“On the Bitcoin network, you can programmatically check your balance, or the balance of any Bitcoin wallet. You can create and consume transactions on a level playing field. You can operate a bank, a stock exchange, a wire transfer service or an escrow service without anyone’s permission or accreditation. The Internet made every blogger able to reach an audience as big as that of the New York Times. Bitcoin makes every node, even that running on your cellphone, equal in capability to Wells Fargo or Bank of America.”
http://radar.oreilly.com/2013/05/bitcoin-is-a-money-platform-with-many-apis.html
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
“Affordable Housing” Rules Result in Opposite
"Ferguson Effect": Increased Police Lethality, More Prosecutorial Deference
Cellphone unlocking is the first step toward post-SOPA copyright reform
John Hussman: Brexit and the Bubble in Search of A Pin
Foreign asset reporting before FBAR and FATCA: “loyalty questionnaires” for World War II Japanese Am...
Doug Casey: All Banks Are Bankrupt
How The USA Captures Whistleblowers And Other Political Enemies
The Ultimate Privacy Protection: Foreign Real Estate
The End of Private Property in the Era of the American Police State
On The Road Again: Customize Your Life with Location Independence
What if everything you know is wrong?
SWAT overkill: Our military weaponry is now aimed at us
Should States Be Held Liable for Executing an Innocent Individual?
Doug Casey on Opting-Out
My life as a tyrant