[2014-08-12] Bitcoin: Baffling or brilliant?

[erono]

http://rt.com/op-edge/179372-bitcoin-struggling-revolution-money/

Governments are struggling to understand bitcoin. Understanding history might help them better appreciate the Copernican revolution in money.

The establishment never deals easily with changes to its status quo. A cocktail of delay, denial and confusion is the usual heady mix which afflicts the governing classes as the bureaucracy wrestles with what art critic Robert Hughes deliciously described as “the shock of the new.”

[ThomasCrowne]

Thanks for the article it was an interesting read.

I particularly liked what he said at the end:
 
"In the modern world, when politicians manipulate money, scarce, valuable crypto currency will be favored by savers throughout the world. In the past, authorities failed to search under every citizen’s mattress. Nowadays, politicians have no chance of finding every digital wallet.

Government must embrace bitcoin or die. "

[TheButterZone]

or=and

[cr1776]

Search function:  Baffling or brilliant?

    lol
 
It was posted yesterday.  

https://bitcointalk.org/index.php?topic=734534.0