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Bitcoin is a P2P currency that could topple governments, destabilize economies and create uncontrollable global bazaars for contraband.

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Sun, 22 May 11 1:44 AM | 120 view(s)
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http://launch.is/blog/l019-bitcoin-p2p-currency-the-most-dangerous-project-weve-ev.html

L019: Bitcoin P2P Currency: The Most Dangerous Project We've Ever Seen
DateSunday, May 15, 2011 at 12:37PM
Solid discussions of this piece on BoingBoing.net, Hacker News, Slashdot and Reddit.

Rob Tercek has a follow up to this piece here.


L019: Bitcoin P2P Currency: The Most Dangerous Project We've Ever Seen

by Jason Calacanis and the LAUNCH team

A month ago I heard folks talking online about a virtual currency called bitcoin that is untraceable and un-hackable. Folks were using it to buy and sell drugs online, support content they liked and worst of all -- gasp! -- play poker.

Bitcoin is a P2P currency that could topple governments, destabilize economies and create uncontrollable global bazaars for contraband.


I have come to realize that men are not born to be free. Liberty is a need felt by a small class of people whom nature has endowed with nobler minds than the mass of men. -Napoleon


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