Saturday, April 30, 2011

Reasons to hold bitcoins

1) Cheap. There are no Transaction fees . (or very low -- you set them)
2) Safe. Decentralized, cryptographic nature is secure, trusted.
3) Growing mistrust. Increasing interest in citizens circumventing corrupt/irresponsible governance will drive demand. As of writing, most of the Google searches for bitcoin is coming from Russia
4) Rampant Inflation. According to MIT's most comprehensive ever estimate of consumer prince inflation:

Over the last 12 months, prices have gone up 3.2%,... [but] annualize the data from the last 3 months and you get 7.4%

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