I’m personally very nervous about a form of currency that is backed by nothing and just digitally created out of thin air by mysterious, unseen forces. But enough about the US dollar, I’ll have to look into this Bitcoin thing...
Bitcoin sounds like the wet dream of every Free Trader Communist Globalist. A one currency based on nothing
They need to “embrace” it now in case it get huge. There are 2 major aspects to it that our government hates
1) anonymity (the same “problem” as cash but extended to long-distance purchases)
2) they don’t (currently) tax it
It’s been very hard to start taxing internet sales because people have become accustomed to tax-free purchases. They need to get taxes into digital currencies before a large percent of the population get used to them.
It will be the “perfect currency” if they can modify it so a % of each transaction is sent to the IRS and the details reported to the NSA. That may not be what they are saying now, but you know that’s what many people in government are thinking and why they are pushing digital currency supporters to begin these hearings on a positive note.
Meanwhile, someone is claiming to have created a Bitcoin Assassination Market. Right now. How convenient.
http://www.businessinsider.com/new-bitcoin-assassination-market-2013-11
While the idea of an assassination market has been around for a decade or more, I suspect this announcement is a “false flag”, both as an excuse to slander Bitcoin, and as an opportunity to arrest those who would use an assassination market.
If such a market was set up, its #1 rule would be to keep it a secret as much as possible. It would be designed to be very slow growing, and would have to almost entirely be in the black Internet. It would need to frequently reorganize and disappear entirely only to reemerge elsewhere.
The basic idea of an assassination market is to put out a listing of public figures who *might* be killed. Anyone who wants to, contributes an amount of money to get a time window in which the target *might* be killed. Then when the price is high enough, a potential assassin buys a window of time in which they intend to kill the target. Being the “winner”, the assassin gets the pool of funds, less a use fee by the pool manager.
The idea is that if some public figure is hated, say the fictional character Emmanuel Goldstein from the novel Nineteen Eighty-Four, people can “crowd source” money by adding to the pool and selecting improbable dates and times for them to be assassinated. This increases the pool of funds for a potential assassin.
Eventually, the idea is to create a pool so large that potential assassins cannot resist.
The tricky part is the payout. Both payer and payee must absolutely be anonymous, and the funds must be fungible.
Technically speaking, such a market is very feasible, and not just individuals, but organizations, corporations, and governments could easily become involved.