“On one side of the Bitcoin argument, this internet-based currency has some fervent backers – many of them tech-savvy youngsters. On the other side stand almost all reputable economists, together with a fierce range of vested interests – including the banks, credit card companies and other conventional players in the extremely lucrative money-transferring business. To them, Bitcoin is a cross between a dangerous irritant and a bad joke. To mention it in conversation is tasteless. To take it seriously is deeply suspect. Yet several events happened last week that made me suspect that Bitcoin – and the idea of ‘stateless’ currencies more generally – will soon catch the zeitgeist.”
Related posts:
Syrian rebels’ pledge of allegiance to al Qaeda complicates Western intervention strategies
Russia unveils $25 billion oil pipeline to the Pacific
MI6 and CIA were told before invasion that Iraq had no active WMD, claims new documentary
Inside the World’s Most Elite (and Secret) Traders’ Club
Campus 'smoke-free' edicts extend to smokeless products and e-cigarettes
Vancouver to see first Bitcoin ATMs installed
French capital flight spikes as Hollande hits business
Texas Tells Company to Stop Investments Using Bitcoin
Florida Gators LB Antonio Morrison arrested for barking at police dog
First Chinese military officials charged with stealing US companies' data
Warren Buffett's bubble cash-out strategy revealed in 38-year-old letter
Wheels coming off Obamacare
Scientists propose developing more potent mutant bird flu for research
U.S. fines Transocean $1.4 billion over Gulf oil spill disaster
NSA monitored millions of French phone calls, Mexican President's email