2012-05-17 / huffingtonpost.com / Innovation in the Government Industry, Bitcoin

http://www.huffingtonpost.com/michael-b-fishbein/innovation-in-the-governm_1_b_1519667.html

Yksi parhaista Bitcoin-artikkeleista hetkeen. Todella hyvää luettavaa.

[i]"Continuing my series on innovation in the government “industry,” I turn to the topic of currency. Government has a monopoly on currency. Our currency only has value because everyone believes it does and because the government forces us to use it. It’s completely disconnected from gold (which also only has value because people believe it does). Because of it’s monopoly, the government is able to continue devaluing our currency and limit our behaviors and there’s nothing we can do about it.

… Bitcoin presents an unambiguous challenge to the government monopoly on the power to print money. In concept, Bitcoin raises serious questions about the legitimacy of national monetary policy in a globalized digital economy. In practice, Bitcoin could undermine it completely.

Complete control over the monetary system enables governments to set the price of money. And they manipulate the market continually. In case you hadn’t noticed, for three years governments all over the world have been flooding the market with money in the form of bailouts and fiscal stimulus. The result is an inflationary debasement of currency. National treasuries are printing their way out of the crisis. Your salary and savings bear the price. It’s a hidden form of taxation. [Bitcoin] gives participants the option to opt out of their government’s monetary policy. Bitcoin is immune to government manipulation.
– Robert Tercek

… There are many risks and potential flaws associated with buying or using Bitcoin, but the idea of competing with government and creating a new currency outside of the control of a third party is very interesting to me. Bitcoin brings into question the widely held assumption that we have to use currency issued by the government to make a transaction and opposing a widely help assumption can present opportunities.

… When major credit card companies and PayPal froze the accounts of WikiLeaks, they began accepting Bitcoin. Does the government have the right to force us to hold and use a currency – especially if it continues to manipulate it’s value? I think it’s unethical for third parties to have control over the payments we choose to make, so long as it’s for a legal transaction.

… The risk that the government may declare Bitcoin illegal is a risk to the technology, and seems to be reflected in exchange rates. Bitcoin presents opportunities for entrepreneurs to make it easier to use the currency and will be beneficial to help the currency gain the critical mass of users and merchants that accept it for it to become a viable currency. It’s an ambitious project that could have a major effect on society and perhaps encourage the government to become more efficient."[/i]

Aika hyvä. En ollut tosiaan tullut ajatelleeksi että devalvaatio, joka aiheutuu keskuspankkien keksimästä rahasta,
on itse asiassa piiloverotusta.