[2014-11-01] U.S. Regulators Battle Bitcoin Businesses for Control

[botany]

U.S. Regulators Battle Bitcoin Businesses for Control

https://www.cryptocoinsnews.com/regulators-battle-bitcoin-businesses/

Governments are all about control: control of their populace. Recently, the U.S. government has created many arms of regulatory government to gain more control of an evermore complicated world and its citizens.

[shawshankinmate37927]

An excellent article from someone who "gets it".

Governments are all about control: control of their populace. Recently, the U.S. government has created many arms of regulatory government to gain more control of an evermore complicated world and its citizens.

And that control is all predicated on their fiat having value.  As more people around the world wake up and opt out of the fiat monetary system, their fiat will lose value and they will also lose control.

[notthematrix]

Control they will lose.....

http://wolfstreet.com/2014/10/30/the-wrath-of-draghi-first-german-bank-hits-savers-with-negative-interest-rate/

Deutsche Skatbank, a division of VR-Bank Altenburger Land, which was founded in 1859, is not the biggest bank in Germany, but it’s the first bank to confirm what German savers have been dreading for a while: the wrath of Draghi.

Retail and business customers with over €500,000 on deposit as of November 1 will earn a “negative interest rate” of 0.25%. In less euphemistic terms, they have to pay 0.25% per annum to the bank for the privilege of handing the bank their hard-earned money or their business cash.