Bitcoin - very much in the news again is also known as crypto currency - is very popular with smugglers and others interested in committing fraud. It has no regulation - fluctuates wildly - and Goldman Sachs won't touch it. But it does away with paper currency. Michael Bloomberg, being interviewed, mentioned that China is trying to do away with cash. The beggars on the street don't accept cash. They show donors a sign with their code number and well wishers flash their iphone to donate their offering. All nice and clean. One hundred years ago, John D. Rockefeller, he of Standard Oil fame, used to hand out dimes. If he visited Shanghai today he would be laughed out of town. During our Great Depression the cry often heard was "Brother, can you spare a dime?" Another time, another place.
tjs
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