22 Dec '12, 3am

Why the P2P Foundation is paying its salaries in Bitcoin

You can buy many different goods and services with Bitcoin, exchange it with other currencies, etc… It works on a global scale. Hence, it is symbolic of the shift of our world system to a ‘post-Westphalian’ phase, a phase that goes not only beyond the dominance of the nation-states, but also beyond the private global powers that have hijacked global governance, such as the financial system of the 1% . Indeed, this new currency can be created, under conditions set by the protocol, by any participating computer. It is a true p2p monetary system. A socially sovereign currency that can scale globally will be, and is, a vital part of the emerging distributed infrastructure of value creation that the P2P Foundation calls for. This does not mean that Bitcoin is necessarily the final and perfect answer to our needs, but it is an important step in demonstrating that it CAN be done....

Full article: http://blog.p2pfoundation.net/why-the-p2p-foundation-is-p...

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