The ECB Report On #Bitcoin: You Can Smell Their Fear by @beautyon_ "Bitcoin is going to spread like wildfire"

BLOGDIAL » Blog Archive » The European Central Bank report on Bitcoin: you can smell their fear

irdial.com 06 Nov '12, 3pm

The ECB Report On #Bitcoin: You Can Smell Their Fear by @beautyon_ "Bitcoin is going to spread like wildfire"

This is hilarious. It is the financial sector regulation and supervision arrangements that have brought Europe to its knees, that has the Greeks out in the street throwing molotov cocktails and the Italians with a bank appointed apparatchick at the helm. If anything, private supervision of currencies or even better as in the case of Bitcoin, computer supervision, is infinitely superior to ECB regulation and supervision. At least then either the profit motive or an unalterable mathematical rule will be the sole arbiter; force is not a part of the equation, and everyone can choose what currency they want to accept on a level playing field. The ECB is against this, obviously, and will eventually advocate the use violence to stop free people transacting in private with Bitcoin. They have admitted as much in this report. They are going to have a very hard time shutting down Bit...

Full article: http://irdial.com/blogdial/?p=3420

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@papersplx » 21 Nov '12, 6pm
Blogdial breaks down European Central Bank report on Bitcoin: [link]
@BitCoinReporter » 08 Nov '12, 11am
The European Central Bank report on Bitcoin: you can smell their fear [link] #bitcoin
@HostFat » 07 Nov '12, 1pm
RT @paciprosa: Il più bel articolo che commenta il report della #BCE su #Bitcoin e #Linden Dollars "you can smell their fear" [link]
@paciprosa » 07 Nov '12, 11am
Il più bel articolo che commenta il report della #BCE su #Bitcoin e #Linden Dollars "you can smell their fear" [link]
@Beautyon_ » 07 Nov '12, 10am
Bitcoin is a systemic threat to the fiat currency system. It calls into question the nature of money and jurisdiction. [link]
@Beautyon_ » 06 Nov '12, 11pm
If Bitcoin is not money the imaginary problems associated with it, compliance, KYC, AML; all that nonsense goes away: [link]
@keepyourassets » 06 Nov '12, 3pm
RT @jonmatonis: The ECB Report On #Bitcoin: You Can Smell Their Fear by @beautyon_ [link] "Bitcoin is going to spread like wildfire"
@jonmatonis » 06 Nov '12, 3pm
The ECB Report On #Bitcoin: You Can Smell Their Fear by @beautyon_ [link] "Bitcoin is going to spread like wildfire"
@Pyramining » 06 Nov '12, 10pm
RT @jonmatonis: The ECB Report On #Bitcoin: You Can Smell Their Fear by @beautyon_ [link] "Bitcoin is going to spread like wildfire"
@pro2rat » 06 Nov '12, 9pm
RT @jonmatonis: The ECB Report On #Bitcoin: You Can Smell Their Fear by @beautyon_ [link] "Bitcoin is going to spread like wildfire"
@seapollo » 06 Nov '12, 8pm
RT @jonmatonis: The ECB Report On #Bitcoin: You Can Smell Their Fear by @beautyon_ [link] "Bitcoin is going to spread like wildfire"
» 06 Nov '12, 6pm
RT @jonmatonis: The ECB Report On #Bitcoin: You Can Smell Their Fear by @beautyon_ [link] "Bitcoin is going to spread like wildfire"
@AAinslie » 06 Nov '12, 6pm
RT @jonmatonis: The ECB Report On #Bitcoin: You Can Smell Their Fear by @beautyon_ [link] "Bitcoin is going to spread like wildfire"