The invisible economy is not affraid of new invisible economies,
they can just kinetically co-opt it.

My opinion is the military-capital-industrial complex is terrified
of transparency, and this is what makes bitcoin and it's derivatives
that can be tracked so disruptive.

Of course, if you want to outspend 'the complex', you actually need
people to realize they have a choice in what currency they spend.


On Mon, Sep 29, 2014 at 05:33:04PM +0200, Bezdomny wrote:
> Total value of Bitcoin at the moment is around 4BLN euro,
> US annual military spending is almost 700BLN dollar.
> What could they possibly be afraid of?
> An interesting idea would be something called “TrillionCoin” whose sole purpose would be to outspend the US defense budget, like Reagan *claimed* to have bankrupted the soviets (not true at all) out of the cold war, perhaps TrillionCoin could bankrupt capital since it’s based solely on military power. Actually, all this is quite laughable because only 1/3 of world economy is visible, 2/3 are illegal things done on transnational scale: arms & drugs. The rest of the scraps we are arguing over (mortgages, loans, tuition, bla) are really nothing in comparison to the amount of invisible commerce done at high levels, and this is what provokes fear of bitcoin, the fear that another invisible economy could exist in parallel to the “official” invisible economy.
>
> On Sep 29, 2014, at 4:55 PM, Amir Taaki <genjix@???> wrote:
>
> > On 09/29/2014 01:57 PM, Troy Benjegerdes wrote:
> >> http://www.nbcnews.com/storyline/isis-terror/u-s-military-probing-digital-currencies-terror-fight-n212371
> >
> > Holy shit, why was I not invited to this event?
> >
> > _______________________________________________
> > unSYSTEM mailing list: http://unsystem.net
> > https://mailinglists.dyne.org/cgi-bin/mailman/listinfo/unsystem
>



> _______________________________________________
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-- 
----------------------------------------------------------------------------
Troy Benjegerdes                 'da hozer'                  hozer@???
7 elements      earth::water::air::fire::mind::spirit::soul        grid.coop

      Never pick a fight with someone who buys ink by the barrel,
         nor try buy a hacker who makes money by the megahash