Detailed text transcripts for TV channel - MSNBC - 20131204:14:43:00
Skeptics and the proponents don't believe it. dollar held up pretty well. >> on bit coin, why do we need it? we have pay pal and different ways. i don't see how it speeds up electronic transactions. we have ways to do that and there plenty of shadowed countries around the world that you can do. why do we need bit coin? why do the thieves need it? >> looking at bit coin as a currency today, tony hit on something exactly right. there is a limited supply that means people are incentivized to hoard them and not spend them. when you get beyond the use as a currency and start thinking about it more ...
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