Quoted By:
>Bitcoin is a peer-to-peer network based digital currency. Peer-to-peer (P2P) means that there is no central authority to issue new money or keep track of transactions. Instead, these tasks are managed collectively by the nodes of the network.
Your thoughts /g/?
I personally think that this could be quite an effective, secure and stable system.
We have part of the infrastructure needed to use something like it in place with all the people with smartphones and such. And I am quite sure that it would be much cheaper for the government to give every citizen a small electronic device for such transactions than producing loads of paper money and supporting a huge bureaucracy for the purpose of maintaining the value of the said currency.
Your thoughts /g/?
I personally think that this could be quite an effective, secure and stable system.
We have part of the infrastructure needed to use something like it in place with all the people with smartphones and such. And I am quite sure that it would be much cheaper for the government to give every citizen a small electronic device for such transactions than producing loads of paper money and supporting a huge bureaucracy for the purpose of maintaining the value of the said currency.