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Shares / Re: Bitcoins, bubble or good defensive purchase?
« on: April 12, 2013, 09:29:16 am »It reminds me of futuristic sci-fi movies where you need ‘credits’ for services or products, swiping a device or implant. Who knows, maybe paying by Smartphone with virtual money is our future but yes, it will be ridiculed at first.
I spend a good chunk of my time in central and eastern africa. Mobile money is far far bigger than credit cards already. In my view virtual money is definitely the way we're heading. Paypal is the halfway point, but something like a bitcoin is quite likely where we'll end up. I doubt it will be the bitcoin itself. Even though it's an increadibly beautiful algorithm, the fact that it's not based on anything of real value will be it's demise. My prediction is that governments will start "printing" their own virtual currencies in the medium term future.