The new age currency – which is traded and held within what are known as “digital wallets” – offers zero transaction fees, and is an alternative to the standard charges imposed by credit card companies upon merchants.
“The government can’t control it, can’t play with your accounts as they can with traditional money… and the government can’t inflate it,” said Mark Lovett, of Mark Lovett Web Design in Gaithersburg.
“I’m making it sound like something for illegal business… but there’s no middle man, no 3 percent [transaction fee]… that’s the only reason I’m a huge fan,” he continued.
On the Eastern Shore, Salisbury-based photographer Tony Weeg said he began accepting bitcoin “just to do it.”
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2 comments:
Wow , never heard of this , what a way to defeat the out of control government.
Watch out. You need the internet to be in operation to trade and cash out with this. Who controls that today... tomorrow?
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