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  • October 23, 2014
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  1. Business - Comment - MONITOR

    The fatal flaw with internet currency

    Posted Jul 17th 2013, 12:00am by Tom Holland

    ... seize their citizens' holdings, just as US president Franklin Roosevelt did in 1933. As a result, enthusiasts have identified another possible replacement for the US dollar: the Bitcoin. Invented in 2009, Bitcoins are a digital currency designed to allow users to make internet payments at minimal cost. The system is decentralised. Instead of transactions being cleared through ...

    http://www.scmp.com/business/article/1284271/fatal-flaw-internet-currency
  2. Business - Comment - MONITOR

    The indebted consumer's guide to growth in China

    Posted Apr 19th 2013, 12:00am by Tom Holland

    ... forecast for China from 8.2 per cent to 7.8 per cent. Gold isn't the only thing that has crashed recently. The price of bitcoins has also collapsed. An esoteric form of internet money, bitcoins are beloved by monetary survivalists because they exist independently of any central bank, and because their supply is limited. As quantitative easing gathered pace, their price rose. ...

    http://www.scmp.com/business/article/1217888/indebted-consumers-guide-growth-china

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