Bitcoin is the Revolution You've Been Waiting For

David Seaman

Yesterday, President Obama stated that “we tortured some folks” in the aftermath of 9/11. Later in the day, he expressed his full confidence in his CIA Director, a man several pundits have pointed out was supportive of such torture during the Bush administration.

Obama pointed out that torture is against our “values”.

No. A long wait at the grocery store is against our values. Abduction and torture without trial, on the other hand, is illegal.

Warrantless surveillance of the American civilian population, more than a year after Edward Snowden first came out with his “revelations,” is illegal. Using the IRS to intimidate and slow down political opposition is illegal.

Bitcoin Comes Under Full Scale Attack by Regulators

Activist Post

Digital cryptocurrencies, like Bitcoin, still have a long way to go before mainstream use, but they seem to pose a huge threat to the existing financial paradigm as evidence by the recent frantic reaction by regulators.

To be clear, cryptocurrencies are threatening because no central entity can fully control them and they also represent a nearly free and anonymous payment application.  It's an algorithm that has the potential to make central banks, commercial banks, private banks, and the tax collectors obsolete.

In other words, cryptocoins may be epoch changing for society.  In the same way the Internet killed publishing or how VoIP killed long distance telephone carriers, cryptocoins may in fact kill debt-based money and brick-and-mortar banking.

'Bitcoin steals power from both banks & gangsters'

Youtube

Digital currency Bitcoin is gaining popularity around the globe as people become more and more dissatisfied with the conventional banking system. Instant, safe and nearly anonymous, is what Bitcoin claims to be. It takes no commission for transactions and can be used internationally wherever you have internet access. Is it the currency of the future?

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Bit Apple: Savvy pros push Bitcoin currency

Youtube

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