2013-04-05 Bloomberg Btc Really "Existential Threat to the Modern Liberal State" - page 2.

em3rgentOrdr

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youtube.com/ericfontainejazz now accepts bitcoin

Quote from: ShadowOfHarbringer on April 06, 2013, 04:24:28 AM

Badly formatted date !

Kiba is going to come in storming any minute now...

haha!!! Hey good to hear from you...I had voluntarily disconnected from bitcoin forums for a year and a half!

Quote from: BTC Books on April 06, 2013, 04:33:32 AM

At this point, I'm beginning to wonder if Bloomberg has recently started receiving clear direction as to the type of coverage bitcoin gets in their media.

yeah...I've been very frustrated with all the news attention recently...so many incorrect facts by writers who don't fully understand bitcoin technical details, or just plain biases in reporting.

BTC Books

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At this point, I'm beginning to wonder if Bloomberg has recently started receiving clear direction as to the type of coverage bitcoin gets in their media.

ShadowOfHarbringer

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Bringing Legendary Har® to you since 1952

Badly formatted date !

Kiba is going to come in storming any minute now...

em3rgentOrdr

sr. member

Activity: 434

Merit: 252

youtube.com/ericfontainejazz now accepts bitcoin

http://www.bloomberg.com/news/2013-04-05/bitcoin-really-is-an-existential-threat-to-the-modern-liberal-state.html

Quote

So far, Bitcoin is not a big deal. Its total value in circulation was $1.4 billion as of this week. That's equivalent to the currency stock of a small nation -- somewhere between Iceland and Uruguay -- and just one-thousandth of the total value of U.S. dollars in circulation. The volume of transactions in Bitcoin is growing only slowly, relative to the massive increase in demand for the currency: This discrepancy is strong evidence that Bitcoin’s rise is a speculative bubble.

Nonetheless, Bitcoin raises some interesting questions. One is whether it might undermine the modern state -- which, for many of its libertarian-anarchist advocates, is the whole idea.

Technology enabled governments to grow more powerful and more centralized in the 19th and 20th centuries, as Tyler Cowen, an economist at George Mason University, has argued. The intriguing possibility is that technologies of the 21st century -- such as Bitcoin -- might push the other way.

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