Ron Paul: Bitcoin could 'destroy the dollar'
 

Full story http://money.cnn.com/2013/12/04/tech...ian/index.html

"Imagine a world in which you can buy anything in secret. No banks. No fees. No worries inflation will make today's money worth less tomorrow.

The digital currency Bitcoin promises all these things. And while it's far from achieving any of them -- its value is unstable and it's rarely used -- some have high hopes.

"There will be alternatives to the dollar, and this might be one of them," said former U.S. congressman Ron Paul. If people start using bitcoins en masse, "it'll go down in history as the destroyer of the dollar," Paul added.

It's unlikely that Bitcoin would replace the dollar or other government-controlled currencies. But it could serve as a kind of universal alternative currency that is accepted everywhere around the globe. Concerned about the dollar's inflation? Just move your cash to bitcoins and use them to pay your bills instead. Tired of hefty credit card fees? Bitcoin allows transactions that bypass banks. "

Story continued http://money.cnn.com/2013/12/04/tech...ian/index.html

lol, that senile old man is at it again.

Curious to see how this all plays out. I still think they will put the squeeze on the exchangers and the banks they use if it picks up too much mainstream steam. Then again, the Chinese are not allowed to cash out into currency and only use it for digital purchases, and it's booming there, so who knows?

it would be good for the world for step away from the dollar...the USA is only 5% of the worlds population but exports its inflation by printing dollars and basically manipulating other countries in to debt and enforcing its politics by war...

bitcoin will not be the new currency but the whole world is growing tired of the US gov-s honest business practices...

You slurped Obama's cock or Romney's cock?

Yeah right, if USA dont like it, they will shut it down

America & China have classified Bitcoin completely differently!

The Chinese have classified Bitcoin as a commodity and they've stated it can't be used as a currency and The Americans have classified Bitcoin as a currency :upsidedow

In the west Bitcoin may gain more traction as a currency through transactions with sites like Bitpay while in the east it'll be traded as a commodity.

Imagine 6 months ago telling people Bitcoin would reach over $1000 each by the end of 2013, anyone care to make a prediction for the price at the end of 2014?

Don't make stupid people famous (or infamous for that matter) OP.

Wait is he for it or against it? Seems like he should be supporting it if he really believes his libertarian non sense.. He should want to support free market.

Radio TV
 

Just like TV 'destroyed' Radio

or

Just like the Euro 'destroyed' other currencies...NOT

I hope it does, inflation is such a scam

Dollar, what was dollar anyway?