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Title: Jon Matonis: Bitcoin Prevents Monetary Tyranny Post by: flix on October 04, 2012, 09:47:48 PM Excellent article by Jon Matonis at Forbes touching on perhaps the most important reason why Bitcoin deserves to spread like wildfire.
Bitcoin Prevents Monetary Tyranny http://www.forbes.com/sites/jonmatonis/2012/10/04/bitcoin-prevents-monetary-tyranny/ Quote Bitcoin is not about making rapid global transactions with little or no fee. Bitcoin is about preventing monetary tyranny. That is its raison d’ętre. Monetary tyranny can take many ugly forms. It can be deliberate inflation, persecutory capital controls, prearranged defaults within the banking cartel, or even worse, blatant sovereign confiscation. Sadly, those threats are a potential in almost any jurisdiction in the world today. It talks about the attacks on e-gold, the liberty dollar... and other injustices carried out to defend state monopoly money. |