Quote from: Beliathon on July 08, 2014, 12:17:33 AM

Quote from: Light on June 06, 2014, 02:19:50 AM

Quote from: Ron~Popeil on June 06, 2014, 02:12:53 AM

Care to elaborate? I am curious how bit coin could make us less free. Anything that takes power from governments and gives it to the people makes us all more free.

Freedom is a completely abstract notion. You are technically taking power away from the government by promoting Bitcoin, however you are in turn giving power to a select handful of people who have large holdings of coins.

You've got it all wrong - there is nothing abstract about this situation. Freedom ultimately comes down from freedom from violence and coercive force.

Nation-state governments back the value of their money with violence and deception. Bitcoin's value is backed in reason, truth, mathematics.

By taking away the power of money from governments and giving it to Bitcoin (or any sovereign crypto), you are quite literally making the world a less violent, more reasonable place.

Understand?

Bitcoin is also a very usefull technology in the sense that it is a worldwide currency with low fees, irreversability and no risks of too many bitcoins being created