To: Errant
Very good points and the links are quite helpful.
Events like the HSBC surprise limits on withdrawals, which can cause deals to fail to close and big, big lawsuits, are going to help bitcoin over the initial resistance.
You put your money in their bank, then it becomes their money that they owe you if you can catch them.
If a US bank starts confiscating deposits, the investment/savings function of bitcoin will skyrocket.
How does the ‘fractions of a bitcoin’ system work??
TWB
20 posted on
01/25/2014 10:30:02 AM PST by
TWhiteBear
(Sarah Palin, the Flame of the North)
To: TWhiteBear
Very good points yourself and thanks for the nice compliment.
How does the fractions of a bitcoin system work??
It's really a none issue and seamless. While the dollar is able to be divided into hundreds, Bitcoin is divided by 100 millionths. You simply enter the amount to the appropriate decimal digit (up to eight). Other than extra decimal places if needed, you won't notice it. I would suspect most items will be priced in fractions of Bitcoin, perhaps even automobiles one day... ;)
22 posted on
01/25/2014 11:00:22 AM PST by
Errant
(Surround yourself with intelligent and industrious people who help and support each other.)
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