
“The cryptocurrency cannot be controlled by a small cadre of politically-motivated people, willing to bring a government to its knees over an ideological issue. And while bitcoin may still be considered a marginal, risky currency, it is getting stronger. While bitcoin is volatile, its relative indifference to the machinations of the US political system tells us something. Its fundamental differences to fiat currency, along with its gradually increasing maturity, are helping to shield it from short-term market shocks such as the one surrounding the debt crisis.”
http://www.coindesk.com/us-debt-crisis-bitcoin/
Related posts:
FEC poised to allow Bitcoin campaign donations
The EU Robs the Bank In Cyprus - Coming to the USA Too?
Clueless Grandstanding Senator Calls For US To Ban Bitcoin
Helpful Hackers vs. College Regulators
Don’t Pull in Front of a Fatherland “Security” Bureaucrat on a Highway...
Navy Uses US Citizens as Pawns in Domestic War Games
Amazon To Include P2P Payments In 'Real World' PayPal Competitor
Jeffrey Tucker: Bitcoin’s Moment
Android Security Vulnerability Threatens Existing Bitcoin Wallets
NYPD 'Hunting Of Man' T-Shirts Seen On On-Duty Officers In Queens
Google Challenges FISA Gag Orders on Free Speech Grounds
Kyle Bass: "Everyone 'Beggaring Thy Neighbor'; Will Be Consequences"
Anatomy of a hack: How crackers ransack passwords like “qeadzcwrsfxv1331”
Grand Jury Rejects Indictment of Teen Arrested for Rap Lyrics
BGPSEC: More Internet Control In The Name Of “Security”