Bitcoin Mania
Houses in Holland used to pride having a Tulip.In the 17th century the Dutch Tulip Mania was the most hyped thing that was on every mind and tongue.The prices at the peak if adjusted for today's rate would be around $1250 for a single bulb of Tulip. People all over were going crazy to sell all possessions to get their hands on a Tulip. You can read all about this in detail here Fremont Homes for sale.
The current craze for Bit coins are very much the same, explains Gary North in "I, Broken pencil".
The difference is that here with Bitcoins there is nothing tangible, at-least during the Dutch Tulip bubble, everyone who invested got a Tulip. The digital currency runs parallel to the existing Fiat money irrespective of any country .
This poses a brand new opportunity for trade and investments but also a great challenge for Governments who think it as a threat. If everyone in the world were dealing in Bitcoins, no one would eventually want the green back. Ron Paul for instance says that Bitcoins would eventually destroy the dollar for what we think it is today.
People are even lining up to buy houses with Bitcoins , as its accepted around the world.
Things are taking shape right in front of us.
What do you think Bitcoins will be used for, in the future? Healthcare?
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