AndrewMcGowen

Nice publish simplifying what bitcoin is and does, Professor. Just a simple query: Say I am a automobile dealer, and suppose if I was to just accept 10 bitcoins for a particular car, would the value of these 10 bitcoins change with the change in value on the trade? 25000 dollars right this moment, but if there's no certainty as to what it is price tomorrow, why on the earth would this be a reputable currency? Very informative and concise explanation of cryptocurrencies. So far as I can inform, the main beneficiaries of cryptocurrency transactions are those who are trying to keep away from the legislation. Possibly that is not a bad thing if you reside overseas in a tyrannical dictatorship, however right here in America, why would I wish to get my money intertwined in a snake pit of people trying to keep away from the legislation (together with these making an attempt to avoid taxes). That does not sound very safe at all. I will stick to my US dollars, thanks. Jay, I imagine he addresses that in the price volatility paragraph.