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View Diary: Money, Control and Power: M-Pesa, Bitcoin and Kipochi (29 comments)

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  •  There really isn't any scarcity. (1+ / 0-)
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    Bitcoin is divisible to eight decimal places.  Why would it be abandoned?

    There are those who think its best use-case is as a settlement vehicle - so, large transactions behind the scene.

    I see more usefulness for it as a way for people to move their money at will, just like the 1% does.  I mean seriously - have you seen the currency restrictions that are being placed on people around the world?  The EU has gotten terrible.  In Argentina you have to go through a couple weeks of paperwork and inquisition to get 100 dollars a day (equivalent) approved, to take a vacation outside the country.

    It ain't called paranoia - when they're really out to get you. 6 points.

    by Jaime Frontero on Tue Jul 16, 2013 at 07:04:06 AM PDT

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