BANKING BILLIONAIRE FEARS FUTURE OF BITCOIN VS. BANKS

admin Banking, Bitcoin, Bitcoin Lending / Loans, Bitcoin News, Bitcoin Politics, Featured, Opinion, P2P Lending, Technology, The History Of Money 0 Comments

Imagine life as a the patriarchal head of a fiat currency banking empire. Life is good, with the ability to create fiat currency out of thin air, thanks to fractional reserve banking practices which effectively legalizes counterfeiting money. You compare notes with other billionaires. Your donations and campaign influence have politicians wrapped around your finger when it is time regulate new competitors or new technologies. With effective control of politicians, regulators, and consumers sending you multiple streams of income, life couldn’t be better. With one exception. What if there was something, like Bitcoin, which the establishment’s bankers couldn’t wish into the corn fields? Controlling politicians, regulators, the general public, and national economies is pretty sweet, but can all that power protect you from new technologies? What if people had an option where they didn’t have to cut the banks in on every loan, transaction, or new economic measure passed through government? What if people start to figure out you don’t need a bank to live a prosperous life? What if a new technology removed the banks from the equation, leaving people to manage their own money, without a corporate middleman with their hand in your pocket? If you were a …

WILL LATEST BANS ON CASH AND CAPITAL CONTROLS GROW BITCOIN?

admin Bitcoin, Featured, Opinion, Technology, Trending News 0 Comments

The groomed, nurtured and thoroughly manufactured“War on terror” is just about ready to claim another casualty if you live in modern Westernized society. It used to be just a tool of oppression in the U.S., but now statists around the world are using “terrorism” as a catchphrase to rule with an iron hand. Now that every modern government in the industrialized world has a new “Boogie Man” to hide behind, no good crisis shall go to waste. And really the statists don’t even bother with creating the Hegelian Dialectic anymore. Now a nation-state can create a press release, say “Terrorism”, and create a new law that takes their citizens freedoms away. With one word to hide behind, they now legislate your rights right into history, so that they can sit next to the carrier pigeon and the phonograph. New Capital Controls beta-test coming to France A new economic beta-test coming to France this September has my shorts in a wad. Far be it for me to malign the fine French people. Besides, they have a fine track record of accepting Bitcoin, and corporations providing the option of paying employees in Bitcoin in Paris is somewhat common. Very progressive. This is …