified crypto enthusiasts all over the world.
Not exact matches
What is interesting to see with this
bitcoin hype is how uneducated writers still are when it comes to the question of what
money actually is — especially the assumption that
money, e.g. US Dollars, are tied to any
real world values
like gold is one of these modern fairytales that is repeated often — I can not understand that even after the big corporate crimes (aka as «financial crisis») that US Citizens cost millions of dollars there is still such a lack of understanding of what
money actually is.
«But if governments continue to just print
money like crazy, devaluing the currencies all around the world, people are figuring it out
real quick — with
bitcoin that sort of thing can't happen and people are going to just flood to want to use
bitcoin instead of dollars or euros or yen.»
An exchange lets you convert «
real money»
like US dollars to
Bitcoin.
Someday, Quinn said, the value of cryptocurrencies
like bitcoin will level off enough that we will be able to start treating them
like real money.
«It would seem that an industry
like real estate, which already has a high comfort level with technology and the electronic exchange of large sums of
money, will be a natural fit for
Bitcoin in the coming years.
But with today's rise of cryptocurrencies
like Bitcoin, a growing group of game - makers are embracing some gamers» tendency to turn in - game currency into
real - world
money.
When buying products online or in the store, most people still use physical fiat
money like dollars or euros, and
bitcoin was the first
real blockchain product to offer an alternative.