Quote from: Goozzi on May 15, 2018, 09:21:49 AM

On this issue, I really liked the quotes from the interview of American venture capital investor and founder of the firm now known as Draper Fisher Jurvetson (DJF) - Tim Draper:

«Theres a major revolution taking place that is now allowing for a better currency one that is more secure, that is decentralized, that is more effective, more useful. Its global. Its open to everyone. It banks the unbanked. It allows people to send their money to their families in the Philippines or in Mexico without any big friction. It is a far better currency than the fiat currency.»

«Right now, your banks are being attacked all the time. The hackers are poking holes in your banks and going after your fiat money and the bankers are pounding away trying to keep the hacks away but theyre getting hacked all the time. No one has ever hacked the Bitcoin blockchain. It is the most secure place to put your money. So as a store of value it is a great place to be.»

«If youre in Argentina or Venezuela or Nigeria you know that your currency is going to fall 30 percent every year, because, I mean, those countries tend to implode about every year. And people lose their fortune. Well, if part of your fortune is put into bitcoin, youre not going to lose your fortune»

«There are many many reasons [and] many many uses. [] This is going to be a major change in the future of the world. Its a major breakthrough and I cant wait for us to be sort of one world with our currencies as opposed to having it tied to some political influence or another, or some government just decides to inflate or decides that theyre just going to take a bunch of currency. This is a great opportunity for the people to run their businesses unfettered by political whims.»

Source: http://bitcoinist.com/tim-draper-bitcoin-is-the-most-secure-place-to-put-your-money/

The news itself is a good sign for the cryptocurrency industry's global acceptance. Right now even countries make their own version of cryptocurrency to compensate for the ongoing massive trend and interest towards bitcoin abd cryptocurrency. This will be a great stepping stone towards global reach of bitcoin as even South Korea, a country initially in the negative when it comes to cryptocurrency, begin embracing and now making their own virtual coin.