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Question: Could illegal drug sales hurt Bitcoins
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Author Topic: Bitcoin: the future of money The inception of a new online currency and its conn  (Read 824 times)
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June 07, 2011, 10:06:44 PM

Bitcoin: the future of money
The inception of a new online currency and its connection to illegal online activity is the subject of this weeks Real Time Conversation segment.
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Garrett Burgwardt
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June 07, 2011, 10:22:45 PM

That is a terrible article.

The company has a public online ledger of where their currency is going and to whom so that Bitcoins can't be counterfeited. While the ledger is public, what is actually bought by BitCoin users is anyones guess as the ledger is coded and only shows how much money was spent.

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June 07, 2011, 10:26:44 PM

"Garzik says that they have cooperated with authorities in conjunction with Silk Road and are currently working to distance themselves from the illegal site. Similarly the site is working to make their service entirely legal and in conjunction with government standards."

Sounds like Garzik was feeding them a line of crap.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
Timo Y
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June 07, 2011, 10:30:27 PM

So, Bitcoin is a company and Paypal has started accepting it?  Huh

What kind of fucking amateur wrote this garbage?

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