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Bank Holiday vs Bitcoin & Litecoin

Posted By: GreyOtter
Date: Sunday, 11-January-2015 17:59:15


If the rumor about not being able to get your fiat
money out of your bank is true...crypto-curriences may
provide the "Powers That Be" a real headache.

The reason being they are not controlled by any govt.,
or financial entity. Bitcoin, and Litecoin are currently
the most widely circulated. China currently accounts for
10% of the usage.

Some of the companies currently accepting BTC, or LTC
for purchases: Time, Inc; Overstock.com; Microsoft, etc.

crypto-curriences are digital, and circulate P2P, not


from, or in any central point...therefore mostly untraceable.

You can see the activity live at BTC-e.com; these can
be acquired at coinbase.com .

More, and more companies, and websites are accepting
BTC & LTC as a normal part of their business.

As a safeguard against "Bank Holidays", it makes sense
to have a portion of your funds in alternative payment methods.

GreyOtter


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