[Jimbuna]

Originally Posted by Skybird

More and more people realise that the paper money system is collapsing right now in slo motion, that it it counterfeit "money". And that politicians and government controlling what money is and what not, is part of the problem.

What many people do not relaise is that states, as long as püeople submissvely obey to their claimed authpority, can and will prohibit rivalling currency models if they threaten their core interests. Like they have banned gold, so they will ban crypto currencies. It is not difficult, since it is all digital, nothing material. Thats why government want to delete cash "money", so that people must go all digital - it means people are utmost vulnerable and completely defenceless to any measurements taken by the state.

If you want a trustworthy and solid money system you have to take politicians, states, central banks out of the equation and must destroy their options to have any influence or control on the definition and "creation" of money. In other words: you must end having a planned economy, because that is what state-defined money is: planned eocnomy.

Instead, we will get the opposite. Because the vast majority of people allow it.

Was only a matter of time Sky perhaps?

"Highly professional" hackers made off with around 4,700 Bitcoin from a leading mining service, a Bitcoin exchange has said.
The value of Bitcoin is currently extremely volatile, but at the time of writing, the amount stolen was worth approximately $80m.

http://www.bbc.co.uk/news/technology-42275523