The Rise and Rise of Lipservice: Viral Western Union Ad Debunked

By November 29, 2014Bitcoin Politics

Western Union [Note: Tim Swanson is the author of Great Chain of Numbers and The Anatomy of a Money-like Informational Commodity .]

Last week the /r/Bitcoin community thought they came up with a clever ad (see image) that revealed the “true” costs of remittances. But this is an apple’s to orange’s comparison. Because it lacks a “ circular flow of income ” in developing countries, Bitcoin, the network, in this instance is just a […]

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