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+ <title>Petter Reinholdtsen: The European Central Bank (ECB) take a look at bitcoin</title>
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+ <h1>
+ <a href="http://people.skolelinux.org/pere/blog/">Petter Reinholdtsen</a>
+
+ </h1>
+
+</div>
+
+
+ <div class="entry">
+ <div class="title">The European Central Bank (ECB) take a look at bitcoin</div>
+ <div class="date"> 4th November 2012</div>
+ <div class="body"><p>Slashdot just ran a story about the European Central Bank (ECB)
+<a href="http://www.ecb.europa.eu/pub/pdf/other/virtualcurrencyschemes201210en.pdf">releasing
+a report (PDF)</a> about virtual currencies and
+<a href="http://www.bitcoin.org/">bitcoin</a>. It is interesting to
+see how a member of the bitcoin community
+<a href="http://blog.bitinstant.com/blog/2012/10/30/the-ecb-report-on-bitcoin-and-virtual-currencies.html">receive
+the report</a>. As for the future, I suspect the central banks and
+the governments will outlaw bitcoin if it gain any popularity, to avoid
+competition. My thoughts go to the
+<a href="http://en.wikipedia.org/wiki/Wörgl">Wörgl experiment</a> with
+negative inflation on cash which was such a success that it was
+terminated by the Austrian National Bank in 1933. A successful
+alternative would be a threat to the current money system and gain
+powerful forces to work against it.</p>
+
+<p>While checking out the current status of bitcoin, I also discovered
+that the community already seem to have
+<a href="http://www.theverge.com/2012/8/27/3271637/bitcoin-savings-trust-pyramid-scheme-shuts-down">experienced
+its first pyramid game / Ponzi scheme</a>. Not very surprising, given
+how members of "small" communities tend to trust each other. I guess
+enterprising crocks will try again and again, as they do anywhere
+wealth is available.</p>
+</div>
+
+ <div class="tags">Tags: <a href="http://people.skolelinux.org/pere/blog/tags/bitcoin">bitcoin</a>, <a href="http://people.skolelinux.org/pere/blog/tags/english">english</a>, <a href="http://people.skolelinux.org/pere/blog/tags/personvern">personvern</a>, <a href="http://people.skolelinux.org/pere/blog/tags/sikkerhet">sikkerhet</a>.</div>
+
+
+ </div>
+
+
+
+
+ <div id="sidebar">
+
+
+
+<h2>Archive</h2>
+<ul>
+
+<li>2012
+<ul>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2012/01/">January (7)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2012/02/">February (10)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2012/03/">March (17)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2012/04/">April (12)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2012/05/">May (12)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2012/06/">June (20)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2012/07/">July (17)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2012/08/">August (6)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2012/09/">September (9)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2012/10/">October (17)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2012/11/">November (2)</a></li>
+
+</ul></li>
+
+<li>2011
+<ul>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2011/01/">January (16)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2011/02/">February (6)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2011/03/">March (6)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2011/04/">April (7)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2011/05/">May (3)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2011/06/">June (2)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2011/07/">July (7)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2011/08/">August (6)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2011/09/">September (4)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2011/10/">October (2)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2011/11/">November (3)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2011/12/">December (1)</a></li>
+
+</ul></li>
+
+<li>2010
+<ul>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2010/01/">January (2)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2010/02/">February (1)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2010/03/">March (3)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2010/04/">April (3)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2010/05/">May (9)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2010/06/">June (14)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2010/07/">July (12)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2010/08/">August (13)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2010/09/">September (7)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2010/10/">October (9)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2010/11/">November (13)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2010/12/">December (12)</a></li>
+
+</ul></li>
+
+<li>2009
+<ul>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2009/01/">January (8)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2009/02/">February (8)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2009/03/">March (12)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2009/04/">April (10)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2009/05/">May (9)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2009/06/">June (3)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2009/07/">July (4)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2009/08/">August (3)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2009/09/">September (1)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2009/10/">October (2)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2009/11/">November (3)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2009/12/">December (3)</a></li>
+
+</ul></li>
+
+<li>2008
+<ul>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2008/11/">November (5)</a></li>
+
+<li><a href="http://people.skolelinux.org/pere/blog/archive/2008/12/">December (7)</a></li>
+
+</ul></li>
+
+</ul>
+
+
+
+<h2>Tags</h2>
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