The conventional money system is just as corrupt. People have no idea how crazy and immoral our financial systems are. Quantitative easing is one example.

Perhaps the ruling class have less control over bitcoins so they're using their media to have a strop.

Fortunately i have not had to go outside the dollar.

Apple pay uses many of the algorithms from BTC's block chain, and there are other important emerging uses. CatSquared is a software company here in AR that uses it.

I guess I sound like a BN someone making the claim that Tang, cordless drills, and Velcro justify the space program.

Exactly, why should they bear the cost? It's not like they pay, since it's the people who are mining who have to foot the electrical bill and do the recuperation.

I think the benefit overall to technology is great But just like unbridled capitalism there is a downside.

The banking and housing collapse and following great recesssion shows we need regulation.

Regulation is something greedy unscrupulous folks do not want. The fact the gop and 33 dems rolled back the provisions of Dodd-Frank should be a warning.

The happy balance needs to be found and until that happens I think the stay is a good idea.