Very well could be a scam. We will see. I am actively researching the bitcoin right now.
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What Will Collapse First, Bitcoin or the Dollar?
http://dont-tread-on.me/what-will-collapse-first-bitcoin-or-the-dollar/
By Silver Shield, on June 7th, 2011
I have been inundated with all of this talk about Bitcoin. I first stumbled upon it a few months ago and made a snap judgement that is smells like BS and looked no further into it. Now that I have been asked by multiple sources to either endorse it or ask my opinion on it, I looked into it further. What I found makes me believe this is another Elite concoction designed to fool people .
When Wikileaks first came on the scene, I immediately fell for it hook, line and sinker. In theory it sounded awesome. Secretive hackers created a site that allow secrets to be revealed while keeping the whistle blower’s identity safe. It had a multilayer protection that would prevent it from being shut down. It even had a cool James Bond character in Julian Assange, that made the story so intriguing. The longer the story played out, the more I became concerned that this was an elaborate scam. (Read: Beware of Patriot Pied Pipers) After a while, my suspicions we confirmed. (Read: Wikileaks: CoIntelPro PsyOp) Now that I look into Bitcoin, the same suspicions arise again. It has all of the elements of a great freedom idea. It has decentralization, open source, peer to peer, privacy, and debt free money. The more I look into it, the more it reeks like a high level scam. In this hour long YouTube video there is an interview with two leaders of Bitcoin, Gavin Andresen and Amir Taaki.
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