[Vince Ferrer]

The surveillence state being built is not about terrorism, it is about money. The NSA already monitors all electronic money transactions. Build this database, and have an electronic only currency, and the outdated concept of private property dissappears. From then on what is in your electronic bank account will be "yours" only in the sense that on most days, the government will allow you access to it. On special occasions, though, they will take what they need.

[sten]

so.. groups of people getting together in order to plan ways of getting other peoples money. that about sum it up?

[SpaceBar]

facepalm is all I got

[SkyPilot]

We are rapidly heading to a global tax, a global government, and a global electronic currency. The next global financial crisis will put the lever into 5th gear.

[ZULU]

G-20 More One-Worlder bullcrap

[theBuckwheat]

This is why private electronic encrypted currencies like Bitcoin must be crushed.

[Hostage]

Interesting to think why Bitcoin is allowed to exist and grow, and if it becomes a major currency how then governments will find a way if possible to crack into its information database.

[yefragetuwrabrumuy]

The expression “Render unto Caesar” must drive them nuts, because it *limits* what Caesar owns to Caesar’s currency. If you do not deal in Caesar’s fiat currency, but another one, then Caesar’s control is illusory.

To clarify this, it can be simply said that “anything in abundance can be used as a currency”.

Socialists and communists *bitterly hate* abundance for this very reason, because an alternative currency strips them of wealth and power over others.

Obama can print “Obama bucks” all he wants, but if people are willing to trade using anything Obama does not control, Obama bucks quickly become worthless *compared* to that other thing.

Everybody will want to save that other thing, and spend Obama bucks on anything to anyone who will take them. This is known as Gresham’s Law in economics. And pretty soon, nobody will take Obama bucks, and they become inflated, then worthless.

For this reason, government is almost desperate to control any form of alternative currency. Look at how uncomfortable they are with BitCoins. But the truth is that BitCoins are a first generation effort. Subsequent generations will be mostly out of sight, and as much as possible, out of reach, of government control.

[E. Pluribus Unum]

Bitcoin short-circuits all of their schemes.

Bitcoin ain't going away.