Five years ago, I found myself in Buenos Aires, Argentina on a long-awaited vacation to the South American country. The country has a very European flavor with some 97% of its population having Euro roots. Specifically, there is a concentration of Italian and German surnames in that country. It was interesting to me as a native Central American how there were so many famous people from Argentina with Italian names (Manu Ginobili of NBA fame and Gabriela Sabatini from the world of tennis). This Italian heritage definitely comes into play in Argentine politics.
Finally, this is going to be the real test of Bitcoin Evolution Review. Can people easily trade them back and forth? If this can’t happen, then there can’t really be a bitcoin economy because retailers won’t be able to use it. If retailers can’t use it, what earthly good is it? Fortunately, this is not really a problem. iPhone is a bit of a hold out, but many smartphones have apps (mobile wallets) that will read QR codes and allow you to send bitcoin to whomever you want. You can also display a QR code of your address, or even carry a card in your wallet with your QR code to let people send bitcoin to you. Depending on what kind of wallet you have, you can then check to see if the bitcoins have been received.
Imagine running of a something that never failed to provide you with cash-flow. A system so amazingly profitable that you never had to work for a boss ever again!
But, when you let that good old Edison light bulb flash in the head for just a moment, bingo, you will realize that we already are using a replacement for paper dough. Voila…Plastic money is already here…Eternal bliss of electronic wizardry to the bitcoin rescue of the final frontiers of human development. Wired digital magic you may choose to label it.
Governments are going to introduce regulations to regulate virtual currencies, and Tradehill is already compliant with the regulations and will be proactive. We have more lawyers than engineers right now, so we’ll be on top of that. As long as people are proactive, the government will see we’re working within their realm. A lot of people thought Paypal was going to get shut down, and it definitely didn’t happen. I think you will see companies trying to get around the regulations that will get shut down. Governments will make it more difficult to comply.
During the late 70s and early 80s the country went into debt for state funded projects, a war against the U.K. for the Falklands islands, and state takeover of private debts. Compare that to the U.S. experience.
12/22: Ryan Eriquezzo, WSOP Circuit Champion, makes an inspirational return to the show as he nears the end of his self-imposed 6 month hiatus from poker. There is much to learn from this young poker star who is quickly proving to be wise beyond his years. [Visit Website] [Download MP3].
He received 30 bitcoins, which were worth about $1,000 at the time. Today the same amount of the currency is worth $3,600. Recently Dr. Lee’s office performed the first ever Bitcoin ultrasound, and hopes to soon help conceive the world’s first Bitcoin twins.