body~politic

~~~~~~~~~> Does DEBT  become SERFDOM ?

Tweet me @ColonialSerf, and let me know, and I'll share the answers HERE!!!

Friday, January 6, 2017

Bitcoin Will Never Be a Currency—It's Something Way Weirder | WIRED

Bitcoin Will Never Be a Currency—It's Something Way Weirder | WIRED



Bitcoin is also a useful way of moving money across international borders, and that will likely be its main application over the next several years. But for Carlson-Wee, bitcoin is most valuable as something else entirely—not as a new currency, not as a new gold, not as a new Western Union, not even as a new stock, but as something that enables financial phenomena that have never existed before, what Carlson-Wee calls “programmatic finance.” Through the idea of a blockchain, Carlson-Wee believes, it will power businesses that essentially own and run themselves—a role more important than any one currency.


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