Lior Gantz – What is Bitcoin?

from Financial Survival Network

Lior Gantz joined us in Vancouver to talk not about mining stocks, but crypto-currencies instead. There’s over 1000 of them now. Have crypto-currencies replaced precious metals? When Bitcoin was created, the intent was not to create a currency, but rather a peer-to-peer payment system that would reduce transaction costs. It has evolved into a currency/store of value and with it have have come the imitators. But gold and silver are safe. At the same time, expect these cryptos to keep growing and seeking acceptance.

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