Bullshit.  Capitalism is the only economic system that can succeed without fraud or initiating the use of force.  Voluntary trade between free individuals would lead to an incredibly prospeous society.  Thankfully, Bitcoin will move us closer to that ideal.

Watch out for security of your device when installing anything... bitcoin related especially

I think all coins are called cryptocoins. altcoin are those coins that came after bitcoin was made.

This thread has 6 confirmations now (question was the 1st)  

A system for electronic transactions without relying on trust. Payments is just one application.