Misconceptions - Comment - Israel News | Haaretz Daily Newspaper
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    • Alan
    • 16.04.13 | 16:57 (IDT)

    So many misconceptions about bitcoin... I have to answer this - "Money is transferred from the many to the few, thus increasing inequality" Quite the opposite. Bitcoins ARE money for a start. If you buy $100 of bitcoins and buy $100 of goods, what's wrong with that? If you speculate the coins will be worth more and the price drops, that's not 'money transferred to the few', it's just fewer buyers. You seem to be confusing this peer-to-peer digital currency with a classic Ponzi scheme. It's not.

    from the article: Bitcoin, the virtual currency that could cause you real pain
    First published 12:53 15.04.13 | Last updated 12:53 15.04.13
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