Stealing from Savers
With some Governments now contemplating, if not justifying, in the case of Cyprus, the theft of private savings, is it time to consider some other form of doing banking and business?
One such method, which has been around since 2009 is www.BitCoin.org. Albeit the WEB based BitCoin is unproven, it is nevertheless a very interesting first draft alternative to a current world banking system which has historically proved itself to be unreliable, unstable, dishonest, badly managed, and interfered with by many governments world-wide.
I would appreciate hearing from readers if they have some knowledge of this system.
Ruth B.... sent me the following link which has some interesting insights into how BitCoin is being used and abused. Thanks Ruth :