How cryptocurrency will cripple today’s governments – and they won’t see it coming




Cryptocurrency will cripple governmental ability to collect taxes, and they won’t see it coming. When it’s already happened, expect major changes to take place in how society is organized on a large scale – but also expect governments to act in desperation to retain control. As bitcoin launched in 2009, most early adopters saw its … Continue reading “How cryptocurrency will cripple today’s governments – and they won’t see it coming”

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Old lady denied exchanging life savings in old banknotes for new issue; could not prove innocence of money; dies




Ethel Hülst had saved for some old-age luxury all her life, cash-in-mattress style, and wanted to exchange her old-issue-note savings for new-issue banknotes. Faced with demands of proving where her cash came from, she could not produce receipts that would have been older than a decade. The Central Bank denied her an exchange of issue, … Continue reading “Old lady denied exchanging life savings in old banknotes for new issue; could not prove innocence of money; dies”

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The war on cash being justified as “necessary against organized crime” is the worst excuse ever




There is a “war on cash” going on from the central banks, trying to reduce the usage (and personal storage) of cash. This is something that makes sense as a power move against the common people in a time of forced negative interest rates, but it is a shocking reduction of liberty and privacy (of … Continue reading “The war on cash being justified as “necessary against organized crime” is the worst excuse ever”

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  • Jun 6, 2016
  • Caleb Chen
  • Bitcoin, Governments, News,

Now that PayPal has left Turkey, Turks should use Bitcoin




The nearly 75 million residents of Turkey will be unable to use PayPal to pay for online goods starting June 6th, 2016. PayPal’s decision to pull out of Turkey resulted from the expiration of a required financial license. Rather than risk the ire of Turkey’s financial regulator, PayPal will withdraw from Turkey. Users will only … Continue reading “Now that PayPal has left Turkey, Turks should use Bitcoin”

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The DAO raises $100 million: How the old world really can’t comprehend the new world




The crowdfunding to the investment company “The DAO”, which has exceeded one hundred million US dollars and counting, has the old world in confusion. “How can something leaderless run a company, or be trusted with an investment?”, we hear. This shows the real depth of the digital divide. The DAO – short for Distributed Autonomous … Continue reading “The DAO raises $100 million: How the old world really can’t comprehend the new world”

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Bitcoin, Taxation, and the Systemic Necessity of Allowing Privacy




As you start using bitcoin, you start questioning the nature of money – or the nature of central bank money, anyway. If you go deeper down the rabbit hole, you discover that central-bank money and the formation and power of government are closely linked – you start to discover origins of money, origins of large-scale … Continue reading “Bitcoin, Taxation, and the Systemic Necessity of Allowing Privacy”

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After Paris Attack Where Terrorists Used Cleartext Communications and Credit Cards, Police State Hawks Demand a Ban of Encryption and Bitcoin




It didn’t take long after the Paris terror attacks for police state hawks to demand more police powers. Bans on encryption have been suggested, as well as regulation of bitcoin by European interior ministers. But as it turns out, the terrorists communicated in cleartext and used their own traceable credit cards. This shows how police … Continue reading “After Paris Attack Where Terrorists Used Cleartext Communications and Credit Cards, Police State Hawks Demand a Ban of Encryption and Bitcoin”

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