Thursday, November 06, 2014
Good news for Real Value
Bitcoin and its idiot relatives are still growing among techboy types and Useful Fool lefty Occupy types. It does appear that a few in those realms are starting to understand the obvious: Bitcoin was always and solely a tool created by governments to help them set up and monitor sting operations.
Plain old physical currency, paper and "silver", has always been the choice of people who like to have more personal control. When actual paper rectangles and metal circles change hands, the transaction is not automatically registered in NSA nodes. Even more important, physical currency reminds buyer and seller that REAL VALUE is being moved. It's harder to fool yourself with pure numbers when your hands can feel the weight of the value.
Many countries and cultures operate outside of abstract banking systems. To the world of abstraction this seems like a primitive self-imposed handicap, and until now the controllers of abstraction have tried to maximize the handicap, shutting cash out of more and more transactions.
Now Paypal is turning the other way. It's starting to provide ways for cash-handlers to connect with buyers and sellers in the abstract world. An American system called PayNearMe is already serving cash-lovers in North America; now Paypal will start serving real value types in Russia.
Real value cultures will win in the end, and this move may speed up the victory.
Yay!
¶ 3:00 PM 
Real value cultures will win in the end, and this move may speed up the victory.
Yay!
¶ 3:00 PM
