heisenburrr
Have Fun Staying Poor
So my finance teacher is making me write a paper on this and he made us all read this article.
http://bear.warrington.ufl.edu/Banko/TP2/Andreessen.pdf
:
Best explanation of it i've seen thus far. I like the comparisons of it to the internet when it was first invented, i can see similar reactions to such disruptive technology like that.
Also the bit about it being pretty much like having regular money in the real world where you don't have to input personal information to get a product or pay someone made it much clearer for me.
Can't say I'm against it, i'm just gonna have to adjust if it really catches on
The potential impact is wild:
No credit card fraud
No bank fees
Public Payments (this dude held up a sign with a QR code at a sporting event and got $25,000 worth of bitcoin) would be great for protest movements
Could help newspaper industry
Reduce spam
Avoid problems like the stolen identity information fiasco that happened at Target
And this is really only a fraction of the potential of the technology behind Bitcoin
