Quote from: NASDAQEnema on July 31, 2012, 11:46:38 PM

NO FEDERAL RESERVE (trusted nodes) IN THE CRYPTOCOIN WORLD!

You kind of sound like an OWS protestor.

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The rich are rich because of their connections and backroom deals not because of their holdings.

Well, one could make the argument that most of the plutocracy in place today has root in the Rothschilds/gold moneylending industry that eventually turned into central banking. That happened because a super scarce resource (gold) was easily controlled.

Who knows how different the world could be today if money was honest. Bitcoin is not honest money and would likely follow the same path as gold were it to become a significant force in the world.

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The dumbest theory I ever saw: Trust the rich to protect the network.

If you have honest money, the wealth of the world will be distributed far more equally than it is today. Perhaps we will lose some of our pettiness if that ever becomes the case.