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Topic: 2013-11-25 inc.com: How Bitcoin Won Washington's Heart (Read 815 times)

legendary
Activity: 1441
Merit: 1000
Live and enjoy experiments
It's one government vs a worldwide population and a hard-to-kill technological advance.

Resistance is futile. If you can't beat it, join it.  Wink That actually is smart.
legendary
Activity: 980
Merit: 1000
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Good, their greed will be their undoing.

Satoshi must've known this would've been part of the equation. How do you prevent a new currency from being killed? Inspire your critics with the potential rewards. They think they can control the genie in the bottle, but what will really happen is their power and leverage will diminish with every day Bitcoin functions.

Perfect.


Offcourse he knew  , the best way to setup a currency is to use the human nature of checking the nabors careers.
thats the basic social instinct.
legendary
Activity: 2408
Merit: 1121
Good, their greed will be their undoing.

Satoshi must've known this would've been part of the equation. How do you prevent a new currency from being killed? Inspire your critics with the potential rewards. They think they can control the genie in the bottle, but what will really happen is their power and leverage will diminish with every day Bitcoin functions.

Perfect.
hero member
Activity: 668
Merit: 501
I could see the drool on their mouths because of campaign contributions in Bitcoin from this side of the Atlantic.
legendary
Activity: 980
Merit: 1000
CryptoTalk.Org - Get Paid for every Post!
Well on a human level they can see it as a way out of the hamster wheel!
https://www.youtube.com/watch?v=FU-p_JRu79s all sane humans are aware of this problem but dont know a way out , this can be the consensus way out , by simply doing notting and letting it happen!
 
donator
Activity: 784
Merit: 1000
http://www.inc.com/christine-lagorio/bitcoin-goes-to-washington.html

Quote
That's one of the lessons that can be drawn from Bitcoin's appearance before the Senate Committee on Homeland Security and Government Affairs last week. Despite warnings from law enforcement officials that Bitcoin has made its way into child pornography, firearms, illegal drugs, money laundering, and gambling, the overall atmosphere at the hearing was exceedingly friendly. In fact, officials from the U.S. Department of Justice, the U.S. Secret Service, and the Treasury Department repeatedly cited the positive attributes of Bitcoin, including: "innovative ways to move money" and "potential to support more efficient and transparent global commerce."
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