September 20, 2012 § Leave a comment

The Daily Knell

In their latest attack on Bitcoin and “UN LETS currencies”, the Daily Bell apparently forgot to check some basic definitions and got schooled by their own commentators.

According to the Daily Bell, both Bitcoin and interest-free currencies are elite promotions. In fact, the elves at the Bell suspect both to be nothing less than “backdoor government psyops”.

But their feedbackers would have none of it:

–          ‘ This article deals in a lot of FUD and zero facts. Bitcoin undermines the power of central banks and the Elite. Why would they create a tool like bitcoin that undermines their own power base, the creation of money.’

Good question, which the elves did not attempt to answer.

The article begins by denouncing Bitcoin as “a pure electronic, fiat currency with no metals backing at all”. However, another feedbacker notes:

–          ‘ The author also makes the fallacious argument that bitcoin is “not…

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