Could the Wikileaks Scandal Lead to New Virtual Currency?

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It’s not an exaggeration to say that the recent Wikileaks scandal has shaken the Internet to its core. Regardless of where you stand on the debate, various services have simply refused to handle Wikileaks’ business–everything from domain-name providers to payment services–and this has led to many questioning how robust the Internet actually is.

Hackers have already stated their aim to create their own DNS system, which will bypass officialdom. This uses peer-to-peer technology to get around the problem, a favorite of hackers because it’s impossible to regulate.

But how about an entire currency based on peer-to-peer technology?

That’s what’s on offer from Bitcoin, a decentralized virtual currency that could either be the best idea since they figured out how to slice bread, or just another hacker’s daydream. As the Wikileaks debacle continues, it’s being increasingly discussed in various sections of the Web as a possible solution to the PayPal online payments monopoly.

Bitcoin is the creation of Japanese programmer Satoshi Nakamoto, and is a real, actual currency through which you can buy services and goods, right now. If you don’t believe me, take a look at the Trade section of the Bitcoin website.

POD Research: Interesting Read: https://www.pcworld.com/article/213230/could_wikileaks_scandal_lead_to_new_virtual_currency.html

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In this relentless transformation of money, there are some casualties. Those who do not have bank accounts and have no access to the world of electronic money must rely on cash to live. But in a universe where bits are king, cash is an expensive commodity — and having to depend on it will trap people in poverty. So the money revolution is likely to widen the gap between rich and poor. Revolutions are rarely fair, often unpredictable, but usually irresistible. The rise of Payment Coin (POD) is no exception. Take part today, tomorrow maybe too late.