17 May '13, 9pm

'Bitcoin threatens economic monopoly, bolsters free speech' - #bitcoin

The basic gist of it is, there is this network of people worldwide, and any person that joins the Bitcoin network is responsible for upholding it. The Bitcoin is actually a form of money, like the dollar, euro or pound, but it’s virtual currency on the Internet. It is a type of currency which is not overseen by central banks, governments or states, and there are no restrictions on how you can use it. You can send it to anyone, anywhere in the world. A person can download Bitcoin software, get set up with it in five minutes, and start accepting payments from Iran or North Korea. It’s proper free trade, not the fake kind where you need to register corporations or companies, and then you’re shut out of the market because of regulations: No! It’s the kind of money where anybody in the world can participate. It might be alright in the West, when anybody can set up an account an...

Full article: http://rt.com/op-edge/bitcoin-market-speech-taaki-450/

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