Thursday, February 12, 2015

5 Reasons Why I'd Still Use $5 Bitcoins (Op-Ed)

Bitcoin
By Amanda B. Johnson

Admittedly, I will lose a lot of purchasing power if the price of a bitcoin falls to US$5. Hell, I've already lost money in Bitcoin – I didn't really get interested in it until the fall of 2013. Yeah, I repeat: that fall of 2013, the famous run up to the US $1,000 bitcoin.
But even though I've lost money buying bitcoins, I feel like I've gained wealth.
How is that possible?
Well, I measure my wealth – primarily – by the quality of the hours in my day. And the simple fact is that Bitcoin has made my life simpler. Smoother. More conducive with the kind of person I want to be.
So here are the top five reasons that, even if Bitcoin plummets to US $5, I'll still happily get paid in it, save it, and spend it.

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