Why the P2P Foundation is Paying Its Salaries in Bitcoin (P2P Foundation)
Social Trend – The Bitcoin protocol started running, and generating Bitcoins, in January 4 2009. It has been over three years now, and yet these are still the very early days. Bitcoin already has developed and impressive, if experimental, ecology of operational support infrastructures and services. These initiatives are autonomous, driven by no authority other than that which emanates from the needs of the community of users and the nature of the Bitcoin protocol. At this point, it is already working as a small-scale global reserve currency, arguably a better storage of value than the dangerously burdened Euros and Dollars. Indeed while the value of national currencies is expected to decline in times of geopolitical dislocation, including catastrophically at times, the value of Bitcoin is expected to rise because of its inherent ‘deflationary’ design. … Read more






