Blog post written in response to: https://www.scirra.com/blog/tom/4/bitcoins-uk-future-looks-bleak?action=lastpage&t=1386374090922#lastcomment
I recently looked into Bitcoin (yesterday) since it seems to have so much potential for change in the way our money works because right now there’s a horrid cycle we’ve gotten ourselves into with the banks and whatnot.
To me, it seems that they misunderstand Bitcoin and I don’t particularly blame them – I still do not completely understand it myself yet and there’s a lot I have to research and figure out before I can even get involved.
If somehow we could shift over to Bitcoin with more merchants involved, it could become a primary currency and the bank would fall into equilibrium with healthy competition – if my current understanding is correct.
Video of interest: www.youtube.com/watch?v=mII9NZ8MMVM