Daily Archives: April 9, 2013

Bitcoin vs government, what are the stakes?

Bitcoin is analogous to gold  in that it is hard to produce and acquire, its supply is limited, it can be exchanged anonymously, and it’s path cannot easily be traced. That has some good socio-political  implications and some bad ones. Here is an article that sketches a fairly clear picture of some of that. http://www.bloomberg.com/news/2013-04-05/bitcoin-really-is-an-existential-threat-to-the-modern-liberal-state.html