Current Events — HabitableZone

Current Events » in reply to It's a virtual gold standard

Geekcoin

The high tech community has done such a great job of securing and protecting our financial transactions and data from fraud, hackers, data pirates and other delinquents, both governmental, corporate and private. Then they turn around and offer to sell us software products we can use to protect our assets from their own depredations.

Now the pencil-necked geeks are devising a way to have complete ownership and control of the currency itself, and to virtualize it so unless you play their game by their rules with their equipment and their medium you can't play at all. And you know its going to cost, not just money, but time, effort, convenience, and risk. Oh, and yes, anonymity. Right, before I buy and sell anything with bitcoin I have to log on to the internet. What could possibly go wrong with that?

Like so much else these days, this is being sold to us as something that will make our lives more convenient and enriched. Bullshit. Its being introduced so someone elses life will be more convenient and more profitable. Where are the bleeding heart liberals, always so concerned for our welfare? Where are the libertarians, so eager to defend our freedom? Where is the free market, ever so ready to provide us with a friendlier alternative?

Robert, Robert, Robert. Please don't piss in my ear and tell me its raining.

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