Check Your Financial Privilege
While those comfortable in the dollar bubble deride Bitcoin, the stories of three emerging market users demonstrate why it is so important.In the eyes of most Western elites, investors, journalists and academics, Bitcoin rates anywhere from an annoyance to a disaster.Just a few days ago, American billionaire Charlie Munger described Bitcoin as “disgusting and contrary to the interests of civilization.” Warren Buffett, once the world’s richest person, sat next to Munger in obvious agreement. He has said Bitcoin is “a delusion” and “rat poison squared,” and has warned that he is sorry about....
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ThinkProgress has published a blistering critique of bitcoin called Bitcoin: By The Privileged, For The Privileged. It's full of misunderstandings, misinformation, and, most distressingly, a few points that are actually really spot-on and important for bitcoin foes and friends to understand. The piece points out the unfortunate fact that bitcoin is now primarily held and used by the most privileged people. This is unfortunate because its greatest promise, I would argue, is for the people at the bottom. The fallout from an argument made ignorantly is that people who know better then feel....
Wise during his AMA (Ask Me Anything) on reddit, where fans asked him questions and he answered. Recently I had the privilege of speaking to Josh Wise, driver of the Dogecar. Wise will be racing at Aaron's 499 today, May 4th. I can say from talking to him both on reddit and over the phone that he's a nice and funny guy, and that he's extremely active with the Dogecoin community. If your question wasn't answered, you can check one of his two AMA'S (Ask Me Anything) on reddit, or message him on reddit. Here's the interview: Did you know anything about Bitcoin or Dogecoin or any other digital....
According to security researcher and white hat hacker, Chris Vickery, a copy of the World-Check database was leaked online. According to reports, the leaked information is now being sold on the dark net by hackers for a substantial amount of bitcoin. World-Check Database For Sale. The World-Check file cache contains millions of people’s profiles, and of....
*This article originally appeared at Bitcoin Not Bombs. With the media frenzy in full tilt after the closing of MtGox, there have been quite a few articles coming out declaring the death of bitcoin and an equal number reassuring us that it will be just fine. I won't link to the former ones because they're so painfully uninformed and rely on tired scare tactics. I have come across one article of a different vein, though, and it seeks to bring in thetoxic philosophy of privilege checking as a critique against the Bitcoin community. I could wax philosophic about the specific problems with the....
As the USD’s reserve currency status crumbled, the U.S. will abandon globalization and adopt a bitcoin standard.