Why Bitcoin...Will Inevitably Become Tools Of The Rich, Powerful, and Criminal

[JohnQPublic]

Why Bitcoin (And Other Cryptocurrencies) Will Inevitably Become Tools Of The Rich, Powerful, and Criminal

Read more: http://www.businessinsider.com/why-bitcoin-and-other-cryptocurrencies-will-inevitably-become-tools-of-the-rich-powerful-and-criminal-2013-12#ixzz2mTAl7ahW

[EE_]

Why Bitcoin (And Other Cryptocurrencies) Will Inevitably Become Tools Of The Rich, Powerful, and Criminal

Read more: http://www.businessinsider.com/why-bitcoin-and-other-cryptocurrencies-will-inevitably-become-tools-of-the-rich-powerful-and-criminal-2013-12#ixzz2mTAl7ahW


The title should be "Why Bitcoin...Will Inevitably Become Tools Of The Rich, Powerful Criminals"

[JohnQPublic]

The title should be "Why Bitcoin...Will Inevitably Become Tools Of The Rich, Powerful Criminals"

Or maybe Why [insert item of value here] Will Inevitably Become Tools Of The Rich, Powerful, and Criminal

item = food, money, gold, water, weapons, toilet paper, etc.

[Horn]

Or maybe Why [insert item of value here] Will Inevitably Become Tools Of The Rich, Powerful, and Criminal

item = food, money, gold, water, weapons, toilet paper, etc.

Aha! again Silver does not make the top 5 list...

[madfranks]

Honestly, if that happens, the anarcho capitalists who started it will simply start another one that they can use free from impediment from the "rich, powerful and criminal".

[optionT]

Honestly, if that happens, the anarcho capitalists who started it will simply start another one that they can use free from impediment from the "rich, powerful and criminal".




Yep, thats the beauty of cryptocurrencies!

[PatColo]

I've posted elsewhere already, but really good description of how bc works, and a pitch for using it, by clif high on red ice radio here:

Clif High - Hour 1 - Bandwidth Caps, Bitcoin, ISON & Nummo Origins (http://www.redicecreations.com/radio/2013/11/RIR-131125.php)

full description inside ^. Advance to about 30 mins to hear the bc discussion. Despite the chatter around GSUS about bc over the past ~year; I've never really checked it out. This podcast was a great intro. It reminds me of the part 2 or 3? of "Money As Debt", where this sort of currency model was advocated.

I don't have time to watch both M.A.D. 2 & 3 again; here they are, check them out if you never watched-- I recall it was the latter half of the video where the bc-like currency model was advocated:

MONEY AS DEBT 2, THE TRUTH ABOUT MONEY (http://www.youtube.com/watch?v=l_IgcmsqnVM)
MONEY AS DEBT 3, THE TRUTH ABOUT MONEY (http://www.youtube.com/watch?v=rxZhtGeRa-M)

[Shami-Amourae]

Honestly, if that happens, the anarcho capitalists who started it will simply start another one that they can use free from impediment from the "rich, powerful and criminal".

I'm a crypto-anarchist (with a Nationalist flare.)
:)

Almost the same thing as anarcho-capitalism, but you create "Law and Order" through cryptography.

[Horn]

I'm with rawdog, if it comes to trading E-flakes I'll just optout and trade mercury dimes, chickens and mangos.

Too much maintenance over a nothingness barter chip.

[mick silver]

i already trade with a paper and everyone i hand it to take it . and they dont know me nor were i live

[Golden]

Is it possible cryptocurrency users are unwittingly being crowd funded?

http://arxiv.org/abs/1302.6245

Idk, but if I wanted to pass the buck and kick the can....

[Ares]

Why Bitcoin (And Other Cryptocurrencies) Will Inevitably Become Tools Of The Rich, Powerful, and Criminal

Read more: http://www.businessinsider.com/why-bitcoin-and-other-cryptocurrencies-will-inevitably-become-tools-of-the-rich-powerful-and-criminal-2013-12#ixzz2mTAl7ahW


If you read the comments under that article the author has been taken to the woodshed, beaten bloody and is probably about to be hanged.