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FSN: Bitcoin for Beginners
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Jeffrey Tucker
Laissez Faire Books
Understanding Bitcoin requires that we understand the limits of our ability to imagine the future that the market can create for us. That is exactly what is happening with Bitcoin right now. As I type, the price is exploding, the main exchanges are overloaded, and people around the world can’t convert from government currency into this digital gold fast enough.
Absolutely no one imagined such a thing five years ago. Why are we surprised? We should get used to surprises in this digital age. Thirty years ago, for example, if someone had said that electronic text — digits flying through the air and landing in personalized inboxes owned by us all that we check at will, any time of the day or night — would eventually displace first-class mail, you might have said this is impossible.
After all, not even The Jetsons cartoon imagined email. Elroy brought notes home from his teacher on pieces of paper. Still, email has largely displaced first-class mail, just as texting and social network private messages and even Voice over Internet Protocol are replacing the traditional telephone.
2013-04-03 12:32:40
Source: http://silveristhenew.com/2013/04/03/bitcoin-for-beginners/
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