[ExI] Bitcoin

Eugen Leitl eugen at leitl.org
Fri Apr 5 16:20:42 UTC 2013

On Fri, Apr 05, 2013 at 08:31:18AM -0700, spike wrote:

> I must wonder about it however: Cyprus took 10% of their biggest depositor's
> money, apparently under direct orders from Germany, who is understandably

Germany consists of a thin class doing well economically and a rising
underclass (it has been a low-wage country since early 1990s) and
a shrinking middle class. The elites play them like the fiddle.

> tired of footing the bill for Cypriot profligacy.  A casual observer can see
> if that can happen in Cyprus, Greece is next, then Ireland, Portugal, and

It will happen everywhere. Including the US. 

> eventually Italy.  So the money wants out of there.  Flee to bitcoin and
> California tract shacks?

Bitcoin is a negligible player. 

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