The world is changing. And due to certain technologies and information, citizens of this globe are thinking differently. The advent of the Internet has brought us vast amounts of subject material that has changed our thoughts on government. Encryption has taught us how to keep things private while using the web. And with Bitcoin, the decentralized currency has also altered the way we think about central banking. Now because of these modified revisions of how we deal with authority bureaucrats everywhere are fussing. They don’t want you to share information on their corruption via the web. The nation states do not want you to encrypt your messages and they surely don’t want you walking around with a “Swiss Bank” account in your pocket.
Recently, Obama spoke to a crowd at the SXSW technology conference explaining how there is a need for government to have mechanisms to help enforce taxation. The president tells SXSW attendees, “If in fact you can’t crack that all, if the government can’t get in, then everybody is walking around with a Swiss Bank account in their pocket. There has to be some concession to the need to be able to get into that information somehow.”
However, Obama probably isn’t talking to his fellow bureaucrats stuffing away billions offshore as reported by the Panama Papers. Over 11.5 million leaked documents describe public officials from all around the world trying to dodge their own tax system. No, Obama is speaking to ordinary citizens like who are possibly carrying some Bitcoin in their smartphone.
More:
https://news.bitcoin.com/government-will-fail-regulating-bitcoin/
