The Politics of Bitcoin: Software as Right-Wing Extremism by David Golumbia

Author:David Golumbia [Golumbia, David]
Language: eng
Format: epub
Tags: BUS027000 Business & Economics / Finance / General
ISBN: 978-1-4529-5421-9
Publisher: University of Minnesota Press
Published: 2016-08-25T16:00:00+00:00

Cashing out [from Bitcoin] into USD would only devalue the transactions. The goal is to eliminate cash money in order to eliminate inflation based off printing Monopoly money printed by Governments. It seems far-fetched, but finding a supplier in a Country that I can buy goods for resell that accepted Bitcoin would allow me to earn 5% more right away. And selling to someone who would pay with Bitcoin would just increase the value of the goods sold. I will be able to buy for less and sell for less, others will have to pay more and sell for a higher price thus, feeding the Government its entitled fixed percentage of your business that they control by inflating the currency they provide. STOP letting the Government be the middlemen, they don’t have our best interests at hand.

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