Bitcoin Forum
May 11, 2024, 12:36:30 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Who's REALLY in charge of this country?  (Read 2472 times)
cypherdoc (OP)
Legendary
*
Offline Offline

Activity: 1764
Merit: 1002



View Profile
February 16, 2012, 03:51:02 PM
 #21

Don't confuse power and influence with "being in charge."  Big tech companies have power and influence, sure. But to say that "they are in charge" is a wild stretch. And even to say that anyone is "in charge" is a bit misguided. We live in a complex economy, with many interests pulling in many directions - governments, banks, financial companies, tech companies, influence groups, on and on. And even within these subsets, they don't always agree. Banks fight with each other, tech companies fight with each other.  There is no monolithic power structure - though there are many powers to be fearful of.

of course the "in charge" is more of a headline grabber than reality but otoh Wall St needs a story to push when selling stocks.  w/o people are buying the Nasdaq, the stock pushers make money; when they aren't selling stocks then they don't, at least legitimately.  the tech giants are rolling in the printed money and fattening their war chest; look at Apple.  in this sense, they are "in charge" and can call some pretty big shots if they want, as in SOPA.

Quote
On your other point, about a tech company buying a stake in Gox, I'm sure they will do such a thing when they wish to. There is no need for Tux to pursue these people, and doing so only makes Bitcoin look desperate for attention. Further, it is highly unlike a company like Google would mess around with the grey area legality of the Bitcoin world, at least not openly. It's too much trouble and risk for a large company.


It is small companies, and prescient VC groups, who will run this space for a while.



its not about desperation and i don't think it would be perceived as such.  its about a merging of common interests.  the REAL economy and the tech giants need something like Bitcoin desperately to prevent being dragged down the black hole by our criminal financial industry and incompetent politicians.  its the exact parallel argument for gold except that i think Bitcoin works much better.  we as the Bitcoin economy need someone like Google to solidify our existence so that the innovation and investment can continue forward with more confidence.

in time i'm sure this will all fall into place.
You get merit points when someone likes your post enough to give you some. And for every 2 merit points you receive, you can send 1 merit point to someone else!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715387790
Hero Member
*
Offline Offline

Posts: 1715387790

View Profile Personal Message (Offline)

Ignore
1715387790
Reply with quote  #2

1715387790
Report to moderator
1715387790
Hero Member
*
Offline Offline

Posts: 1715387790

View Profile Personal Message (Offline)

Ignore
1715387790
Reply with quote  #2

1715387790
Report to moderator
sunnankar
Legendary
*
Offline Offline

Activity: 1031
Merit: 1000



View Profile WWW
February 16, 2012, 06:29:09 PM
 #22

Interestingly we have monopoly laws against industry but none against the those who monopolize the flow of wealth???

Why do you think Anti-Trust law was created? To breakup any potential competitor, like Carnegie, Rockefeller, etc., to the Money Trust before it gained enough size or power that it could possibly compete.

Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!