“Gold
is a great way to preserve wealth, but it is hard to move around. You
do need some kind of alternative and Bitcoin fits the bill. I’m not
surprised to
see that happening.” - Jim Rickards, American Lawyer, Economist and
Investment Banker
Because I dig what Bitcoin and other crypto-currencies are trying to do and the competition it poses to our increasingly corrupt and entrenched banking systems, I thought the following article was worth mentioning:
By Scott Dance, The Baltimore Sun
"Cryptocurrency may be the future, but it lives in what is, for many, still a cash world.
So
while bitcoin advocates push for ways to encourage people to use the
digital form of payment, they also must meet consumers — and their
wallets — where
they are.
A
company that plans to install as many as 100 bitcoin ATMs by year's end
installed the region's first of the machines Monday night at Fells
Point bar Bad
Decisions. More are planned for Baltimore-Washington International
Thurgood Marshall Airport and Amtrak stations, Wal-Marts and 7-Eleven
stores around the region.
While
usage of bitcoin is still low — even at establishments like Bad
Decisions, a well-known early adopter of technology and social media —
advocates hope
the ATMs will make it easier for technophiles to give bitcoin a try.
"It's
going to be an easy entry point for consumers to actually get
bitcoins," said Josh Riddle, CEO and co-founder of Bitsie, a Baltimore
startup that works
with brick-and-mortar stores to help them accept bitcoin payments."
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