Quote from: Swordsoffreedom on March 30, 2014, 04:12:39 AM

Quote from: JPage on March 30, 2014, 04:10:59 AM

Quote from: RawDog on March 29, 2014, 04:47:52 PM

That bitcoin is rather more like 'The Internet of Money'.
http://www.bloomberg.com/news/2014-03-28/bitcoin-2-0-shows-technology-evolving-beyond-use-as-money.html [/url]

TCP-IP for financial transactions - I love it. But the protocol is presently very weak and disorganized with a bunch of loonies running the foundation. I don't think the foundation in the present state is strong enough to protect and advance a protocol for something so important as money. I think the foundation - rather than a technical defect will be the ultimate demise of bitcoin. Now let's try to imagine what the second embodiment of 'the foundation' could be? UN, US government?, Private company?, a new replacement foundation of better quality? Whatever it is, it will be forming itself pretty soon.

I agree with the article and the points above Bitcoin is definitely like the internet in many regards and the same with money

I agree with you

lppeu

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