“I have no interest in SxSW but one moment caught my attention. This from my long distance early adopter buddy Julio Fernandez, aka Social Julio, now aka Bitcoin Bozo Julio methinks.
The image tells it all. There was a Bitcoin ATM at SxSW and Julio, being the shrewd investor he is, rocks up with $674.90 for…a piece of paper with a QR code on it.
Apparently, he can now use said piece of paper to create a Bitcoin wallet which he can spend at places like…Overstock.com.
Call me a curmudgeonly old fart (and many do) but I really, really struggle with the concept of Bitcoins as a viable alternative to traditional currencies. The market is rigged in favor of those with incredibly powerful machines and minds to match, it has proven to be woefully insecure and is one of the most volatile markets I’ve ever seen.’
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