Category Archives: Opposing Views
Food for thought from TomatoBubble.com…
Starting back in 2014, we began noticing more and more requests to post a “Bitcoin” button that would allow readers to donate to TomatoBubble.com with the hot new “crypto-currency” worldwide payment system. Bitcoin and other rapidly emerging cryptos are a form of “decentralized” digital currency, as the system works without a Central Bank or a single administrator.
The Bitcoin network is person-to-person, with transactions between users taking place directly through the use of cryptography only. Bitcoins can be exchanged for other currencies, products, and services. The transactions are automatically verified and recorded in a publicly distributed ledger called a “blockchain.”
At first, it seemed like a good way to work around PayPal and fly under the IRS radar, but we just never got around to getting involved because we figured the Feds would eventually catch up to such a “peoples’ currency” and shut it down anyway. But now, lo and behold, Bitcoin mania is being heavily promoted by the great and the good of the PRC (Predatory Ruling Class) — so much so that a single $1 of Bitcoin purchased a few years ago is today worth about $65!
Be sure to continue to read at the source: TomatoBubble.com