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How the Political Class See Bitcoin: We Must Apply Our Services!

By: Fergus Hodgson - @FergHodgson - Apr 17, 2014, 1:43 pm
bitcoin-cartoon
Source: Libertarian Nuts.

Regulators in various countries — including the United States and Canada — have been circling bitcoin. They’ve even attempted to ban it in Colombia. I have two messages for them: (1) you will fail, because bitcoin is decentralized, and there is no head of the snake to cut off, and (2) your actions demonstrate how your motives have nothing to do with the will of constituents.

As Javier Garay aptly noted in his recent column, “Bitcoin: A Weapon for Destruction of the Money Monopoly,” those cracking down on the cryptocurrency are merely defending the fiat-currency racket.

Fergus Hodgson Fergus Hodgson

Fergus Hodgson was the founding editor in chief of the PanAm Post, up until January 2016, and he now studies finance at Tulane University in Louisiana and Francisco Marroquín University in Guatemala. Originally from New Zealand, he has also lived in Argentina, Canada, Colombia, Ecuador, Ireland, and the United States. Follow @FergHodgson and his Facebook page.