Bitcoin's a Revolution, Not a Convenience
Not carrying cash is a perk of Bitcoin, not its purpose.
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Henry Blodget has a post today in Business Insider applauding the rise of digital payment methods as alternatives to dirty, smelly, heavy cash. He has a point: Cash can be a lousy way to pay for things, and options such as credit and debit cards, PayPal and the digital currency Bitcoin can be a lot more convenient.
A conversation about Bitcoin as a viable currency alternative inevitably also becomes a conversation about digital online payment systems, which have been getting extra scrutiny from federal regulator recently as fears of money laundering of digital accounts escalate.