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Topic: 2013-07-04 RT: Americans fed up with currency manipulations, turn to Bitcoin (Read 701 times)

legendary
Activity: 1078
Merit: 1003
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Lol, was thinking the same.

Indeed.  So long as Bitcoin has anything to do with fiat, it, and its markets, can be manipulated all the same.
sr. member
Activity: 406
Merit: 250
kind of an ironic subject considering all the manipulation going on around here.
legendary
Activity: 1764
Merit: 1002
donator
Activity: 674
Merit: 522
It's also quite accurate! No bulls**t inside. Cool.
Thanks for posting.
legendary
Activity: 1148
Merit: 1001
http://rt.com/business/bitcoin-us-dollar-manipulation-658/

Very positive article.

Some of the best quotes are at the bottom:

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At a time when the traditional financial system is going flop and monetary authorities across the world leave ordinary people largely disappointed, Bitcoin is becoming increasingly attractive.

“You can finally opt out of a system that you don’t agree with. Like, Bernanke can keep printing as much money as he wants, Bitcoin users aren’t effected”, Josh Rossi said. “We’re holding Bitcoins. It only makes our Bitcoins worth more dollars. It’s a natural hedge against inflation,” he added.
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Many economists remain skeptical of the long-term stability of a currency that lacks backing from a single government, which is not a problem for Bitcoin believers.

“If they were pleased with the monetary system, if they felt it was fair, then they wouldn’t be looking for an option like Bitcoin. So, you see already, the loss of confidence, the loss of commitment, it’s a sign of where the society is going,” Richard Wolff, economic analyst and author, told RT.
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