Quote
BitInstant’s CEO Goes to Brazil for Money Conference Returns With ‘World’s Current Monetary System is Inferior to Bitcoin’
Kyt Dotson
2012-09-17
http://siliconangle.com/blog/2012/09/17/bitinstants-ceo-goes-to-brazil-for-money-conferences-returns-with-worlds-currency-monetary-system-is-inferior-to-bitcoin/
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In this fashion, Bitcoin replaces the lifeblood of currency for customers of states that either have too-restrictive regulations on the flow of money or poor flow of money. “As you tighten your grip, more transactions will slip through your fingers.” The very lack of regulatory success against a peer-to-peer, decentralized currency that exists not because of government fiat and instead because of code and social value means that it cannot be easily touched (or controlled) by governments.
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Kyt Dotson
2012-09-17
http://siliconangle.com/blog/2012/09/17/bitinstants-ceo-goes-to-brazil-for-money-conferences-returns-with-worlds-currency-monetary-system-is-inferior-to-bitcoin/
...
In this fashion, Bitcoin replaces the lifeblood of currency for customers of states that either have too-restrictive regulations on the flow of money or poor flow of money. “As you tighten your grip, more transactions will slip through your fingers.” The very lack of regulatory success against a peer-to-peer, decentralized currency that exists not because of government fiat and instead because of code and social value means that it cannot be easily touched (or controlled) by governments.
...