A bit more on Bitcoin – innovation suppressed???

A commenter on our previous post about Bitcoin attached a video which we think warrants more attention. Watch this Charlie Shrem interview below:

Just a bit more than a year ago, I embedded a video in a post about a similarly brilliant computer geek, Aaron Swartz, 26, a brilliant young man who was in on the ground floor of making the Internet useful for the rest of us. We thought of him when we saw the Shrem interview above. Please view it again via the above link.

Here’s a fairly simple description of how Bitcoin works, “Ignorant FBI Agents Realize They Can’t Open Bitcoin Digital Currency Wallet with an explanatory video.

Dear readers, we need to support our brilliant young people, most in their 20s, full of ideas and enthusiasm. Their innovative creations can get us out of the economic doldrums and bring freedom to those who want it.

Think about what our life would be like if the government had suppressed Bill Gates and friends; Steve Jobs and friends; the Hewletts and the Packards; the Wright brothers, bicycle mechanics for goodness’ sake!; Henry Ford, another bicycle mechanic; and all the other innovators, both famous and unknown.

Using outdated, useless, state-empowering anti-drug laws to stifle innovation is like using the IRS and income tax law to take down alleged criminals violating anti-alcohol laws which were soon to be repealed, or to intimidate political activists, like the Tea Party movement.

These government goons can’t stop freedom fighters or innovators, they can only slow it down a bit, while enraging us and bringing sympathy and publicity for the creators. Look at what is happening in Ukraine right now. That will be in my next post.

Freedom-lovers of the world: it’s time to link arms.


About InvestingforOne

I've been investing in various assets by myself using a discount broker for many years. Over that time, I've developed some theories that others might find useful. Plus, there is more to investing than money. Time, talent, work, friends, family all go into developing a good and satisfactory strategy.
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