When Janet Yellen arrives on Capitol Hill
this week for her first Congressional testimony as chairman of the
Federal Reserve, some enterprising senator or Congressman may want
to ask her about Bitcoin. Ira Stoll says the most provocative way
to phrase it would be something like, “Chairman Yellin, what effect
would it have on the dollar and the world financial system if some
large online retailer such as Amazon or Walmart.com or even the
online Apple Store were to announce that it was going to give
customers the choice of paying in Bitcoin instead of in
dollars?”
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