Bitcoin News

Forbes contributor and Bitcoin Foundation board member Jon Matonis (@JonMatonis)’s latest blog post makes an argument defending the need for cash to remain as a way to pay.  Excerpts:

“Let’s not kid ourselves, because the end of money, as we know it, really means the beginning of the transactional surveillance State, which makes this a serious debate about the boundaries of State power and the dignity of an individual.”
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“With ultimate tracking capabilities, how does Wolman decide when a government’s ‘right’ becomes a wrong?”
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“Privacy, especially user-defined privacy, sits on a sliding scale that is defined by the individual. One person’s idea of privacy may be anonymity from all and another person’s idea of sufficient privacy may be privacy from aggressive marketing companies and governments but perhaps not from banks. The point being that it is the prerogative of the individual, not book authors or digital money consultants, to determine where one sits on that personal sliding scale.”
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“As Web anthropologist Stowe Boyd proclaims, anonymous cash equals freedom and we should rejoice in that.”

 - http://onforb.es/YoqjgY
 - http://bitcointalk.org/index.php?topic=146661.0 (Further discussion of the post.)

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