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Jim C.
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Armory and the Monetization of Bitcoin Wallets - Jon Matonis - The Monetary Future

I recall two news stories within the last year of bitcoin failures though I can't say how serious or prolonged. And in at least one case the US Government stepped in either from perceived fraud or to prevent any competition. This is a hint that the Government may step in at any moment and seize accounts for any 'justified' reason. In any event there is nothing to prevent multiple bitcoin companies from 'mining' coins and I'm not sure how that's going to work. Two renowned, but non-mainstream economists, have opposing views: Martin Armstrong has recently advocated a new global digital currency -- though as yet given no specific details of how it will work. Opposed is Jim Sinclair who sees a new gold standard emerging from the fiat rubble in the not too distant future. My 'money' is with Sinclair.

Bitcoins have emerged from the on-going dilution of our currency by the FED and a sense that something other than fiat, and independent of Government control, needs to be a new means of global transaction. The problem, again, is that Bitcoins are NOT free of government control or terrorist hacking or just plain private fraud as those recent stories have suggested.

I'm sticking with silver coins (in my possession) for now.

Commented 3860 days ago

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Beginning of the headline :A group of prominent investors recently made a play in the bitcoin wallet space by backing startup Armory Technologies, Inc. The $600,000 seed round investment will go mostly towards funding and expanding development. Interestingly, this placement brings into focus a much larger issue: the monetization of bitcoin wallets. It’s no mistake that Armory founder and CEO Alan Reiner told CoinDesk: “This first 12 months is more about developing a quality product than it is figuring out how to mone... Read More

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