{"id":33409,"date":"2013-05-14T11:42:00","date_gmt":"2013-05-14T10:42:00","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/breaking-news\/crypto-currency-or-kryptonite\/33409\/"},"modified":"2013-05-14T11:42:00","modified_gmt":"2013-05-14T10:42:00","slug":"crypto-currency-or-kryptonite","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/breaking-news\/crypto-currency-or-kryptonite\/","title":{"rendered":"Crypto-currency or Kryptonite?"},"content":{"rendered":"
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Max Keiser, the host of RT’s \u2018Keiser Report,\u2019 is a former stockbroker, the inventor of virtual specialist technology and co-founder of the Hollywood Stock Exchange.<\/p>\n<\/p><\/div>\n

News that Bitcoin had its first 70,000 transactions-in-a-day this week has Bitcoin bulls excited.<\/p>\n

Since passing a $1 billion market capitalization a few weeks
\nago, the crypto-currency has burst into the mainstream media with a
\nvengeance and has even garnered reactionary froth from conspiracy
\ntheorists who view this new money as the work of nefarious
\ngovernment agents. Yes, Bitcoin has gone \u2018big time.\u2019 By the way, I
\nfirst started Bitcoin when they were $2 and I am sticking to my
\nintermediate target of $300 (with an eventual price target of
\n$100,000+).<\/p>\n

What \u2018pro-liberty\u2019 detractors fail to understand is that Bitcoin
\nis kryptonite to the unelected ‘banksters’ who consider themselves
\nthe Supermen that run our lives. You would think Bitcoin would be
\nmusic to the ears of anti-government types. Unfortunately, most
\nso-called Libertarians don\u2019t have the intellectual chops to
\nunderstand Bitcoin. Technology stopped evolving for them with the
\ntelephone and most see anything involving advanced mathematics as
\nthe work of the \u2018state\u2019 devil.<\/p>\n

So, because Libertarians are basically asleep when it comes to
\nBitcoin, the ‘banksters’ continue unchallenged as they rig LIBOR,
\nenergy markets, CDS, gold, and silver without any chance of
\nprosecution for laundering hundreds of billions for drug cartels,
\nillegally foreclosing on millions of homes, buying influence in
\ngovernment, or outright election rigging.<\/p>\n

To challenge the New World Order you need something like
\nBitcoin: the New World Disorder.<\/p>\n

Bitcoin is decentralized. They are extremely rare. They are
\nmoney, and can move money around the world outside of government
\ninterference. They can be anonymized. They are extremely portable
\nand they are the currency that is forming the bedrock of whole new
\nindustries and companies created by people who – unlike the whining
\n\u2018anti-globalists\u2019 – have a real shot at challenging the status quo
\nin a way we haven\u2019t seen since Gutenberg\u2019s press.<\/p>\n

Bitcoins are Kryptonite to the ‘banksters’. Bitcoin destroys
\nmost of their profit margins and so destroys their ability to
\ncorrupt the economy. In other words, the Federal Reserve Bank is
\nabout to be \u2018disintermediated\u2019 by Bitcoin the same way BitTorrent
\nrevolutionized the music and movie industries.\u00a0<\/p>\n

Wealth is about to be redefined and I encourage everyone to do
\nyourself a favor and get yourself some Bitcoins.<\/p>\n

The statements, views and opinions expressed in this column are solely
\n\t\tthose of the author and do not necessarily represent those of RT.<\/p>\n

This article originally appeared on : RT<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Max Keiser, the host of RT’s \u2018Keiser Report,\u2019 is a former stockbroker, the inventor of virtual specialist technology and co-founder of the Hollywood Stock Exchange. News that Bitcoin had its first 70,000 transactions-in-a-day this week has Bitcoin bulls excited. Since passing a $1 billion market capitalization a few weeks ago, the crypto-currency has burst into […]<\/p>\n","protected":false},"author":1,"featured_media":33410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[487],"tags":[],"class_list":{"0":"post-33409","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-breaking-news"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/33409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=33409"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/33409\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media\/33410"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=33409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=33409"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=33409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}