How Future Bitcoin Can Prevent a Future Greece?


Bitcoin, the volatile digital currency, cannot help the Greeks of today. But it could mean a great deal to those caught up in currency crises to come.

For the average Greek, getting one’s hands on bitcoin requires buying it with euros—the last thing any sane Greek would give up. That’s why the bitcoin of today has no bearing on what could easily become a humanitarian crisis.

But Bitcoin is at an inflection point, and it’s evolving much more quickly than all but its most dedicated observers realize. Whatever happens to bitcoin itself, the technology underlying it opens up previously unimagined possibilities for the future of just about anything humans exchange.

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http://www.wsj.com/articles/how-future-bitcoin-can-prevent-a-future-greece-1436744064