2012-12-14 dailyreckoning.com - How the State Will Die

[Akka]

Single passage about Bitcoin:

Even banking is undergoing an upheaval, despite the Fed’s and the Treasury’s attempts to monopolize the system. The new currency Bitcoin is growing and flourishing, despite every attempt to call it a fake and a fraud. New payment systems are popping up every day in the form of gift cards and instant charge cards that you can fill with cash. Digital applications are enabling new ways of lending and borrowing that completely bypass the official state system.

Full article: http://dailyreckoning.com/how-the-state-will-die/

[TraderTimm]

Thank you for this, appreciate the effort.

I've always thought bitcoin would be the replacement for the numbered swiss bank account, especially in light of how the Swiss have bowed to the pressures from the USA and other countries about releasing previously confidential account-holder information.

One other issue I hope bitcoin forces is the ability to have granular taxes, where you contribute where you want your money to go, instead of a lump sum system that is divided without your input.

Guess we'll see...