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Topic: 2013-04-17 americanbanker.com - Governments Must Co-Opt Bitcoin to Avert Disaste - page 3. (Read 3621 times)

hero member
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From Bitmint.com:

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We are fortunate to witness a rare evolutionary step in the history of money -- digitization: a string of bits (ones and zeroes) is engineered to carry value and assume identity, and in that form flow, move, store, and accumulate: securely, seamlessly, discreetly and fast. Allowing payment, banking, investment and the of global economic activity to be redefined, re-engineered, and revamped. The global village is finally about to become not just global, but a village where anyone anywhere can trade, buy, pay, invest. Not account-based, like today, but eCash-based, appropriate for our modern eLife. New creative forces unleashed, new vistas opening.

Computerized payment will allow for micro services and macro deals to happen with transparency, accountability and fairness, dealing a painful blow to the forces that today thrive on money secrecy, and on hiding and abusing their wealth. In an apparent contradiction, digital money will offer unprecedented privacy for the non-abusers. Our imagination is not rich enough to extend into the myriad of changes and uncounted possibilities opened up with this new and most abstract form of money: a series of bits that carries both value and identity -- cryptographically robust, and mathematically assured.

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full member
Activity: 151
Merit: 100
Wow, what an amazing thesis on exactly why we need Bitcoin more than ever. This is my favorite part:

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The policy conclusion is clear. Bitcoin should be disqualified as a functional tradable currency. However, a properly regulated, digitized option for the prevailing currency should be rushed to market. If not, Bitcoin will reign, suck in an enormous amount of wealth, and eventually implode, unleashing a financial tsunami of unimagined proportions.

Pretty please, RUSH the prevailing currency replacement to market. That will work out best for everyone.
legendary
Activity: 1764
Merit: 1007
lolwtf? Bitcoin like Sarajevo 1914 leading to WW1? No way this article is without an ironic wink. Shocked  Cheesy
hero member
Activity: 772
Merit: 501
http://www.americanbanker.com/bankthink/governments-must-co-opt-bitcoin-to-avert-disaster-1058380-1.html

Very negative article calling on bans on bitcoin worldwide.

Author calls himself a 'crypto-money professor' and created this site:

http://www.bitmint.com/
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