The second condition poses a bigger hurdle. For Bitcoin to become a serious global currency, you’d need people willing to lend them. Borrowing and lending is the traditional role of banks and as imperfect as they can sometimes be, banks are one of the foundations on which the modern economy is built.
[...]
Our current monetary system works precisely because of, not in spite of, those peering eyes of government.
Isn't it obvious who signs this guy's pay check (
http://www.atb.com/about/Pages/our-history.aspx)
The banking industry is starting to get its talking points together. It's important that we not underestimate the potential power of
their any propaganda machine. Such efforts are intended to sway opinions and change behaviors, not to tell truth. Pointing out their inaccuracies is necessary but not sufficient. I think it's really important to do also what you do with your link, namely to show the affiliations of sources like this.
In that vein, the Globe is traditionally a very conservative paper, and would normally be expected to support any and all traditional institutions, including the banking system. It is VERY influential among "suits" in Canada. The author of this piece, Todd Hirsch, "was recently recognized as one of Alberta's 50 Most Influential People in 2011". Alberta (the oil patch province) is arguably Canada's most conservative region these days and is the power base for Canada's present conservative prime minister. Opinions generated here tend to become government policy and vice versa, at least in this political cycle.
We can learn about the form, sources and intensity of organized pushback against
BTC by studying trends and commonalities in articles like these - worldwide. It's good not to get too hung up only on whether they tell truth or not, although obviously that is an important component.
