Thursday, December 18, 2014
#0 Stefan Molyneux: The Hidden Dangers of Bitcoin
The copy posted on YouTube said this: “Bitcoin is a revolutionary decentralized architecture which can be used for an untold number of incredibly valuable services – including the transfer of financial value. As Bitcoin adoption continues to expand, significant interests are threatened and early users could face an incredibly dangerous backlash. Please protect yourself, a fight is coming…”
We do have some differences with Stefan (most are insignificant), but our major concerns with Bitcoin are that 1) it is just another commodity based currency, therefore subject to speculation and 2) it is still not YOUR money. We consider these significant issues which shall be covered in a forthcoming paper concerning frauds, scams and other methods of stealing “financial value” from you. Stay tuned.