Adcock board has totally missed. Sure, it has many reasons why the deal is not real or good but ultimately it is up to the shareholders, who actually own the company, to decide. Adcock’s attempts to prevent Bidvest engaging shareholders smacks of fear. It should rather have stated its objections and let the shareholders decide. circulation of some 21m units and the idea is that it could become the world’s new currency.
However the problem is simple: it’s far too volatile to be a currency and while the idea is interesting and the concept of Bitcoin creation unique, the currency has no real long-term future unless it can reduce volatility to pretty much nothing.