The CoinBase Podcast
Episode 005 Show Notes
This is Monday August 13, 2012 – Episode #5
- Hiro Followup:
- Of note is its a BBC article. Something for that alone
- genjix/Amir Taki Bitcoin Consultancy is a Hero — comments here, shoutout to him.
U.S. regulators directed five of the country’s biggest banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help.
- Hiro followup
- Jon Matonis on Forbes: My Answer To A VC’s Bitcoin Question
With optional, user-defined transaction privacy, the use of money
for purposes of identity linking falls by the wayside. True, it
enables a paper cashless society but not with the attributes that
the tax-efficient anti-cashists want. Without government checkpoints
for financial institution wire transfers, bitcoin capital flows
freely, without limits, and perhaps anonymously. The harmful tools
of centralized monetary policy would also not exist. And finally,
the taxation of income that began in the United States in 1913 would
operate on the honor system — the honor of the taxpayer, that
is. This could be welcome news for some as a progressive income tax
was a fundamental tenet of Marxism.
In his first post, Fred mentioned “the emergence of currencies that
are not controlled by nation states in my lifetime.” He clearly
acknowledges that significant ramifications result from the
“decoupling of currencies from governments,” but I wonder if he has
come to terms with what that actually means.
- Jon Matonis on Forbes: Roadmap To Monetary Freedom
Then, a bit of bitcoin drama occurred when Rep. David Schweikert
(R-Arizona) initially referred to the cryptocurrency as “um….what
was one of them called?….something….coin” near the end of the
hearing. To my knowledge, that is only the second time that bitcoin
has been entered into the congressional record. The first being when
Prof. Larry White mentioned bitcoin in his prepared testimony for
the Free Competition in Currency Act of 2011.
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