Re: [Ilugc] Off-topic: Bitcoin's Potential for Social Change
Tanveer Singh <web-FhPCXOQzHemf0DUV/[email protected]>
| Newsgroups | gmane.user-groups.linux.delhi,gmane.user-groups.linux.mumbai,gmane.org.user-groups.linux.ilugc |
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On Sun, May 12, 2013 at 9:40 AM, Supreet Sethi <[email protected]>wrote: > It does provide safe haven for parking > mafia money which may end up putting a bad name for all transactions with > bit coin. > Swiss banks, Cayman islands, are safe havens for all kinds of money. I don't think any name you call them will hurt. And "media darling". Mainstream media does not even cover it properly. People who read mainstream media don't even use it. Its a niche. And to understand why its a niche which is needed you have to first understand the concept of freedom.In a democratic republic, where you are free, the govt can still ban your cards, and deny you financial independence(kind of what happed to wikileaks) Bitcoin is one mechanism, which allows you to circumvent the govt. Coming to the argument of mafia and illegal markets. Think of it this way. You can use ssh tunnels for secure communication with your criminal friends.Does it make SSH evil?