AndrewMcGowen

Great publish simplifying what bitcoin is and does, Professor. Only a simple query: Say I'm a car vendor, and think if I used to be to just accept 10 bitcoins for a selected car, would the value of these 10 bitcoins change with the change in price on the exchange? 25000 dollars at this time, but if there is no certainty as to what it is price tomorrow, why in the world would this be a reliable currency? Very informative and concise clarification of cryptocurrencies. As far as I can inform, the primary beneficiaries of cryptocurrency transactions are those that are attempting to keep away from the law. Possibly that is not a nasty factor if you live overseas in a tyrannical dictatorship, however here in America, why would I want to get my cash intertwined in a snake pit of people making an attempt to avoid the law (including those making an attempt to keep away from taxes). That doesn't sound very protected in any respect. I will persist with my US dollars, thanks. Jay, I believe he addresses that in the value volatility paragraph.