Bitcoin and the Future of Digital Payments

Originally published in The Independent Review

To become widely adopted, bitcoin and other alt-coins must overcome competition from existing, government-sponsored currencies and reduce the costs for consumers to switch to new payment systems.

To become widely adopted, bitcoin and other alt-coins must overcome competition from existing, government-sponsored currencies and reduce the costs for consumers to switch to new payment systems. Until these challenges are met, digital currencies will therefore likely persist only as niche monies or substitutes for very weak currencies.

Find the article at the Independent Institute.

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