Wednesday, 29 January 2014

angel-investor or miner forty-niner

Such actions, I think, have been on the horizon, waiting in the wings, for some time and authorities with the US Department of Justice (DOJ), championed by investigators—rather character witnesses for the prosecution—with the US Drug Enforcement Agency (DEA) arrested Bitcoin money-changers on charges of money-laundering and drug-trafficking charges.

This news is rather chilling, concomitant with reports that in Russia transactions with such coinage have been criminalised outright. I wonder what the competition for this fiat currency portends? Maybe it is a demonstration and affirmation of the real scheming of the financial system. Of course, apparent grey-market dealings suggest that this, like no other money, is not subject to corruption, but broader independence from influence and control from the default mints and established quid pro quo can be a discomforting matter. Those trading in Bitcoin rather than script are fervent and dedicated collectors above all and signal an unaccustomed foil. What do you think? Is Bitcoin only a fad or a back-door diversion or a noxious omen of assault against barter and alternative methods of tendering debts and wealth?