A Bit Here, A Bit There

By | 2017-07-17T12:22:26+00:00 October 1st, 2015|Global Market Update|

Bitcoin is impossible. Salvadore Dali: “The Persistency of Memory.” 1931. Source: MOMA Although the digital-currency is accepted by more and more merchants, it’s hard to see why someone should convert dollars into bitcoins just to have a merchant convert them back. All these transactions are recorded at a bank, so there’s no real gain in anonymity—bitcoin’s main selling point. Almost no one is paid in bitcoins; the folks with the best incentive to use them are those who bought some earlier and are now [...]