“I reckon the big online retailers who would save a fortune by stripping seller and buyer fees – eBay and Amazon – will move first. Apparently there is already an entire trendy suburb in Berlin where you can more or less live on them already. That’s when the real difficulties start. Because for all the benefits, peer-to-peer currencies like this will almost certainly reduce the ability of central banks to manipulate the money supply, have significant implications for the tracking of illegal transactions, and may erode tax-raising powers. For at least some of those involved in the Bitcoin project, including the mysterious founder, that was the whole idea.”
(Visited 30 times, 1 visits today)
Related posts:
Top general: Syrian rebels do not support U.S. interests
Snowden's father criticizes Congress, Obama over spy programs
China Orders Ban on New Government Buildings
Will Bitcoin Craze Grip India?
How Switzerland is weathering the storm
Chicago struggles to auction off taxi medallions
State Department criticizes Google CEO’s North Korea visit
In Jungle Long Known for Cocaine, a Rare Nut Is Now All the Rage
Marijuana Compound Fights Cancer; Human Trials Next
Jim Rogers: Gold Mining Stocks Face Two Major Headwinds
Bond investors will find out that PIGS can’t fly
Philly narcs face lawsuit by victim of drug raid on auto shop
U.S. tax law has some expatriates waiving the American flag
Russia and Mongolia Mull Creation of Free Trade Zone
FTC to music teachers: Better not try to raise the price of your lessons.