24 Mar '13, 8am

LIKE A PHONE DIRECTORY ★Bitcoin Privacy Extension to Have Backdoor for Government Snooping?

LIKE A PHONE DIRECTORY ★Bitcoin Privacy Extension to Have Backdoor for Government Snooping?

Bitcoin banknote concept - Wikimedia Commons Bankers are desperate to force governments into regulating decentralized virtual currencies like Bitcoin. With good reason. As currency wars rage with a rush to devaluation while banker bureaucrats openly rob depositors in Cyprus and financial privacy is disappearing , Bitcoin has become a safe haven currency to a growing number of people. Bankers and governments can't control it or tax it, but now they're attempting to do fix that. Andrew Leonard of Salon writes : The more popular Bitcoin gets, whether as a symbol of resistance or a perceived safe haven in financially troubled times, the more government attention it will inevitably draw, and the more inexorably it will be sucked into existing regulatory structures. Incomes denominated in Bitcoins will be taxed. Efforts at money laundering will be cracked down upon. It’s the pri...

Full article: http://www.activistpost.com/2013/03/bitcoin-zerocoin-priv...

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