26 Nov '13, 2pm

If A New gTLD Applicant Used His $185K To Buy Bitcoins Instead His Investment Would be Worth $30 Million

Bitcoin is a commodity, a currency, and a payment system all in one. This was actually discussed last week at the Congressional hearings. You can use it as a payment system and simply convert at the time of the transfer. It is expected that the “unbanked” will be the first mass adopters of Bitcoin. Even the poorest countries now have cell phones even if they don’t have access to banking systems. You can send small amounts easily. Also, you can send $1 Million to someone in China at 3 AM for a transaction fee of about 5 cents. Web sites can set up paywalls and charge a few cents, do an online event and charge, 50 cents, etc. The Paypal fees would exceed the transaction amount if you used them. There are already large numbers of competing coin systems and new ones start every day. Bitcoin is open source software and is not controlled by anyone. You can take the software and ...

Full article: http://www.thedomains.com/2013/11/26/if-a-new-gtld-applic...

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If A New gTLD Applicant Used His $185K To Buy B...

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