Bitcoin Market Cap: Cash Currency That Crosses Borders
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Bitcoin Market Cap
Bitcoins, then, are like cash — but they take the idea a step further than has ever been possible. If you give me a $100 bill, the transaction is anonymous and untraceable, but we both need to be in the same place at the same time. And it helps if we both live in a country where the US dollar is an accepted unit of currency.
With bitcoins, transfers can take place across continents and timezones with no problems, no timelags, and only minuscule transaction fees. No banks are involved; no central bank controls the money supply; no taxes ever need to be paid. Once you’ve obtained a stash of bitcoins, they’re yours to do with as you like.
Read more… medium.com.
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[...] Bitcoin Market Cap: Cash Currency That Crosses Borders [...]