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Alex Jones: Did you just say that Bitcoin is the “Cyber Christ?”
Max Keiser: Satoshi Nakamoto is the name of the developer who released Bitcoin in 2009. I call them the “Cyber Christ” because he, potentially, is so much of a game change at this point. It’s such a quantum leap away from the Federal Reserve system that is killing economies around the world, the we are going to have a massive, global, coming-to, an understanding, a revelation, that finally we’re going to escape the nightmare that is the central bank system.
Centralized financial systems already denied the right of control to national states (look what the troika did to greece for example) and deposed the people as the highest political body of our nations via lobbyism/banking corruption. This idea that countries should impose more control over their economies and not allow “absolute autonomy” is flawed.
Giving more control to national states won’t help, since they are already corrupted by the debt-based money system that they depend on for power, and indeed, are themselves products of.
The only way out is to give the political power back to the people by limiting the power of said centralized political and economic systems. The Vatican council proposes a global financial authority, when what is really needed is exactly the opposite.
The Pope may speak against the “cult of money” but his Office is as much a symbol of this Money Cult as the golden calf was a symbol of the fertility cults that flourished 4000 years ago. The golden calf is the symbol of the Age of Taurus and points back to very matriarchal and feminine age in which humanity began to master agriculture and survival needs. In contrast, the image of the Pope on his thrown is a symbol of the money cult and their hierarchical false authority over mankind.
To many people, this sounds like an implausibly rosy future, and for early adopters that is true — it feels like winning the lottery every day. However, for most other people, the ascendancy of distributed currency systems will feel like a disaster. … the rise of distributed currencies such as bitcoin could create massive social upheaval due to governments’ rapidly degrading capability to fulfill their core functions of taxation and regulation of commerce.
Originally posted by winofiend
I can't mine btc as the hardware requirements are just stupid.
So I go for alt-coin scrypt based coins.
So far, feathercoin is doing well. At the time of writing, 5.5 million feathercoins had been created. Mining pools have already been created, and the cryptocurrency is gaining value over litecoin. Its difficulty has also increased quickly (difficulty reflects how much computing effort is needed to find a new block for a given coin), and continues to increase with the number of people mining the coin. Feathercoins took one week to reach the same level of mining difficulty that litecoin reached in a year. “To see feathercoin get to the difficulty level that litecoin took a year to get to, in a matter of weeks, is amazing,” said VanHazinga.
The only difference between FeatherCoin and LiteCoin is the number of available coins. This is not an improvement... It's a gimmick... Chances are this coin has been premined and the owners plan on cheating the system like so many other altcoins. LiteCoin and BitCoin have a proven reputation. There's no need for a second 'silver' coin, it is doing well now, but for how long? Forking the source code and changing one feature is hardly considered revolutionary.
I think FeatherCoin can take their success and run with it by adding ZeroCoin [sco.lt...] to their blockchain. If they did this, those who claim FTC is a gimmick would no longer have ground to stand on. Mover, it might even have the potential to overtake BitCoin in popularity... or at least distinguish itself as the first completely 100% autonomous crypto-currency on the market.
Find more articles on Feathercoin here: www.scoop.it...