Post
Topic
Board Bitcoin Discussion
Re: Loosely Managed Digital Currency Could Be Avenue for Crime That's Hard to Block
by
grondilu
on 16/04/2011, 23:33:50 UTC
and including Satoshi Nakamoto's take on the current global system of payments posted in a respected blog a couple of years back:

“The root problem with conventional currency is all the trust that's required to make it work,” Nakamoto wrote in a February 2009 blog on P2P Foundation. “The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.”

It is indeed one of the best quote from Satoshi.  I personnaly think you should have quoted it more extensively.

In particular, I whish you had quoted this part:

Quote from: 'Satoshi'
Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.

It would have been fun to think about banksters reading this.