29 Sep '12, 11pm

Blast From The Past: Is #Bitcoin the Wikileaks of Monetary Policy? via @Superplex

Discuss this post on Hacker News Calacanis primer on bitcoin By Robert Tercek Cynics make the argument that complaints about the loss of privacy in the digital domain are pointless. "If you use a credit card or an ATM machine, you're already living in the fishbowl," the wags say. Fair point. Financial institutions monitor where and when you withdraw cash and how you use your credit or debit card. The transition to e-commerce has intensified their grip on your consumption pattern. And the migration to the cloud will reinforce the power of financial institutions and the government to keep track of you and your data. But it doesn't have to be this way. Centralization Versus Diffusion The struggle over the Internet's future can be summarized as a battle of centralized control versus radical decentralization. This struggle has already played out across a dozen different industr...

Full article: http://www.launch.co/blog/l020-is-bitcoin-the-wikileaks-o...

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