Tuesday, January 24, 2017

The struggle surfaces

Reason Mag: Should the Internal Revenue Service (IRS) have authority to make financial-services companies turn over millions of customer records when they suspect a handful of customers could be evading taxes? Most people would respond with an emphatic no, yet this is exactly what the IRS is attempting to do with Coinbase, one of the most popular cryptocurrency service providers. And if the IRS prevails in this privacy-violating crusade against cryptocurrency users, it could have big implications for the future of everyone's digital privacy.
If you believe in central banking then you have a theory of repression.  How is it working? 

Advocates of pure cash have nullification, courtesy of Sotomayor. We can use nullification by segmenting the tax dollar, push it up to the smart contract layer. Then we let Congress default suddenly, blame Reagan and the Tea Party welfare bums.


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