Thursday, June 20, 2013

Movement on the Bitcoin front distinguishes adapters and conservatives in dealing with the cryptocurrency

Where the US is concerned about not having control over the bitcoin, other states seem to embrace the concept of an open and anonymous currency; the way cash used to be. And as in recent concepts the united states either lock it away / shoot it dead or treat it with ignorance and lies. Currently i would say it is still the ignorance phase, though as china emerges on the same playing-field as a heavy investor the first "lies" are being heard. Still in the philistine form of concerns about child porn and terrorism but the moral card is the only one that seems to work in the stars and stripes country. Choke on this, prism.
Anyhow. Asia seems to embrace the "new" currency as the state-run television channel cctv reported in several installments about the crypto-currencies seemingly embracing it, and a large australian retailer has taken steps to allow purchases with Bitcoin in their online-shop. A spokesperson of the retailer (Millenius) has revealed that the company plans to pass the savings of the bitcoin transactions back to the customers. Credit cards and other payment forms and portals charge fees from about three percent which do not occur with Bitcoin payments.
I support all these actions in general, though i fear that the banks will smell lost profit if the Bitcoin stays and if cut out from a regulatory system the same banks proposed they will most likely make "their" money back in fees on the transactions from money to Bitcoin. Let's work on it so this does not become true!
Here are the sources of the articles:
www.ibtimes.com
www.techradar.com

That's nations interests on the table there and you would be unwise to stick your head in the sand. Bitcoin, Litecoin and their peers are real and you can have 'em too. If you don't fancy buying them for loads of cash you can always pop by on this blog, use the Bitcoin Grabber tool and collect free Bitcoin from all the faucets without leaving this page. The tool is updated regularly so if you have any suggestions please leave them in the comments. Btw - i have implemented the live ticker of Mt.Gox in the sidebar of this blog. On pageload you get the latest data about the worlds biggest Crypto-currency exchange.

Thank you suspicious observers and see you soon forum!

regards,
Tim

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