people,
I have been following bitcoin developments,
I find them totally awesome & futuristic!
bitcoin: anonymous + decentralized + peer2peer electronic currency !
Its implications are tremendous !
Think about a stock market running on bitcoins !
we need not pay any stupid taxes and transactions go totally anonymous !
This alone is just mind blowing to me !
A business which need not jump through all government tax hoops,
and people can for the first time evade forced taxes on them!
For the first time, politicians and power brokers can't take the upside of bets and force the down side to public (eg: think about the losses of govt. biz they all fall in the heads of poor people but never on the guys in power who mismanaged it!)
and much more.... this is libertarianism on steroids !
anybody here is excited like me !?:clapping:
more philosophically:
This is first step towards managing risks properly, allocating financial responsibility of both down side and up side to the actual risk taker ! public need not pay for other guys mistakes once the forced taxes are removed which I think is fantastic !
I have been following bitcoin developments,
I find them totally awesome & futuristic!
bitcoin: anonymous + decentralized + peer2peer electronic currency !
Its implications are tremendous !
Think about a stock market running on bitcoins !
we need not pay any stupid taxes and transactions go totally anonymous !
This alone is just mind blowing to me !
A business which need not jump through all government tax hoops,
and people can for the first time evade forced taxes on them!
For the first time, politicians and power brokers can't take the upside of bets and force the down side to public (eg: think about the losses of govt. biz they all fall in the heads of poor people but never on the guys in power who mismanaged it!)
and much more.... this is libertarianism on steroids !
anybody here is excited like me !?:clapping:
more philosophically:
This is first step towards managing risks properly, allocating financial responsibility of both down side and up side to the actual risk taker ! public need not pay for other guys mistakes once the forced taxes are removed which I think is fantastic !
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