Top Tweets for #DigitalDungeon

The Powers That Be see great potential in Bitcoin. 1) Bitcoin relies on the internet. They control the internet. 2) Public ledger. They can see everything you’re doing. With a few prudent regulations, good luck ever evading taxes. They could also put quotas on purchasing certain goods and shut down wallets at the point of sale by flipping a switch in a public database. 3) the entire network relies on increasingly complex application specific, dedicated circuits which are very expensive to manufacture. Control those chips, control the network. 4) at the very least it gets people used to the idea of a digital currency - something they’ve wanted to implement for a very long time, for the reasons above.