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Author Topic: 2013-03-13 Aljazeera.com - Bitcoin rises, by Nicolas Mendoza  (Read 2796 times)
Stephen Gornick
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March 13, 2013, 01:21:02 PM
 #1

by Nicolas Mendoza

Quote
What we have here is radically different from the current system where money creation is based on debt, politically motivated, surrounded by secrecy, inflationary, unilateralist, colonialist, and exploitative of powerless nations, etc. The flaws in the design of modern currency are at the roots of the social and ecological disasters we face today.
[...]
An economy built on debt-based currency can only "grow", the 2008 economic collapse showed us, by putting more people deeper into debt. Inevitably, this leads to a society where the many always owe more and more to the few, eventually making democracy a farce. Bankers, as Robert Fisk puts it, are the dictators of the West.
[...]
The P2P money creation system that Bitcoin proposes is truly something else as it deflates the dark power of debt-based money in society; it allows envisioning a world where the wheels of debt are no longer at the origin of economic activity.

 - http://www.aljazeera.com/indepth/opinion/2013/03/2013391325331795.html

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March 13, 2013, 04:55:42 PM
 #2

A well done article

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March 14, 2013, 11:44:45 AM
 #3

This is few years of Bitcoin life in a nutshell.
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March 14, 2013, 08:56:46 PM
 #4

Fairly well written and accurate.

I recommend asking me for a signature from my GPG key before doing a trade. I will NEVER deny such a request.
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March 14, 2013, 09:00:41 PM
 #5

Fairly well written and accurate.

+1


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March 14, 2013, 09:20:05 PM
 #6

Agreed.  Besides, Aljazeera is one of if not the most well-known Arabic / Middle East publication, isn't it?  It's speaking about Bitcoin in a very good light for a portion of the world who may have not heard of it before.

Oh Loaded, who art up in Mt. Gox, hallowed be thy name!  Thy dollars rain, thy will be done, on BTCUSD.  Give us this day our daily 10% 30%, and forgive the bears, as we have bought their bitcoins.  And lead us into quadruple digits
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