Bitcoin
A Leader in today’s Times has alerted me to Bitcoin. this is a sort of mission statement from their web site.
Bitcoin uses peer to peer technology to operate with no central authority; managing transactions and issuing Bitcoins are carried out collectively by the network. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment systems.
As a software man, I think it could be a good idea.
But according to The Times, it has been a preferred method of payment for drug-related transactions.
They also think is could be another bubble, as does the Telegraph.
But the thought of a peer-to-peer transaction network, unencumbered by credit cards and bank charges has a certain appeal.
I shall be watching, but I don’t think I’ll be using it yet!
In the meantime, ideas like this, are just another reason to get rid of your bank shares.
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The Anonymous Widower 
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