#bitcoinnovation

[virtualcurrencyspace]

Bitcoin: Redefining Traditional Financial Meanings.

When we talk about gold as a store of value that just means a lot of people agree to pay the same price for one ounce of gold. In 2017, enough people agree on the value of bitcoin that it can serve the same purpose. There will only ever be 21 million bitcoins, but this limit comes from computer code, not by how many bitcoins are left to remove from the earth. If we learn tomorrow that half of Montana contained a secret cache of gold, the value of gold would decrease instantly. Bitcoin doesn’t have this problem.”

Finally, the billionaire sees Bitcoin as a powerful catalyst that can start to change the landscape of business and finance.

Terms such as currency, money, wealth, value and even cost need to be updated and revisited. He believes it is Bitcoin that can make people rethink these ideas.

https://cointelegraph.com/news/bitcoin-bursting-with-potential-says-billionaire-jeff-epstein

[virtualcurrencyspace]

Bitcoin: taking over state control of money.

These are the true origins of bitcoin and everyone knows it. Bitcoin is a solution to the problem of the state having absolute control over the form and supply of money and the regulation of banks. That is why it is so powerful; it solves two difficult problems at once, and offers an unimaginable number of secondary uses that are tangential to the money use of bitcoin. The Federal Reserve "stimulus" programmes, secret bailouts and money creation that have destroyed the value of the US dollar are well understood by anyone familiar with the Austrian theory of money and even socialists understand that the Federal Reserve is acting against the interests of anyone that is forced to use its money. http://www.coindesk.com/central-bank-fail-digital-currency/