Monday, May 16, 2011

Bitcoin: a new "peer-to-peer currency"

Bitcoin: a new "peer-to-peer currency": "logo.jpg


The folks at LAUNCH put out a provocative edition of their email newsletter today focused on the open source internet currency system Bitcoin.



Bitcoin is a P2P currency that could topple governments, destabilize economies and create uncontrollable global bazaars for contraband. (...) After month of research and discovery, we've learned the following:


1. Bitcoin is a technologically sound project.

2. Bitcoin is unstoppable without end-user prosecution.

3. Bitcoin is the most dangerous open-source project ever created.

4. Bitcoin may be the most dangerous technological project since the internet itself.

5. Bitcoin is a political statement by technotarians (technological libertarians).*

6. Bitcoins will change the world unless governments ban them with harsh penalties.


I haven't spent enough time poking around with Bitcoin yet to agree or disagree with the rather charged assertions above, but I'm definitely intrigued. More, including video, here.


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