“While crypto-currencies remain insulated from central bank manipulation, governments have thus far been tolerant, perhaps because their capability to track transactions is more advanced than Bitcoin believers admit. Nevertheless, the advent of crypto-currencies represents the increasing popular demand for a currency insulated from political debasement and bank profiteering. Crypto-currencies represent a legitimate attempt by private citizens to reassert their sovereignty over such government actions. I appreciate the effort, and I believe it holds much promise. But for now, I will stay with the traditional store of value, gold.”
http://www.streetinsider.com/Commodities/Bitcoin+Takes+on+Gold/9011560.html
Related posts:
How to Self-Publish a Bestseller: Publishing 3.0
Without a Shot
US Markets Are Running On Borrowed Money, Borrowed Time
Revisiting The '87 Crash
Is Nicotine Really Any Different Than Caffeine?
Bill Bonner: Is the Greatest Bull Market of All Time Now Over?
Bill Bonner: Repeat After Me - Economics Is NOT a Science
Race to the Bottom: Injuring the Real Economy with Paper "Wealth"
Bill Bonner: Are We on the Cusp of a New Bull Market in Gold?
Election won't prevent pension crash
Ron Paul on the Evolution of Freedom in the 21st Century
A Second Passport with Dominica—My Experience
India: Emerging from Poverty or Stuck in the Past?
John Hussman: How to Wind Down a $4 Trillion Balance Sheet
The Social Deterioration of Funny, Floating Money