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Author Topic: 2013-02-06 NPR Virginia Proposes Alternate Currency  (Read 1194 times)
danieldaniel (OP)
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February 07, 2013, 12:46:56 AM
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http://www.npr.org/2013/02/06/171310937/virginia-proposes-alternative-currency-in-case-of-federal-reserve-collapse

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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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ralree
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February 07, 2013, 01:39:25 PM
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I shot Robert Marshall an email about bitcoin last night after hearing this.  It has all of the features they want and more.  If others do that, maybe they'll consider it.

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February 08, 2013, 11:42:41 AM
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I shot Robert Marshall an email about bitcoin last night after hearing this.  It has all of the features they want and more.  If others do that, maybe they'll consider it.

I did too.  Got a response the email had been forwarded to Marshal for consideration.  We'll see.

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February 08, 2013, 12:05:19 PM
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Politicians will never understand Bitcoin. We few on this forum are the only nation that understands and will survive the currency war. Let the states join the race to the bottom. Let the goldbugs fear the metal detector toting highwaymen. Let the wall street and fifth avenue wizards lose their tongues to hft. Bitcoin doesn't lie, cheat, or steal.

Virginia would be smart to build an ASIC mining rig and purchase Bitcoin before some other commonwealth drives up the price, but they won't because unlike the founding fathers in America, politicians have no vision.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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February 08, 2013, 12:09:00 PM
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Politicians will never understand Bitcoin. We few on this forum are the only nation that understands and will survive the currency war. Let the states join the race to the bottom. Let the goldbugs fear the metal detector toting highwaymen. Let the wall street and fifth avenue wizards lose their tongues to hft. Bitcoin doesn't lie, cheat, or steal.

Virginia would be smart to build an ASIC mining rig and purchase Bitcoin before some other commonwealth drives up the price, but they won't because unlike the founding fathers in America, politicians have no vision.

+1

It's the difference between politics and statesmanship
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February 08, 2013, 12:24:54 PM
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There's a more in-depth covering of this story in Forbes
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February 08, 2013, 02:19:58 PM
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I think they don't want something like bitcoin, they want something wich can be printed at will

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February 08, 2013, 02:23:04 PM
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I think they don't want something like bitcoin, they want something wich can be printed at will

You're probably right. I'd much rather Iceland adopted Bitcoin as its currency anyway  Grin
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February 08, 2013, 03:15:45 PM
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I think they don't want something like bitcoin, they want something wich can be printed at will
It was not covered in the interview but not according to the Forbes piece.  There he appears to be talking about a new currency with a gold standard!
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