Bitcoin Forum

Bitcoin => Press => Topic started by: Stephen Gornick on March 13, 2013, 01:21:02 PM



Title: 2013-03-13 Aljazeera.com - Bitcoin rises, by Nicolas Mendoza
Post by: Stephen Gornick on March 13, 2013, 01:21:02 PM
by Nicolas Mendoza

Quote
What we have here is radically different from the current system where money creation is based on debt, politically motivated, surrounded by secrecy, inflationary, unilateralist, colonialist, and exploitative of powerless nations, etc. The flaws in the design of modern currency are at the roots of the social and ecological disasters we face today.
[...]
An economy built on debt-based currency can only "grow", the 2008 economic collapse showed us, by putting more people deeper into debt. Inevitably, this leads to a society where the many always owe more and more to the few, eventually making democracy a farce. Bankers, as Robert Fisk puts it, are the dictators of the West.
[...]
The P2P money creation system that Bitcoin proposes is truly something else as it deflates the dark power of debt-based money in society; it allows envisioning a world where the wheels of debt are no longer at the origin of economic activity.

 - http://www.aljazeera.com/indepth/opinion/2013/03/2013391325331795.html


Title: Re: 2013-03-13 Aljazeera.com - Bitcoin rises, by Nicolas Mendoza
Post by: Gabi on March 13, 2013, 04:55:42 PM
A well done article


Title: Re: 2013-03-13 Aljazeera.com - Bitcoin rises, by Nicolas Mendoza
Post by: minimalB on March 14, 2013, 11:44:45 AM
This is few years of Bitcoin life in a nutshell.


Title: Re: 2013-03-13 Aljazeera.com - Bitcoin rises, by Nicolas Mendoza
Post by: nimda on March 14, 2013, 08:56:46 PM
Fairly well written and accurate.


Title: Re: 2013-03-13 Aljazeera.com - Bitcoin rises, by Nicolas Mendoza
Post by: vite on March 14, 2013, 09:00:41 PM
Fairly well written and accurate.

+1


Title: Re: 2013-03-13 Aljazeera.com - Bitcoin rises, by Nicolas Mendoza
Post by: The-Real-Link on March 14, 2013, 09:20:05 PM
Agreed.  Besides, Aljazeera is one of if not the most well-known Arabic / Middle East publication, isn't it?  It's speaking about Bitcoin in a very good light for a portion of the world who may have not heard of it before.