Comments on: The (mostly illegal) bitcoin economy is vastly inflated through price fixing https://blog.p2pfoundation.net/the-mostly-illegal-bitcoin-economy-is-vastly-inflated-through-price-fixing/2013/09/14 Researching, documenting and promoting peer to peer practices Sun, 15 Sep 2013 15:55:21 +0000 hourly 1 https://wordpress.org/?v=5.5.14 By: @mikeriddell62 https://blog.p2pfoundation.net/the-mostly-illegal-bitcoin-economy-is-vastly-inflated-through-price-fixing/2013/09/14/comment-page-1#comment-550492 Sun, 15 Sep 2013 15:55:21 +0000 http://blog.p2pfoundation.net/?p=33208#comment-550492 Excellent article, thanks.

Bitcoin isn’t over-valued just because it provides liquidty to drug-pushers, money-launderers and people traffickers, it’s over-valued because it’s ‘purpose’ doesn’t chime with the vast majority of market-players whose moral and ethical standards value different things.

However, Bitcoin should be given credit for what it has achieved. It has paved the way for a new generation of ‘money’, and for that it should be congratulated. Maybe that was it’s purpose in the first place?

Either way, community currencies/alternative currencies/complementary currencies are here to stay. An army of ethical currency developers are putting their own money, blood, sweat and tears into developing their own versions of Bitcoin to make the world a better place.

Making a difference is what counts these days. And making a difference that can be measured is for me, the only game in town. Everything else is more of the same and that’s something we don’t want no matter who we are or where we’re from.

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