Why Bitcoin Is Imperative To People In The Global Economy - CoinAxis

Why Bitcoin Is Imperative To People In The Global Economy - CoinAxis

Why bitcoin is imperative to people in the global economy.


Most of us have been strongly affected by the housing & market collapse of 2008.  If you're like me you are still feeling the effects of the dotcom crash, earlier in the decade.  We've all heard the "reasons" for the collapse, well, as best the producers of the various news shows can muster.  There is nothing more frustrating than listening to Jim Cramer pimp the worst stocks, whilst slapping a control board full of sound effects & bright colored graphics...only to realize that some people are taking his advice and losing their hard-earned money.  But, I digress.
 

The one aspect I find frustrating with financial pundits and most economists today, is: they are basing their theories and calculations on a centrally controlled system.  When the global monetary system is essentially broken, it's difficult to predict market behavior.  Although, there is a long line of economists opining the status quo.  Rarely are they correct, yet they often editorialize and/or make policy for the rest of us.  

...
1

Copyright

© Coinaxis, 2013

Recent Comments
Guest — Bitcoin enthusiast
I thought i was reading an old article. 10k bitcoins is already worth much more than 220k
Monday, 21 October 2013 20:35
Michael
Ahh nice catch. That was supposed to be $10,000 in bitcoin, not 10,000 bitcoin. Fixed!!
Monday, 21 October 2013 20:42
Continue reading
8707 Hits
2 Comments

Popular Articles

How to configure Cgminer to mine bitcoin, and litecoin. System details Motherboard: Gigabyte 990FXA-UD3 Processor: AMD FX 4100 4-Core Processor Memory/RAM: Gskill Ripj...
Rate this blog entry:
45
For those of us Windows (or Apple) users, Linux can be daunting at first.  It's the wild west of operating systems.  In many ways is far superior than it's Microsoft and Apple counterpart...
Rate this blog entry:
33
How to configure Cgminer to mine bitcoin, and litecoin. This seems to be a popular issue with mining crypto-currencies.  There are many nuances to get your mining configuration correct, an...
Rate this blog entry:
21
How to buy Litecoin I often get this question from people interested in litecoin, but don't know exactly how to buy them.  Litecoin is faster version of bitcoin that uses a more memory int...
Rate this blog entry:
22