http://www.ft.com/cms/s/0/960c906c-5206-11e3-adfa-00144feabdc0.html#axzz2lTrKJVHLAnnoying article in many ways.
"Each generation has its own technological superstitions. Country folk used to vault off the bottom steps of escalators. Tribal peoples feared cameras. Until relatively recently, certain impressionable readers of the book of Revelation feared the government was using monetary and credit instruments to spy on them."
Well, count yourself in this category with your irrational bitcoin fears.
"Obama administration officials who testified before the Senate were more eager to stress the high-tech upside of Bitcoin than its criminal downside. Maybe they see entrepreneurial opportunities invisible to the naked eye. Maybe they’re forgetting that currency is the business of government."
Funny, because Frank Schaeffler, a member of the German parliament’s Finance Committee just said:
“A free country should resist and not intervene in citizen’s private choice of money. In my opinion the production of money is none of the government’s business"