“Imagine a world where Bitcoin is commonplace and (even if regulated) exchanges and wallets are second nature and so is paying for pizza or ordering a book online. In that world, WikiLeaks would not have even considered using PayPal, and a large network of people familiar and comfortable with cryptocurrency could not be prevented from making contributions. And again, none of this would prevent those who want to rely on ‘exit’ from doing so. In fact, a bigger and stronger network benefits those who choose to use something like Dark Wallet, even if that bigger network is built out by entrepreneurs complying with regulation, and even if it is populated mostly by mainstream users.”
Related posts:
Bill Bonner: An Important Lesson from Tony Soprano
Homes for the Price of a Car
Language—even profanity—evolves faster than it can be regulated
Jobless Jokes
John Yoo’s Anti-Constitution Beliefs
Global Debt Bomb Continues Ticking Into 2017
Bill Bonner: The Japanese Will Learn to Tango
Detlev Schlichter: It’s a mad mad mad mad world
A Weapon Guide for the Uninformed
Peter Schiff: 'Operation Screw: The Fed goes all-in on QE'
Glenn Greenwald: Iran sanctions now causing food insecurity, mass suffering
Obama’s NSA review panel: An arm of the national security apparatus
Judge Napolitano: FBI Fake Terror Plot History
The USDA Is Pushing Food Stamps Like a Drug Dealer at a Grade School
Jamie Dimon Knows What You Don't Need to Know About U.S. Default