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by GuB-42
1843 days ago
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Gold is an chemical element very useful properties. As for the banking system, Bitcoin is part of it now. Banks offer cryptocurrency-backed accounts, and if it becomes big, you will probably get all the stuff that banking does like loans, escrow services and fast, reversible transactions. There will be regulations and I guess a fractional reserve system will follow. And how is it uncensorable? All it takes for a state to censor it is to declare it illegal with harsh sentences for those who get caught and embargoes on countries that don't play along. As for Christmas lights, I think you are way off. Care to share the numbers. |
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