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Author Topic: Washington Times article (subtlely) endorses Bitcoin  (Read 1239 times)
hugolp
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October 28, 2011, 07:18:12 PM
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The conclussion of the article:

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But there is some reason to be hopeful because very bright and creative folks are experimenting with private monies on the Internet. Advances in computing power and encryption technologies are increasingly making it possible for people to get around the destructive government money monopoly. With some luck and some support from countries that are not part of the U.S. dollar, euro and Japanese yen blocs, free money might yet succeed. If not, we will continue to be doomed to a life of boom and bust, and inflation and deflation, as the central banks continue to nail all of us on the cross of government monopoly money.

Wonder what he is talking about Wink

The whole article is worth the read: http://www.cato.org/pub_display.php?pub_id=13798
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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cbeast
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Let's talk governance, lipstick, and pigs.


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October 28, 2011, 07:28:02 PM
 #2

The conclussion of the article:

Quote
But there is some reason to be hopeful because very bright and creative folks are experimenting with private monies on the Internet. Advances in computing power and encryption technologies are increasingly making it possible for people to get around the destructive government money monopoly. With some luck and some support from countries that are not part of the U.S. dollar, euro and Japanese yen blocs, free money might yet succeed. If not, we will continue to be doomed to a life of boom and bust, and inflation and deflation, as the central banks continue to nail all of us on the cross of government monopoly money.

Wonder what he is talking about Wink

The whole article is worth the read: http://www.cato.org/pub_display.php?pub_id=13798

It's the Washington Times (A News Corp company) actually. The enemy of my enemy. hehe

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
hugolp
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October 28, 2011, 07:39:59 PM
 #3

It's the Washington Times (A News Corp company) actually. The enemy of my enemy. hehe

Thanks, I corrected that. Honestly, all this titles of american newspaper names sound the same to me. How many Something Times and Something Post do you guys have?
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October 28, 2011, 07:43:39 PM
 #4

It's the Washington Times (A News Corp company) actually. The enemy of my enemy. hehe

Thanks, I corrected that. Honestly, all this titles of american newspaper names sound the same to me. How many Something Times and Something Post do you guys have?

I would not have mentioned it, but I take exception with News Corp publications and broadcasts.  Cheesy

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
cypherdoc
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October 28, 2011, 08:04:26 PM
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thats a really good article.  sounds like someone from around here wrote it.  nice find.
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October 28, 2011, 08:28:52 PM
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Nice.  It will take thousands of articles like this (not people saying use Bitcoin you can make 489032904283490382490% profit in 9 seconds) to slowly ever so slowly convince people to try an alternate currency.  We are talking timelines in years if not decades.
Coinabul
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October 28, 2011, 09:49:57 PM
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Nice.  It will take thousands of articles like this (not people saying use Bitcoin you can make 489032904283490382490% profit in 9 seconds) to slowly ever so slowly convince people to try an alternate currency.  We are talking timelines in years if not decades.
That has always been the game plan Smiley

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October 30, 2011, 02:17:08 PM
 #8

Nice.  It will take thousands of articles like this (not people saying use Bitcoin you can make 489032904283490382490% profit in 9 seconds) to slowly ever so slowly convince people to try an alternate currency.  We are talking timelines in years if not decades.
That has always been the game plan Smiley

I was inspired by your post, Coinabul, and opted to start a new thread to not hijack this one: https://bitcointalk.org/index.php?topic=50352.msg599748#msg599748

Bruno
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