“It is not Bitcoin, or Liberty Reserve, or any other private organization that is abusing and trashing the dollar.  It is the United States Federal Reserve.  Since the Fed was established in 1913, the dollar has lost 95% of its value.  That is due to the depreciation of the currency resulting from the Fed’s monetary policies.  The dollar prevails as the world’s reserve currency because it has only been in competition with other fiat currencies that have been equally mismanaged or worse.  The regulatory and prosecutorial hostility of the U.S. government towards private alternative currencies tells us that the U.S. government itself sees a vulnerability of the dollar to these currencies.”

http://www.forbes.com/sites/peterferrara/2013/08/25/the-federal-governments-reaction-to-bitcoin-is-an-acknowledgement-of-the-dollars-vulnerability/print/

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