Re:Bitcoin Value Sinks After Chinese Exchange Move
by erikpukinskis on Wednesday December 18, 2013 @04:30PM
(#6930938)
In some sense, I think the opposite. Bitcoin will succeed everywhere that PayPal and MoneyGram currently are failing. I suspect Bitcoin will replace a lot of cash and "valuables".
It may someday replace more "developed nations"/consumer-facing stuff like PayPal, but that will be a slow, politicized process fought in the arena of public sentiment. It will spread like wildfire in the arenas where there is currently no good means of transfer.
It may someday replace more "developed nations"/consumer-facing stuff like PayPal, but that will be a slow, politicized process fought in the arena of public sentiment. It will spread like wildfire in the arenas where there is currently no good means of transfer.