Bitcoin threatens kleptocracy and through that bitcoin saves capitalism

[DonCoquixote]

31. The jury may still be out on BC, but

BC arise because of a need. The fact is, the UD dollar, and for that matter, most currencies, are on shaky ground, because they are linked to the poltical fortunes and mistakes of the countries that print them. The Yuan, the Dollar, the Euro, all have taken hits because of political squabbles. There is a place for an international currency, that one country cannot abuse. That is why Russia and China are buying Gold, they want to make a new currency to dethrone the Yankee Dollar. Of course, even this new currency would be run by a state, which means it would suffer.

Bitcoin is not the solution to that, as it is very much a tax dodge/libertarian fantasy right out of Ayn Rand's maggot infested brain. However, that does not deny the fact the worls could use a stable, international currency.