Rumors of Bitcoin's death have been greatly exaggerated #bitcoin

Rumors of Bitcoin's death greatly exaggerated... - The Mises Community

mises.org 31 Jan '13, 4pm

Rumors of Bitcoin's death have been greatly exaggerated #bitcoin

Reply AJ Posted: Thu, Jan 31 2013 6:39 AM rated by 0 users The potential future "currency of the internet" zoomed past $20/BTC today, with its market cap about to overtake the all-time high reached in the 2011 bubble top. As the world's most powerful computing network, the p2p transaction technology - like p2p file transfer technology - is making end-runs around monopolistic control so easy that they look natural and even obvious. But let's face it: Bitcoin is nothing more than a glorified point system. It is only the scarcity of the points (bitcoins) that forces a man to lay down 20 smackers just for the privilege of having a point chalked up to his account (his bitcoin address) in the universal internet ledger (the blockchain). He is giving up cold, hard cash for nothing more than a mark in a ledger that the majority of users agree upon. He is essentially paying for the ...

Full article: http://mises.org/community/forums/t/32931.aspx

Tweets

@AustroAncap » 02 Feb '13, 9pm
#bitcoin RT @tuurdemeester: Bitcpoin smashes through $20. The revolution is not being televised; it is being monetized. [link]
@UnoCoin » 02 Feb '13, 3am
RT @BitcoinByte: "The (#Bitcoin) revolution is not being televised, it is being monetized." via @jonmatonis [link] [link]
@BitcoinByte » 01 Feb '13, 2pm
"The (#Bitcoin) revolution is not being televised, it is being monetized." via @jonmatonis [link] [link]
@romansnitko » 01 Feb '13, 12pm
Great article on the silent inevitability of Bitcoin and statelessness [link]
@Lurinks » 31 Jan '13, 11pm
"Bitcoin smashes through $20. The revolution is not being televised; it is being monetized. [link]" by Tuur deMeester:
@rtclark » 31 Jan '13, 8pm
Great post on Bitcoin over at the Mises forum: [link]
@LibertyWatchr » 31 Jan '13, 5pm
Rumors of #Bitcoin's death have been exaggerated. The revolution is being monetized. - [link] #bitcoin via @BitCoinReporter
@joepie91 » 31 Jan '13, 4pm
RT @BitCoinReporter: Rumors of Bitcoin's death have been greatly exaggerated [link] #bitcoin
@BitCoinReporter » 31 Jan '13, 4pm
Rumors of Bitcoin's death have been greatly exaggerated [link] #bitcoin
@swindependent » 31 Jan '13, 6pm
RT @BitCoinReporter: Rumors of Bitcoin's death have been greatly exaggerated [link] #bitcoin
» 31 Jan '13, 6pm
RT @BitCoinReporter: Rumors of Bitcoin's death have been greatly exaggerated [link] #bitcoin