“The most radical application of this idea concerns money and finance. After one-hundred years of government production of currency, and government sponsorship of banking institutions, P2P networks are now providing payments systems, loan markets, and even currency units such as Bitcoin. The implications of this are of course remarkable to consider. It’s one thing to dispense with the need for film processing; its something else entirely to toss away central banks, regulated stock markets, and departments of treasury. These are the heart and soul of political power itself.”
http://tucker.liberty.me/2014/05/05/the-peer-to-peer-economy-death-blow-to-the-state/
Related posts:
Bootleggers and Baptists
How Old Were the Founding Fathers?
Now That Hybrids Have Become Popular…
"Homelanders" To U.S. Expatriates: Don't Come Back... Ever
Bitcoin developer: Are bitcoin thieves revealing NSA back doors?
The Internet Has Been Conquered: Get Busy With the Next Steps
Paul Craig Roberts: Humanity Is Drowning In Washington’s Criminality
A Common-Sense View of the Stock Market
Bill Bonner: Fed's QE has not created one single extra job
The History of the Rockefeller World Empire
Euro Pacific Capital Global Investor Newsletter: October 2012
David Graeber, DEBT: The First 5,000 Years [2012]
The Case for Abolishing the Department of Homeland Security
The Case for Fed Tapering Sooner Rather Than Later
The Panthers Were Right and Reagan Was Wrong on Gun Control