By The Watcher – Posted on April 5, 2013Posted in: Cashless society, Economic crisis
- The Watchers
just a few short years, Bitcoin is a currency to be reckoned with.
Already its value has topped $1 billion with greater gains predicted for
the future. As a revolutionary and independent virtual currency, many
are flocking to bitcoin in an attempt to avoid seizure of bank funds and
plummeting economies tied to central banks. What’s more, a wide range
of opportunities to use Bitcoin are becoming more commonplace as this
innovative and safe currency grows in popularity.
Cutting edge currency circumvents central banking system
For those unfamiliar with the currency and the advantages it holds, RT: Question More provides a succinct overview:
“Bitcoin is an experimental, decentralized digital currency first
introduced in 2009, which allows instant payments to anyone, anywhere in
the world. Bitcoins do not physically exist and are not issued by a
The news agency also reports that, “Already bigger than many
sovereign currencies, Bitcoin has broken the $1 billion in value mark
this week [March 31, 2013]. In the wake of continuing economic crises
and liquidity shortages, this new virtual currency is poised to
challenge the euro and US dollar.”
Mike Adams, editor of Natural News, observes that Bitcoin is
“revolutionary” in that “all transactions are (virtually) free, and
Bitcoin money can be freely sent or received globally, from any country,
with no regulations or restrictions.”
Anonymity is maintained through Bitcoin e-wallets which incorporate unique ID numbers for each client.
For those who aren’t willing to wait around for an economic collapse
or to have their bank accounts looted, Bitcoin is an attractive option.
Scores of people are developing creative ways to acquire and use the currency.
Canadian Taylor More is just one example. His two-bedroom bungalow in
Alberta is listed for sale in exchange for Bitcoins — 5,362 to be exact.
Likewise, the NaturalNews Store has announced the acceptance of
Bitcoin for everything it offers including superfoods, nutritional
supplements, heirloom organic garden seeds, salt lamps and much more.
Additionally, online businesses often welcome the virtual currency for
their wares or services. Clothing, domain hosting, electronics, sporting
goods, home accessories along with hotel rooms and taxis are some of
the options available for Bitcoin use.
More believes Bitcoin is the best defense against failing economic
structures. “Because it has no central authority no one can freeze
accounts. So people are seeing the beauty of it, especially considering
what is going on in Cyprus with everyone’s bank accounts being frozen. This is a way to keep your savings safe,” he reasons in the article, Canadian house first on sale for Bitcoin currency.
In view of Bitcoin’s phenomenal success over
such a brief period of time, many are convinced that new markets to use
the currency will continue to rapidly develop. Rick Falkvinge, founder
of the Swedish Pirate Party, “estimated that Bitcoin could capture
between 1 and 10 percent of the global foreign exchange market, ” as
stated in Challenging the dollar: Bitcoin total tops $1 billion.
“This implies that the price of each and every Bitcoin would rise to
between $100,000 and $1 million,” according to Max Keiser, host of RT
news Keiser Report.
Sources for this article include:
About the author:
Carolanne enthusiastically believes if we want to see change in the
world, we need to be the change. As a nutritionist, natural foods chef
and wellness coach, Carolanne has encouraged others to embrace a healthy
lifestyle of organic living, gratefulness and joyful orientation for
over 13 years. Through her website www.Thrive-Living.net she looks forward to connecting with other like-minded people who share a similar vision.
By Carolanne Wright
Featured image by: keep_bitcoin_real
Thanks to: http://thewatchers.adorraeli.com