19 Aug '13, 10pm

Ari Zoldan: Bitcoin: Society's Boon or Bane?

This could mean the end of programs like Medicare, Medicaid and social security. It could lead to significantly reduced funding for public schools, universities, and research institutions. It would lead to dramatic reductions in industrial infrastructure investment, which is also tax-funded. This means that there would be a pronounced decrease in building projects like bridges, damns, airports, roads, and telecommunication. Bitcoin would cause a dramatic reduction of public welfare and social development. The third threat which Bitcoin poses is that it could directly lead to a serious destabilization of national economies. Because Bitcoin's currency is completely decentralized with no particular individual or body in control, governments would no longer regulate and control the economy. Although the economy is currently not doing particularly well and currency issues certa...

Full article: http://www.huffingtonpost.com/ari-zoldan/bitcoin-societys...

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