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Great post simplifying what bitcoin is and does, Professor. Only a easy query: Say I am a automobile vendor, and think if I used to be to accept 10 bitcoins for a selected automotive, would the value of those 10 bitcoins change with the change in worth on the change? 25000 dollars right now, but when there is not any certainty as to what it's value tomorrow, why on this planet would this be a legit currency? Very informative and concise rationalization of cryptocurrencies. As far as I can tell, the primary beneficiaries of cryptocurrency transactions are those who try to keep away from the law. Maybe that's not a foul thing if you reside overseas in a tyrannical dictatorship, but here in America, why would I need to get my money intertwined in a snake pit of individuals attempting to keep away from the law (including these trying to keep away from taxes). That doesn't sound very safe in any respect. I'll stick with my US dollars, thanks. Jay, I believe he addresses that in the price volatility paragraph.

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