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Topic: 2013-03-23 Acting Man - Bitcoin Soars on Cyprus Crisis (Read 880 times)

legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
So we are like Spartans  Cheesy

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The world will know that free men stood against a tyrant, that few stood against many and, before this battle is over, that even a god-king can bleed.
 Cheesy
legendary
Activity: 1764
Merit: 1002
good find vokain.  Smiley
legendary
Activity: 1834
Merit: 1019
http://www.acting-man.com/?p=22299

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CONCLUSION

The moral of this story is that the free markets crave a solution to the pricing mechanism of economic calculation. Sound money, such as gold, remains a caged lion lashed about with regulation resulting in economic censorship. Even if censorship-resistant Bitcoins fail, and they could, they will still have played a part in this great saga of power versus market.

Bitcoin has demonstrated that the free markets demand a fixed and free currency supply. Bitcoin is forcing the elites to reconsider gold as a monetary system component in which they are still included in the narrative and not completely routed around.

They may see their frightening alternative as alluded to by the European Central Bank’s report on Bitcoin. If they do not comply with this market demand then their power base, derived from their ability to issue fiat currency, may be completely eroded and therefore their entire existence could be replaced at the click of a button by billions of individuals.

By James Cox
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