Nice publish simplifying what bitcoin is and does, Professor. Just a easy question: Say I am a car dealer, and think if I used to be to accept 10 bitcoins for a selected car, would the value of those 10 bitcoins change with the change in price on the trade? 25000 dollars right this moment, but if there is no certainty as to what it is price tomorrow, why on the planet would this be a respectable currency? Very informative and concise clarification of cryptocurrencies. As far as I can tell, the principle beneficiaries of cryptocurrency transactions are those who are trying to keep away from the law. Maybe that isn't a bad thing if you live overseas in a tyrannical dictatorship, but right here in America, why would I wish to get my money intertwined in a snake pit of people attempting to keep away from the regulation (including these attempting to keep away from taxes). That does not sound very safe in any respect. I am going to follow my US dollars, thanks. Jay, I consider he addresses that in the price volatility paragraph.