
“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.”
Related posts:
Striking teachers block access to Mexico City airport
Banks Seek a Shield in Mortgage Rules
NYPD sergeant Fritz Glemaud promoted despite 16 civil rights lawsuits
Bridges become the hottest new item for thieves to steal
Angry with Washington, 1 in 4 Americans open to secession
Lawyer for Winkelvoss Twins’ Bitcoin ETF: SEC Review Going Smoothly
There's a £60m Bitcoin heist going down right now: watch in real-time
Glenn Greenwald: Inside the mind of NSA chief Gen Keith Alexander
Huge landslide shuts down largest mine in the world in Utah
Vietnam jails 22 activists for subversion
Iraq says 3,000 inmates freed amid demonstrations
When the Nazis wrote the Nuremberg laws, they looked to America
Judge: ‘Everything they say is a lie’
Monetary Authority of Singapore warns on 'unregulated' bitcoin
Venezuela says 'petro' cryptocurrency pre-sale will be in hard currency