Submitted by Michael Krieger of Liberty Blitzkrieg blog,
The following graphic was put together by the folks at Promontory Financial and is extremely telling. It looks at three ways in which a U.S. citizen might choose to go about sending a $1,000 downpayment to Europe for the purpose of renting a vacation home. They put Bitcoin side by with with a traditional bank wire as well as a credit card transaction. The results might surprise you…
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/dyWP5uxSKPk/story01.htm Tyler Durden