[2014-06-16] Coindesk - Thinktank: UK Should Privatise Pound and Embrace Crypto

[No_2]

http://www.coindesk.com/thinktank-uk-privatise-pound-embrace-cryptocurrency/

The Institute of Economic Affairs (IEA) has today released a report stating that the UK should privatise the pound and replace it with cryptocurrencies.

Founded in 1955, the London institute was described as the “most influential thinktank” in modern British history by journalist Andrew Marr. Its impact on public policy should not be underestimated.

The institute believes bitcoin will “open the floodgates to a tidal wave of private money,” but points out that digital currencies are quite a bit different than previous examples of private money. For example, due to its decentralised nature bitcoin cannot be easily shut down, so the institute thinks it is here to stay.

And further to this item:

http://www.iea.org.uk/blog/new-private-monies-can-outcompete-government-monetary-systems

[LiteCoinGuy]

yeah they should do this 

[Bit_Happy]

This could easily be one of the four biggest BTC news stories of the year, and there has been plenty of great ones so far.
The Institute of Economic Affairs thinktank is very influential, so the UK Gov't has been alerted that Bitcoin is here to stay. 

[Chef Ramsay]

Interesting, over here it would be like saying the Fed and their satellite banksters can go pound sand w/ their fiat ripoffs and we can start from scratch again. Talk about reigning in Congress and their excessive spending nonsense.

[Bit_Happy]

Interesting, over here it would be like saying the Fed and their satellite banksters can go pound sand w/ their fiat ripoffs and we can start from scratch again. Talk about reigning in Congress and their excessive spending nonsense.

Gov'tCoin will have hearings to approve raising the hard limit on total coins. We can change the world, but miracles can be difficult.  

[howardb]

Wow, that IS big, IEA could reasonably described as the cornerstone of government economic policy over here. I'm amazed that this has not hit mainstream news  here yet. Although Kevin Dowd is a known libertarian (member of Academic Advisory Council to Libertarian Alliance).