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Bitcoin flawed
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Scoop.it!
Since Bitcoin is fundamentally flawed It is now time to build the next level of the monetary revolution: a truly human-based digital monetary system.
Again the problem with deflation is asymmetry. You basically privilege early adopters and leave no room for the next generations. And this problem gets worse when life expectancy rises. The olders hoard the currency longer, but how will the new one get the first coins to start trading? They either can enslave themselves by working for crappy jobs or going in debt. Will the next generations accept it?
I don’t think so. Bitcoin may survive as a payment system but will never succeed as a main means of exchange. Via unspy
Henry James Banayat's insight:
You are right about this flaw on the Bitcoin. That is why our virtual currency in Compumatrix are developed by people and are created from their knowledge and skills as they contribute valuable content to our site. Owning our virtual currency can be done either by buying a card from our members or just simply working online. 
unspy's curator insight,
August 20, 2013 11:10 AM
Yeah, the same thing can be said about gold... and I'll take some gold any day... and it called saving, not hording. |
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Thanks for sharing . Some good tips here. Recently I attended a presentation through Sliding.ca. My takeaway...One slide One message. Emphasize the verbal & Downplay the visual. You should stand out over your slides!
See if this will help you!