“Bitcoin bridges two paradigms: the traditional financial paradigm, focused on clearly defined 1:1 financial transactions, and a new paradigm, in which non-financial data is layered on top of financial transactions. Bitcoin transactions include shared social values layered on top of the financial transaction mechanism. The social values encoded in the DNA of Bitcoin are DIY, peer-to-peer, distrust in government and central banking systems, technology elitism, and anonymity. Buying something with Bitcoin can be construed as an act of financial activism —not just a purchase.”
https://medium.com/i-m-h-o/54c0070a03c2
Related posts:
Have We Reached Peak Government?
Jim Bovard: How 'Food for Peace' Hurts Foreign Farmers
Love It or Hate It, You’re Missing What Really Matters About Bitcoin
Wendy McElroy: Don't Like My Article? I Will Sue!
Judge Napolitano: Spying and Lying
Who Owns Congress? The NSA or the FED?
Peter Schiff: The Biggest Loser Wins
Paul Craig Roberts: Why War Is Inevitable
It's Not "If;" It's "When"
Bill Bonner: How to Survive the Coming Zombie Apocalypse, Part 1
The wealth transfer effect of bitcoins
A Measure of Our Impoverishment (Which They Hope You Haven’t Noticed)
Iraq +15: Accumulated Evil of the Whole
How I Got Boned by Taxes Two Years in a Row
Obama reveals himself as a champion of the surveillance state