“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:
The State of Cryptocurrency Mining
The Future of the Web Looks a Lot Like Bitcoin
Mises' Answer to Would-Be Conspirators: You Will Lose
Jeffrey Tucker: Fun and Fascinating Bitcoin
Bill Bonner: College is a con
Austrian Detroit?
'Why I gave up my US passport'
Anthony Gregory: The Standing Army Marches On
Anthony Gregory: The Habeas Corpus Myth
The Recession That Never Ended: 2008-2013 (and Counting)
The Emergency Destruction of American Liberty
Liberty: A Muslim-American Perspective
How the Thought Police Use Your Cell Phone to Track Your Every Move
Jacob Hornberger: Dismantle the International Checkpoints
Is Bitcoin a Viable Currency?