re: Bitcoin Commentary from Krugman

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks." That was the message satoshi put in the genesis block...

"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts."-satoshi. Hard to say author is incorrect, but obviously not in a bad way