4 ms·

Trading physical goods for virtual commodities? No thank you. The pudding of bitcoin was the promise of a new currency.

• pitnips 13y ago
  Since it's decentralized, it doesn't need banks to prosper. That's the beauty of bitcoin. It can function as a currency while still being seen as a commodity in the eyes of the law.
  • fragsworth 13y ago
    Yes - it doesn't need banks. I think there is lots of confusion as to how this system works. As long as it's legal to own and exchange bitcoins, everyone can be their own financial institution.
    • alttab 13y ago
      I think I cant understand what a world run on bitcoin would look like without a global war.