Episode 116: I've Heard of The Seven Seas, The Organic Ocean is a new one for me!

GeekOfTheWeek

English - March 25, 2022 00:00 - 19 minutes - 26.9 MB
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Previous Episode: Episode 115: “How to increase your metabolism” 03 - 11 - (20-22) Another headline which won’t deliver!

Next Episode: Episode 117: More Conventional Wisdom Bites The Dust March came in like a lamb & is leaving as a Lion It ain't right

Join me on Monday 03 - 28 (20-22) for my nomination of the ten most valuable iPhone Apps on The Wizard of iPhone Speaks, find us in Apple Podcast or "Google" podcast name WizardOfiPhoneSpeaks (all one word).
What Doe’s BitCoin Lack?
Answer those memorable words of US notes:
“Legal Tender — For all debts public & private…”
While enjoyed the recent piece on BitCoin from Commerce Bank, which I read on my smartphone, it does reinforce some misconceptions about Crypto Currencies.
Such as being accepted by some merchants BurgerKing for example. With one BitCoin trading at $39,000 making change would be kind of difficult, even if you take "fries with that?”
If I visit a merchant and offer him US dollars, he’s bound to accept it, assuming it’s not a counterfeit note.
The main cause of BitCoin’s rise is twofold, first, it confirms Gresham’s Law & second, BitCoin was the birth of BlockChain technology. It gained its ascendancy by use on sites like “SilkRoad”, being untraceable for illegal transactions.
With the fluctuations of the “market” accepting BitCoin for any transaction is chancy at best.

Gresham's Law states "Bad money drives out good!" Economics 101