*****Bitcoins: currency coins or fake money?******
Poor Bitcoin. It is like Rodney Dangerfield: it can’t get any respect. Not from the people whom could just take it to the level that is next. And the very reason some touted it as the easiest way to go currency around online may be the precise explanation it will never ever attain main-stream acceptance. At least, based on nTrust founder and CEO Robert MacGregor, who’s additionally a technology and alternative payments lawyer. The online vault systems founder (nTrust is not available in the U.S.) has some strong opinions on Bitcoins and why they stay lukewarm in reception overall to the Internet monetary change universe.
Still Struggling for Mainstream Acceptance
MacGregor recently coined an op-ed piece on Bitcoins, and shared his thoughts on why they will probably never be accepted by the main-stream banking worldwide entities as a real currency. MacGregor says the problem is not whether Bitcoins have enjoyed some acceptance, but if they will ever get acceptance that is enough matter, and their answer is: not so much. And he’s not the one that is only believes so, either.
The nTrust CEO ascertains that, by the concept of money as one thing you can use to buy things, Bitcoins have failed miserably. And to measure that, MacGregor claims, all you want to do is consider the number that is relatively tiny of whom accept Bitcoin, and, more importantly, the v Continue reading