This video was very informative. It contrasted the issues that - TopicsExpress

This video was very informative. It contrasted the issues that plagued centralized virtual currencies. There were even virtual currency that were completely backed up the gold standard. That is to say, there value was based on the value of gold directly - which American dollars no longer to. Of course, the American government cracked down on this and other examples. The only reason why the American government hasnt cracked down on bitcoin is because it cant. There is no one to order around. There is no one to send warrants to. You can arrest a million people and still not kill it. Thats the same thing for all peer-to-peer networks, but in this case the technology is providing for a real need. I fully believe that it has the potential to become the worlds reserve currency.

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