Australian Newsagency Blog

A blog on issues affecting Australia's newsagents, media and small business generally.

On Bitcoin

Mark Fletcher
September 4th, 2014 · 5 Comments

The Conversation published a discussion about Bitcoin from Professor Yermack from┬áStern School of Business at New York University. While Bitcoin is not on the radar of most newsagents, it has been raised here a few times in comments. Here’s the video – well worth a look:

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Category: Newsagency management

5 responses so far ↓

  • 1 Michael // Sep 4, 2014 at 8:07 AM

    Bitcoin is certainly starting to gain traction. I still don’t see it being “Easy” enough for the common consumer to use. Afterall we were just introduced to paywave to make things even simpler for customers.

    I do think it would be awesome if tower were to accept it as a payment for support :P id pay it that way.

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  • 2 Mark Fletcher // Sep 4, 2014 at 8:10 AM

    I don;t trust it Michael. It’s unstable.

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  • 3 Michael // Sep 4, 2014 at 8:17 AM

    It is subject to extremes in the sense of swings on exchanges. I think this is to be expected of a new currency. Bitcoin is still trying to find its “Accepted level” and seems to have settled around the $500.00 marker as of late.

    I think a couple more years with more development,more adoption and easier payment methods it will revolutionize banking systems.

    Theres no doubts the people who back bitcoin very heavily are extremely invested into its progress. a good website for keeping up with all things coin (If you dont mind me linking)
    http://www.reddit.com/r/Bitcoin/

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  • 4 Mark Fletcher // Sep 4, 2014 at 8:23 AM

    I think it is too early to consider it a currency.

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  • 5 Tyrone // Sep 5, 2014 at 4:10 PM

    To me bitcoin represents the future of money. As we move to an increasingly more electronic world it makes sense to have a completely digital currency. I do agree that it is much harder to trade with at the moment then most other methods of payment but their is no reason that this can not be changed. PayPal was once only for buying online and now I see that it is being accepted as an in person payment method in the new release of Retailer. What really appeals to me about Bitcoin is its transparency and its high level of security.
    Just my opinion.

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