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Re: Bank Holiday vs Bitcoin & Litecoin

Posted By: GreyOtter
Date: Sunday, 11-January-2015 23:29:56

In Response To: Bank Holiday vs Bitcoin & Litecoin (GreyOtter)


: 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

Just had an after thought....

I find these digital coins extremely interesting.
Basically, there are few to no barriers on where they
can be sent or spent Globally...unlike official government
fiat currencies.

Some individuals worry about what backs their value.
Well, official government currencies aren't back by anything
other than (hot air) promises.

The more individuals use digital coins, the higher
their value rises. And, there is a set limit on the
number of digital coins allowed in circulation.


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