24 karma · joined April 6, 2013
These "rich-getting-richer" addresses may actually be held by businesses, and the reason they are gaining more links and BTC is because more people are storing their BTC with that business.
The study doesn't provide nearly enough evidence or context to justify MIT Tech Review's politically-loaded rhetoric. There are ways to report on the Bitcoin network without mucking it up with divisive classist rhetoric.
B) Heritage is staunchly conservative, NOT libertarian.
However that doesn't mean developers can't be really good designers. Anybody can learn how to emulate the good design of the present and create products which fulfill the design demands of consumers.
I don't think it's surprising that the majority of established media companies lean in a certain political direction. People on one side of the political spectrum may be more attracted to journalism than the other side, which would naturally lead to media companies producing journalism more sympathetic to the political arguments that their employees are sympathetic to.
That's one of the reasons I'm really enjoying the new Vice show on HBO -- they're covering topics nobody else is touching, they don't censor or clean up the horrific aspects of the human behavior they're covering, and their presentation doesn't try to pretend that their reporters are anything other than human beings who possess their own viewpoints (rather than "objective" beings capable of transcending their own subjective perceptions and beliefs, like poor CNN still claims).
For US political news realclearpolitics.com is pretty good. They also aggregate news on other topics but I haven't explored those personally.
There are plenty of legitimate arguments that can be constructed against the idea of an inherently inflationary currency too.
There are many, many costs associated with securing the integrity of established financial networks too.
Now that it's been linked to Cyprus there's an increased probability of Bitcoin being discussed in reference to future Eurozone economic events. Which means more mainstream awareness & more potential adopters.
I have a hard time seeing Bitcoin going away in the near future. Even if it's a bubble, and I have my doubts about that, odds are we have yet to reach the peak.
It's political nature also holds a lot of potential. There are some very, very discontent people all over the world, both Western and non-Western. Segments of the Greek population have latched onto neo-nazism -- is it really that unrealistic that another desperate population might latch onto Bitcoin?