Bitcoin Prevents Monetary Tyranny - intriguing analysis

http://www.forbes.com/sites/jonmatonis/2012/10/04/bitcoin-prevents-monetary-tyranny/ Mel Gibson as William Wallace wearing woad. Bitcoin is not about making rapid global transactions with little or no fee. Bitcoin is about preventing monetary tyranny. That is its raison d’être . Monetary tyranny can take many ugly forms. It can be deliberate inflation, persecutory capital controls, prearranged defaults within the banking cartel, or even worse, blatant sovereign confiscation. Sadly, those threats are a potential in almost any jurisdiction in the world today. The United States does not have a monopoly on monetary repression and monetary tyranny. Once the State is removed from the monetary sphere and loses the ability to define legal tender, its power becomes relegated to direct legislative and enforcement measures that do not immorally manipulate a currency. Taxes for wars a...

Full article: http://themonetaryfuture.blogspot.co.uk/2012/10/bitcoin-p...

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“Bitcoin is about preventing monetary tyranny. That is its raison d’être.” - “A powerful instrument is needed to prevent a...

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Bitcoin is not about making rapid global transactions with little or no fee. Bitcoin is about preventing monetary tyranny....

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The following article was written by Jon Matonis and published on Forbes , October 4th, 2012 . Bitcoin is not about making...

#today #news Forbes: Bitcoin Prevents Monetary ...

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Bitcoin is not about making rapid global transactions with little or no fee. Bitcoin is about preventing monetary tyranny....

Bitcoin Prevents Monetary Tyranny

Bitcoin Prevents Monetary Tyranny

forbes.com 04 Oct '12, 3pm

But you see Jon, transaction COSTs are not the same thing as transaction FEEs. The latter is only a subset of the former. ...

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