FBI Fears Bitcoin’s Popularity with Criminals

Several points.

1. If you do business with a crook, have you done enough due diligence? Will he steal your money and run, without giving you what you paid for? Initially, a lot of gullible people will lose funds by using Bitcoin. Of course, they have lost a lot using the U.S. dollar.

2. If you can make and use Bitcoin, you can make and use Bit-anything - Bit-email, Bit-website, Bit-gambling, Bit-blog, Bit-etc.. Consider The Onion Router. But you can't make Bit-location for real stuff. You can't buy a refrigerator using Bitcoin and hide the address of the sender and the manufacturer when you receive it. For physical stuff, there is always some kind of "paper trail."

3. Probably the largest use of Bitcoin will be for money laundering. However, most of the time, the term "money laundering" is used by "authorities" to refer to some form of legalized, governmentally accepted, form of Ponzi pyramid scheme, where the Government and the big bankers screw their citizens, the people, royally. This means that the more people use Bitcoin, the more the governmental and banking Ponzi schemes are threatened. Because of this, governments will use all kinds of propaganda to de-popularize things like Bitcoin - including this article, above.

4. We are in for a whirlwind of Government backed terrorism that will attempt to keep us within their management. The usual form that this follows is, GOVERNMENT WILL ACT TO PROTECT US FROM TERRORISM THAT GOVERNMENT CREATES. In other words, it will be like a gigantic Maffia protection racket multiplied hundreds of times over... done by our government to us. It's been done to us already, for a long time, in things like WWII and the other wars, Ruby Ridge, Waco, Oklahoma City, 9/11, and others, but it will get worse.

5. One of the most important things to do is to continually develop all kinds of real-life needs for the Internet, for computers, for electronic communications. And the most important area is to develop these uses with Government people, with those who provide the necessities of life, and with those people who earn their bread and butter from supplying us with little or nothing but receive great amounts of our money for it - the ruling class. Why? Because once electronic communications become so imbedded in their lives that they have no other way of making money, they will be the ones who make sure that the Internet is always around. And we will always be able to use it to turn the tables on them and free ourselves.