Interesting that localbitcoin are offering a 'blue market rate' on their site, but this is short on analysis. Try Jon Matonis' article here (but bear in mind Mr. Matonis is a major BTC supporter): http://www.forbes.com/sites/jonmatonis/2013/04/27/bitcoins-p...
This is a far more interesting aspect of Bitcoin than those of anonymity, Silk Road and ending dollar hegemony: offering citizens a way around their government fscking with their currency. This is a huge benefit that those of us living in stable Western democracies might have a hard time appreciating, and I'm hard-pressed to see a downside.
Furthermore, the more acceptance bitcoin has for this purpose, the more jurisdictionally-distinct exchanges it gains, and the harder it becomes to shut down.
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[ 5.6 ms ] story [ 13.9 ms ] threadThis is a far more interesting aspect of Bitcoin than those of anonymity, Silk Road and ending dollar hegemony: offering citizens a way around their government fscking with their currency. This is a huge benefit that those of us living in stable Western democracies might have a hard time appreciating, and I'm hard-pressed to see a downside.
Furthermore, the more acceptance bitcoin has for this purpose, the more jurisdictionally-distinct exchanges it gains, and the harder it becomes to shut down.