Author

Topic: 2013-12-10 Dollar Vigilante - BITCOIN’S EVOLUTION WILL BE SWIFT (Read 1988 times)

anu
legendary
Activity: 1218
Merit: 1001
RepuX - Enterprise Blockchain Protocol
I know what you mean about Peter Schiff but didn't you get my memo about Ron Paul? He's done more research on it and simply likes the idea of competing currencies as you'd expect from the Libertarian position Cheesy.

Just saying that we should not expect hard money advocates (Austrians, Libertarians, gold bugs) to automatically embrace Bitcoin. Some do, such as Ron Paul, Jeff Berwick, Frank Schäffler, Simon Black... but it can't escape notice that the most hostile critics are also from these quarters and not from Keynesians / statist quarters as one might expect.
legendary
Activity: 1540
Merit: 1000
I know what you mean about Peter Schiff but didn't you get my memo about Ron Paul? He's done more research on it and simply likes the idea of competing currencies as you'd expect from the Libertarian position Cheesy.
anu
legendary
Activity: 1218
Merit: 1001
RepuX - Enterprise Blockchain Protocol
Nice article but coming from a website whose tagline is "SURVIVING & PROSPERING DURING AND AFTER THE DOLLAR COLLAPSE" its pretty much as expected.

Is it? I am always puzzled how hard money advocates like Peter Schiff dismiss Bitcoin:
http://www.youtube.com/watch?v=0L7SOPDOvvI

legendary
Activity: 1106
Merit: 1005
very bullish but in my opinion it's plausible as well.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
Current payment systems simply can’t compete with bitcoin’s fees, security and convenience.  Why spend hundreds of thousands of dollars on bank fees per year and lose hair as money transfers bounce from bank to bank during a wire transfer sometimes taking days to reach its destination, when it can clear within minutes and for mere pennies?  As a currency, no sovereign can match it.  As a payment system, no financial institution can compete with it.  As a distributed network, no government can stop it.
hero member
Activity: 518
Merit: 500
Nice article but coming from a website whose tagline is "SURVIVING & PROSPERING DURING AND AFTER THE DOLLAR COLLAPSE" its pretty much as expected.
legendary
Activity: 1162
Merit: 1007
Yes, nice article!
newbie
Activity: 54
Merit: 0
BITCOIN’S EVOLUTION WILL BE SWIFT
http://dollarvigilante.com/blog/2013/12/10/bitcoin%E2%80%99s-evolution-will-be-swift.html

Quote
Current payment systems simply can’t compete with bitcoin’s fees, security and convenience.  Why spend hundreds of thousands of dollars on bank fees per year and lose hair as money transfers bounce from bank to bank during a wire transfer sometimes taking days to reach its destination, when it can clear within minutes and for mere pennies?  As a currency, no sovereign can match it.  As a payment system, no financial institution can compete with it.  As a distributed network, no government can stop it.

Extremely bullish article about Bitcoin. Quite a pleasant read!  Smiley
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