gary_rowe

 
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  • in reply to: How Will We Handle Our Losses? #4930
    gary_rowe
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    When supply chains are disrupted due to financial problems, merchants will work to get them working smoothly once more. It is clearly within their interests to do so as soon as possible.

    If the existing system of international payment guarantee and fulfilment (letters of credit and wire transfer) is not operational due to problems with those running those systems, then another system will be used.

    There are many alternatives ranging from a simple “trust me, I’ll pay you” right through to “let’s use Bitcoin from now on”. The speed of adoption of alternatives depends largely on how long the impact on the existing system is likely to last.

    Anyone who feels that they are likely to be affected by the issues raised in the article should read up on Bitcoin at their first opportunity. See https://bitcoin.org for more details. Also, read up on the myths section to dispel the usual FUD that surrounds this kind of thing: https://en.bitcoin.it/wiki/Myths

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