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re: Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.

Posted on 4/12/13 at 9:01 pm to
Posted by LSURussian
Member since Feb 2005
127271 posts
Posted on 4/12/13 at 9:01 pm to
quote:

what model properties would be necessary for success?

Probably a corporate giant backing it, ala a Google or an Apple type enterprise, which they would introduce the private label digital currency to encourage more people to use their services.

But the main requirement will have to be the currency must provide more advantages over our current national currencies other than it allows the user to maybe evade laws.

This post was edited on 4/12/13 at 9:03 pm
Posted by gizmoflak
Member since May 2007
11675 posts
Posted on 4/12/13 at 9:26 pm to
What if the US govt introduced their own crypto currency and provided tax incentives for adopting it. I could see all the major online retailers instantly accepting it.

Maybe fedgov is keeping a close eye on the bitcoin experiment and taking notes

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