The best part of the article: "The music industry has seen its domestic revenue plunge by more than half in 10 years, from $15 billion to $7 billion..."
USD accounts can, and his startup will need those to operate and pay salaries. Apply a miniscule amount of logic instead of considering me an outright moron.
If you read my original post (good to see you didn't!), I mined Bitcoins for a while. How do you feel about that? I participated in the community you are defending and grasp its potential. Your binary "everyone who speaks out against Bitcoin has clearly never used it and doesn't know what he's talking about" attitude is hilariously stupid.
> Disruption of currency will NEVER be an achievement for humanity on the scale of ending the suffering of a gender or a race.
Modern day fractional reserve currency is THE main tool being used to enforce our current servitude, a servitude that most people are unaware that they're in. Running into our fourth or fifth generation of inherited servitude makes it difficult for people to recognize their condition.
What is it said by Goethe?:
"None are so hopelessly enslaved as those who falsely believe they are free."
Your points might be interesting if they weren't the basic talking points for every whacko "banks are the problem" BitCoin discussion that seems to be coming up.
You are not going to find much sympathy in a community of people that society is rewarding well for programming ability. I hardly consider what I like to do at a healthy salary servitude, but if you want humanity to revert to hunter-gatherers in chaos, knock yourself out.
Longterm economic servitude under the rule of banking-government complex has a small chance to be broken with this tool. Recall that the shortsighted among us also were fussing and fuming when email went from being in the domain of academic geeks to the unwashed masses.
Some people just dislike change for the better, I guess.
