| submitted by /u/Micaiah12
Alexander Vinnik faces decades in prison for his alleged role in the Mt. Gox hack.
The post Alleged Bitcoin Launderer and BTC-E Admin Likely to Stand Trial in U.S. appeared first on CryptoCoinsNews.
I hate to be angry at (some of) the bitcoin community but right now I cannot avoid but being so. JP Morgan is a multinational bank that invests OUR money and then makes profits off it by investing and then gives us 1% return on its investments, and artificially boosting investments if they don't go their way. By panic selling, you are giving them the power to manipulate our currency against theirs. This guy has a vested interest to maintain power to the banks (the elite few) who control the vast majority of our money. Bitcoin goes against that in every way, removing the middleman for transactions (i.e. him). I cannot fathom how this is causing a panic sell, it's a banker… (switch the b to a w to know how I feel about that).
Very often in various online discussions, people cite the word “cash” from the Bitcoin whitepaper title as evidence that Bitcoin should be used for everyday transactions.
I’ve seen mentions that the term “Electronic Cash” as it appears in the whitepaper title has a very specific meaning in the cypherpunk/computer science community. I’ve tried looking for a definition online, but I couldn’t readily find a more elaborate definition of the term.
What is the meaning of “Electronic Cash” in the computer science lingo?