Bitcoin is gaining popularity as a digital currency that can be used all around the world. It's a form of money that's totally controlled and held by computers dispersed throughout the Internet. It is being used by a growing number of people and enterprises.
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Bitcoin, like the US dollar or the Euro, is a type of payment mechanism similar to Paypal or a credit card network.You have the option of keeping it, spending it, or trading it. It's cheap and simple to move around, almost like sending an email.Bitcoin allows you to conduct transactions without disclosing your personal information. Despite this, the system runs in full view of the public.These transactions, which are logged online, can be viewed by anybody. This transparency has the potential to instil new confidence in the economy.It even led to the demise of an illicit drug ring that was detected transferring funds using bitcoin and was shut down by the US government.
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As we can see, the world has changed dramatically since then.
Let me give you a few examples:
- Central banks wield more influence than ever before - The Federal Reserve cut interest rates to nearly 0%.
- Disputes over taxes and tax reforms have worsened - Movements to unseat presidents continue, including President Hosni Mubarak's resignation in Egypt and Muammar Gaddafi's resignation in Libya.
- Cyber-spying is common, with reports that the National Security Agency (NSA) has been illegally spying on its citizens on a regular basis. - Earth shifts have accelerated, with earthquakes and tsunamis causing entire continents to move.
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What does the future hold as the Cardinal Climax draws to a close?
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