19 Dec '12, 10pm

SiliconAngle - CNN's 'Odd Screed Against Bitcoin' #bitcoin

“In what could be best described as an odd screed against Bitcoin and its potential financial impact on the world, it delves into places that paint the cryptocurrency as a boogeyman while at the same time reporting on money laundering occurring in current banking industry.” - “Sanati starts by poisoning the well: citing the black market success of Bitcoin due to its high liquidity and current underground nature in order to make it seem sinister. He even uses a lot of weasel words such as ‘shady’ and ‘sketchy’.” - “Fears that Bitcoin might be used for laundering aren’t without merit; they just have nothing to do with the currency per se but how laundering works. Any system that has proven to work is going to become a useful tool for criminal activity—after all the USD is used in exactly this way, thus why finance laws exist.” - “One of the important things that this article...

Full article: http://www.bitcoinnews.com/post/38334218413/siliconangle-...

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SiliconAngle - CNN's 'Odd Screed Against Bitcoin': #bitcoin

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