The world has gone mad or what we thought as sanity is not really
far from madness? This is how silly their value system is that one does not really need to dig mountains, melt ore, have vaults, and make laws and rules to create value. One can seat on their PC and harvest/mine coins that are not made out of any matter, use them to buy and sell material goods and services, and get wealthy collecting those virtual coins that no state and central bank in the world regulates. Yes, gold coins are just as silly but cost lives and do tremendous damage to the land their harvested from. The question we ask is not whether such a currency can replace other currencies or be used as a universal currency for international trade but whether this "value" system is as silly as any of capitalism's value systems.
Here we have a description and summary of what this late madness of virtual currency is by a globally respected economics journal "The Economist". The longer this phenomenon lasts and the longer states are unable or unwilling to control and repress it the more the traditional value systems prove their irrationality. Thousands, millions maybe, died in battles and wars over gold and other resources so states and the elites behind them can maintain domination over land and lives. For what? For regulating, usually to their benefit, the accumulation in wealth, power, and control, based on a virtual and irrational value system. Bitcoins have reduced
