12 Jan '13, 2pm
Precursors to #Bitcoin legislation emerge:
Human trafficking is another straw man argument; anyone who is trafficking in human beings will quite sensibly be using cash to receive or make payments. This is the same bogus argument put forward when attempts were made to regulate cryptography in the 1990s; it was claimed that terrorists were using Steganograpy to hide messages in images. It was a completely false Hollywood movie plot of course, and the idea that human traffickers would take an electronic payment rather than large Euro notes or One Hundred Dollar bills is patently absurd. Once again, anyone who thinks even casually about this comes to the conclusion that these arguments for the legislation and control of digital money are weak at best.