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Bitcoin: Virtual Fool's Gold

Fool's Gold

The sales pitch for Bitcoin could be; "money without banks". Not only can you conduct financial transactions without some regulating authority (and by implication do so anonymously), but you can also mint your own money from nothing. It's an economic utopia which liberates us from both corporate and government control, whilst eliminating poverty.

The reality is very different, both in principle and in practice.

The Fallacy of "Freedom"

Corporate Tank

We Bring You Freedum!

And how it directly opposes democracy


Charles Manson had "freedom". Adolph Hitler had "freedom". Osama bin Laden had "freedom".

So too do the banksters who raped us for billions, the oil barons and weapons manufacturers that drive the war economy, and the world's richest 67 people, who between them hoard the same wealth as the poorest 3.5 billion (all of which they accumulated by stealing the profits of other people's labour - i.e. capitalism).

"Freedom" is not a noble aspiration, it's something you do when you don't give a damn about other people. It's the creed of predators.

Secure File Encryption

GnuPGHere is an example of how to securely encrypt files under GNU/Linux, using GNU Privacy Guard, with particular respect to revelations made about the NSA by Edward Snowden and others.