11 Sep '13, 1pm

Why Bitcoin could be a solution to restore your financial privacy. via @TheGenesisBlock

Why Bitcoin could be a solution to restore your financial privacy. via @TheGenesisBlock

If you have a USB drive with 30,000 BTC on it obtained by legitimate means stored safely in your home, there is no counterparty responsible for reporting requirements and you retain privacy rights to your personal property. It would be no different than storing cash, other than increased the ease and security. While any new paradigm will require adjustments by regulatory bodies, one would be hard pressed to explain anything inherently illegal with the scenario described. Bitcoin, as a personally-securable store of wealth, just may be able to restore some of the most basic rights guaranteed to US citizens that have been all but forgotten by most in the modern era.

Full article: http://thegenesisblock.com/op-ed-the-evolution-of-financi...

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