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BitCoin - A Decentralized Currency
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[quote:Nyarlathotep:MV8yMTE0ODM0XzM1NjU5MDcyXzUxRjkwNTNB] [quote:Anonymous Coward 8025116:MV8yMTE0ODM0XzM1NjU5MDA5Xzg5NkE0QTc1] [quote:Nyarlathotep:MV8yMTE0ODM0XzM1NjU4OTYwXzExODEwOUJE] [quote:Anonymous Coward 961432:MV8yMTE0ODM0XzM1NjU4OTQ2X0NBRDRDRTBB] [quote:Anonymous Coward 8025116:MV8yMTE0ODM0XzM1NjU4MzI5XzFBNkYxQ0I=] Its value is driven by people's desire to trade drugs on the silk road. Without the silk road, bitcoins have little reason to exist. However, the idea of a decentralized currency is on the right track. The more correct way to do it is to have city, state and national banks that create and destroy currency in a decentralized fashion by way of fractional reserve lending. [/quote] Maybe for now, but just wait until all the capital controls come down and massive sales taxes for anything on line. Bit coin or another alternative system like it will act as the blood for the black market system. Black market meaning even a damn loaf of bread mate. . [/quote] I would use another word other than black market. I would say "alternative" market as that is exactly what it is. [/quote] It's as black of a market as you can get. Why pussyfoot around the wording? [/quote] "A black market or underground economy is the market in which [b]illegal[/b] goods are traded". While this is true, we also see legal goods being purchased with bitcoins all the time. I think I was just trying to point out that the term black market tends to shadow the good intentions of the currency itself. People buy and sell illegal items all the time with USD all the time... it just doesn't fit the criteria of [b]underground[/b] [/quote]
Original Message
In the wake of the economic turmoil that we've been seeing throughout the years it begs to wonder why we still stay centralized on anything that includes the masses. We know that centralization of power usually always leads to a corrupted system; The economy is no stranger to this.
BitCoin aims to free us of that: [
link to www.weusecoins.com
]
List of places that accept bitcoin:
[
link to en.bitcoin.it (secure)
]
Places that allow you to exchange regular currency to bitcoin and vice versa:
[
link to en.bitcoin.it (secure)
]
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