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Posted on 02/14/2014 8:30:05 AM PST by Errant
Welcome to the CoinDesk Weekly Review 14th February 2014 – a regular look at the hottest, most controversial and thought-provoking events in the world of digital currency through the eyes of skepticism and wonder.
Your host … John Law.
(Excerpt) Read more at coindesk.com ...
and we will kill every beggar who begs to differ
BTC is headed back up today, in some cases by over $100 from its morning low.
You may be right, considering the number of mysterious banker deaths recently...
John Law is an 18th century Scottish entrepreneur, financial engineer and gambler. Having reformed the French economy, invented paper currency, state banks, the Mississippi Bubble and other ideas essential to modern economics, he took three hundred years off in a small cottage outside Bude. He has returned to write for CoinDesk on the foibles of digital currency. For John Law's thoughts on the hottest and most controversial events in the world of digital currency, sign up to the CoinDesk weekly newsletter and receive an exclusive preview before anyone else.
Who has control over the net?
The groups with the best hackers.
Who has the best hackers?
The world governments.
Who loses from the existence of e-money?
The world governments.
Who already produced an unknown amount of e-money?
The world governments.
Wow....
A made up currency with no intrinsic value invented by a hacker is under attack by hackers. Who would have thought?
The beginnings of all new epochs have their periods of tribulation.
This is one small event in the evolution of crytocurrency. Already solutions are being thought of: The Evolution of the Bitcoin Clearing House
Name one fiat currency since mankind began printing money out of 'thin air', that has survived. That doesn't seem to stop us from implementing more. Perhaps that is because it's The Biggest Scam In The History Of Mankind . As Einstein stated so well, "Insanity is doing the same thing over and over and expecting a different result."
Time marches on and new technology and ways of doing things more efficiently, along with it, same as in nature. The dinosaur became extinct from lack of technology and a because it had a small brain. Humans on the other hand have developed technology to the point where we could possibly preventing a reoccurrence of that which befell the dinosaur.
I'm just not too sure how far we've come when it comes to brains however.
Oh I agree there will be emoney...there already is china,briton,USA,canada,printed tons of it already.
over representation of every currency is profound....lots of little electronic blips floating around....the chins are pissed....they got in late.
imo
Bitcoin offers the opportunity for the people to control the money supply and not the banksters or their government cronies to spend it with abandon.
its a great idea...like communism is a great idea....
I just plain wont work.
Everybody will not ever be equal.
Currency will never be straight.
imo
Communism isn't a great idea; Cryptocurreny is. Perhaps if you knew more about how each works, you might see the difference between the two. As for it not working, every time something new is invented, there are those who can't wait to proclaim that.
You know Ill just be keepin my opinions ...and you hold tight to those electronic blips.
We can compare notes next year.
I dont really care about your blips.
leave me alone.
Gladly!
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