
“In his speech, he compared Bitcoin to the printing press, arguing that just as governments and the Church opposed the democratizing effects of the first widely available books, financial and banking incumbents see the potential for Bitcoin to disassemble their control of the economy. ‘This is something completely new in the history of human communication and Bitcoin is one of the largest socio-economic experiments human kind has ever seen,’ Shrem said. Shrem’s rhetoric represents a marked change from his earlier approach to Bitcoin’s relationship with the government. He had been a vocal member of the Bitcoin Foundation, which took a lobbying approach.”
Related posts:
Should Puerto Rico Shut Down Schools to Pay Its Debts?
Russian Authorities Raid German Foundations and NGOs
U.S. Funds Score Big by Betting Against Yen
Bank of Japan "Very Interested" in Bitcoin: Kuroda
Traders Getting Replaced By Machines
U.S. tech sector feels pain from NSA PRISM revelations
Brazil May Require Google, Facebook to Store Data Locally
Texas Proposal Would Make Local Police Enforcement Of Federal Gun Laws A Crime
Homeland Security prompted panic withdrawals that sank Mt. Gox
Obama launches $100 million brain-mapping project
Homeland Security Secretary Janet Napolitano warns of ‘major cyber event’
Fed looks at imposing exit fees on bond funds
More than 1,000 Iraqis killed in July, highest monthly toll since 2008
Feeding Stray Cats In Philly Town Could Leave You Responsible For Their Health
US ramps up Iraq air strikes in support of Kurdish attack on key dam