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Bitcoin => Bitcoin Discussion => Topic started by: AMVM on May 14, 2014, 05:18:56 PM



Title: Keiser Report Quote
Post by: AMVM on May 14, 2014, 05:18:56 PM
I just thought this quote worth mentioning:

Quote
US Dollar

- US government has 100% monopoly on mining
- Mining algorithm: 8 white guys
- Block reward: exponentially increasing ad infinitum
- Double spending: Institutionalized by the banks
- security: proof of violence
- transaction confirmation: slower than snail mail

From: http://youtu.be/MoUj8Q-BgjA?t=3m52s

Cheers,
AMVM


Title: Re: Keiser Report Quote
Post by: LiteCoinGuy on May 14, 2014, 05:45:35 PM
funny indeed (and true)  ;)


Title: Re: Keiser Report Quote
Post by: bluemeanie1 on May 15, 2014, 02:51:21 AM
great post thanks.   :)  -bm