Guys, I have to do a paper on the title- Is bitcoin a viable alternative to money as we know it....and if not, could it be one in the future.
Basically, I need to know what bitcoin is, how it works, how it is similar/different to normal money, how it affects the economy of a country and what are its future prospects.
Any help will be greatly appreciated...I dont mind if you send me a link where I can read up on the topic.
Thanks for the help.
Yes of course it is. It's already a great way to pass value over the internet quickly and cheap. Although it's not "mainstream" by any stretch of the imagination, many people already use it as a form of money successfully. The value is there, it just needs more education and visibility. Check here for some more resources to help you to get going on your research:
http://bitcoins.vision