The bitcoin protocol is about mining bitcoin, not pricing bitcoin. There is nothing in the protocol about establishing a market price for bitcoin; you need a market for that, but what if all the exchange markets are shut down?
I believe the world economy will crash when Russia or China moves to a gold-backed currency. They know that when this thing blows, the old law returns: he with most gold makes the rules.
There are three main controllers of power here in Britain: the political establishment in Westminster, the BBC (MSM), and the Bank Of England.
By tying minimum wage to money supply, the poor's income would rise and fall with the rise and fall in money supply.
As money, Bitcoin achieves two objectives; it's both a unit of transaction as well as being a store of value. The U.S. dollar, for example, is a unit of transaction, but it is not a store of value.
Tony Blair personified the shift away from democracy, towards control by bankers.
