FATCA

[markm]

I don't know how many points of so called "gold" that Freeciv uses as currency those billions would come out to but I would expect players to be wondering how many military units or nuclear units they could field for a similar cost.

Presumably though the U.S. would have already figured that out and deliberately made the cost of compliance lower than the cost of fielding sufficient such units to discourage the U.S?

-MarkM-

[RodeoX]

Thanks for posting this Legal Eagle, very interesting and relevant.

[ArticMine]

One of the most likely consequences is that many banks and other financial institutions will simply avoid the problem by refusing to deal with US citizens effectively making US citizens financial pariahs abroad. Others may also limit the products and services they make available to US citizens. You can open a basic chequing account but not buy units of that high performing hedge fund.

As for Bitcoin I can see:

1) Bitcoin exchanges refusing US Citizens. By the way this is already happening. Ever wonder why Virtex requires Canadian Citizenship is order to open an account?

4.7 The VirtEx service is not intended to be used by any person under the age of 18 years old or by anyone other than a Canadian citizen. Your use of the VirtEx site shall serve to confirm that you are both 18 years of age or older and a Canadian citizen.

https://www.cavirtex.com/terms

2) Ex-pat US citizens being forced to used Bitcoin to avoid what can become an effective worldwide banking blockade against them.

[mobile4ever]

Bitcoin has fundamentally changed the economics of the currency market and is begininning to have an effect on individual behavior

You ( and others ) will probably like this → http://www.ted.com/talks/simon_sinek_how_great_leaders_inspire_action.html