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Great put up simplifying what bitcoin is and does, Professor. Only a easy question: Say I am a automotive seller, and suppose if I was to simply accept 10 bitcoins for a selected automobile, would the value of those 10 bitcoins change with the change in worth on the exchange? 25000 dollars in the present day, but when there isn't any certainty as to what it's price tomorrow, What is the value of an indentured servants contract? why on this planet would this be a authentic currency? Very informative and concise explanation of cryptocurrencies. So far as I can inform, the primary beneficiaries of cryptocurrency transactions are those that are trying to keep away from the regulation. Perhaps that is not a foul thing if you reside overseas in a tyrannical dictatorship, but right here in America, why would I wish to get my cash intertwined in a snake pit of people attempting to avoid the legislation (together with those making an attempt to keep away from taxes). That doesn't sound very safe at all. I will keep on with my US dollars, thanks. Jay, I consider he addresses that in the price volatility paragraph.