“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
(Visited 29 times, 1 visits today)
Related posts:
Michael Scheuer: On Syria, Our interventionists ensure America’s luck is running out
David Galland: Wars and Rumors of Wars
Did the Election Save ObamaCare?
Obama, Former Civil Rights Attorney, Shreds Constitution
Taxation of Americans Abroad versus the 14th Amendment
By the Numbers: Does Immigration Cause Crime?
Learn Bobby Tay’s $2.7 Trillion Sigma Secret
All the Value of Gold in the Palm of Your Hand
Detlev Schlichter: Is present monetary policy rational?
Are Police in America Now a Military, Occupying Force?
Gangs Remain Key Unaddressed Problem in Gun Debate
Bill Bonner: Give Thanks to ‘The 1%’
A Government Answerable to No One
David Galland: The Age of Entitlement
Snowden vs. the Soyuz