[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

Breakdown in classrooms Students using AI can’t read write or solve basic math

“Don’t you dare enforce the law!”

Can the Annual Theft of $521,000,000,000 From the Federal Budget Be Stopped?

Another conspiracy theory confirmed

This should infuriate every American

Supreme Court to Hear Challenge to Nationwide Injunctions in Trump v. CASA

Older Employees Can’t Retire – FORCED to Work Minimum Wage

The Met Office is Unable to Name the Sites Providing Estimated Temperature Data For its 103 Non-Existent Stations

EPA Targets Engine Start-Stop Systems In Cars

Scientists find toxic metals linked to autism in popular toothpaste

FRAGMENTS OF HIV-AIDS VIRUS INSIDE COVID VACCINES.

Harvard Hammered: Feds Yank An Additional $450 Million In Grants

TOTAL WAR: TRUMP SHUTS DOWN THE IRS 45,000 AGENTS FIRED!

Netanyahu: Israel Will Finish War in Gaza, Drive Out 50% of Palestinians

Something has to change with Big Pharma... NOW.

Your Mitochondria Need THIS to Be Healthy. A Conversation with Nicolas Verhoeven, PhD

Ben Shapiro MELTS DOWN Over Trump Deprioritizing Israel

Tulsi Gabbard FIRES the Top Two Deep State Officials from the National Intelligence Council

World Health Organization: 57 Children in Gaza Killed by Malnutrition Since March Amid Israeli Siege

Pop Star Ed Sheeran Admits "Every Area Of London" Is Dangerous Now

Dr. David Martin discusses a proposed bioweapons attack scheduled for July 2025.

MSNBC horribly suggests the genocide against the SA refugees is justified.

Cheap Tomatoes (And Immigration)

SOTT Earth Changes Summary - April 2025: Extreme Weather, Planetary Upheaval,

Turmeric Lowers Blood Pressure-How To Get the Most Out Of It

Magistrate Judge Issues Warning to US Attorney Alina Habba and ICE After Arrest of Newark Mayor

UK PM Starmer Slammed For Daring To Suggest Immigrants Should "Speak English"

How $21 TRILLION Went Missing From U.S. Tax Payers! -Catherine Austin Fitts

Diddy’s Collapse Was No Accident – Whitney Webb Connects the Dots!

CANADIAN Soldiers Spill Hard Truth about Russia Ukraine War


Business/Finance
See other Business/Finance Articles

Title: Boycott Bitcoin!
Source: email
URL Source: [None]
Published: Dec 27, 2013
Author: Joel Bowman
Post Date: 2013-12-27 15:20:16 by BTP Holdings
Keywords: None
Views: 20

Boycott Bitcoin!

by Joel Bowman

Well, it's been something of a sad week for proponents of Bitcoin...

Would-be buyers of the fringy cyber experiment have had to watch as the price of their beloved currency shot to within (as of this writing) just over $40 per coin. No buyer wants to see that kind of action...unless they are also an "already boughter."

In other words, current owners and maybe-one-day sellers are sitting fairly pretty. Since the beginning of January, the Bitcoin price is up from around $13 in January (and 5 cents in 2010).

Not a bad move for those who spent the past couple of months "hoarding." (The correct word, let it be on the record, is "saving.") And not bad for a currency that suffers the ignominy of existing without the indispensable aid of a central bank.

To be sure, true believers will still be scooping the controversial coins up for what they surely see today as a bargain. As we remarked in this space earlier in the week...

"Speculation about the potential value of a single coin varies widely [in the bitcoin community]. We've heard wide-eyed forecasts running into the many thousands of dollars. That's why enthusiasts are scrambling to build their stash now, before the price rockets....Get rich or die mining, as they say."

Of course, as we all know, the Bitcoin crowd is really just a cabal of dissidents, brimming with lunatics who would trust the free market to its own devices, without the tireless vigilance and service of the government. ("But who would build the...?") What might happen if these malcontents were to gain traction, with their silly little ideas about "liberty this" and "freedom that"?

Imagine for a moment, a scenario in which the value of a currency was determined by the people who actually use it, and not by some all-knowing, all-powerful demigod on a Federal Reserve board. What might happen to central banks as they exist today?

Imagine that fees and charges more or less disappeared, so that opening a digital wallet was as easy as setting up an email account, and sending and receiving payments as simple as firing off a text message. What might happen to banks and financial institutions that today shower their loyal customers in myriad penalties and fees?

Imagine that bureaucratic red tape vanished into the ether, so that anyone with a sound idea and the gumption to see it through could enter the self-regulating ecosystem of service providers without need of state license or permit? What would happen to that friendly monopoly of mega banks steadfastly committed to fragilizing the global financial system...not to mention the chubby-mitted congress of politicians diligently taking bribes from them on our behalf?

Imagine that transactions of the currency were virtually anonymous, so that individuals could conduct their daily business, buying and selling goods and services, in cryptographically-ensured security and privacy. What might happen to the lifeblood of The State when it is unable to easily invade the privacy of its citizens in order to track and steal their money for them?

Imagine that...

No! Let us imagine no more! We must put a stop to this. We must rage against these margin-traipsing ne'er-do-wells. And we must sully the name of their wretched cyber currency initiative.

And finally, we must hope the bitcoin price falls back through the floor...so a better buyer again we can be.

Regards,

Joel Bowman


Poster Comment:

I post it as it comes out. I wonder if you can short bitcoin as you do stocks? ;)

Post Comment   Private Reply   Ignore Thread  



[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]