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Author Topic: [2016-04-14] Federal Reserve Bank CEO: ‘Bitcoin Facilitates Terrorist Activity’  (Read 199 times)
jdebunt
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April 14, 2016, 01:16:55 PM
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Your thoughts on these statements by the Federal Reserve Bank CEO?

After touching upon various aspects of FinTech and how this industry can revolutionize the payments industry on a large scale, the discussion turned to Bitcoin and digital currencies. Williams mentioned how these currencies are “easy to use and anonymous,” which is not true for every digital currency in existence today. Bitcoin, for example, is not as anonymous as some people think, and its ease-of-use can be a point of debate as well.

https://news.bitcoin.com/fed-ceo-bitcoin-facilitates-terrorist/
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stan.distortion
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April 14, 2016, 01:40:29 PM
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Phew, I thought Professor Bitcorn had dug his reputation out of the gutter for a mo there, different Williams.

Lol, he should probably have put a disclaimer at the very top stating he has a vested interest in his point of view but it kind of goes without saying Smiley He should really wake up and smell the coffee though, the "terrorism" line is way down the curve of diminishing returns at this stage and getting to the point where the general public is more inclined to research what's being targeted by it than blindly run away in terror. That's something the fed really don't need because folks are already wondering how far this exclusion of anyone "we" don't like from the financial system will go, whether it will extend to their own personal transactions at some stage and the answer they'll find is a loud and clear "yes it will".

It could also extend to something the fed should be absolutely terrified of and that's their supposed right to decide who can and can't use their system because that raises the question of what exactly is it the fed is running? Whatever it is, it sure ain't money because there's absolutely no scope whatsoever for exclusion in its definition:
http://money.visualcapitalist.com/infographic-the-properties-of-money/

Curious about the trolls methods? http://pastebin.com/irj4Fyd5
Manipulation of public discussion: https://www.youtube.com/watch?v=-bYAQ-ZZtEU
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April 14, 2016, 02:49:44 PM
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"Williams mentioned how these currencies are “easy to use and anonymous,”" - much like his own product, namely green paper. The main distinguishing difference imho is that he and his colleagues control the supply of the latter.

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