Federally Funded Think Tank Explains How U.S. Government Could Attack Decentralized Digital Currencies

Note: Since publishing this post, I have read through parts of the RAND Corporation report and have concluded that the Bitcoin Magazine article disparaging it was unfair. So much so, that I will exercise far greater caution in the future when quoting from this source.

While I will leave the post here for you to read, had I looked at the RAND Corporation report before publishing it, I probably never would have written anything on the subject.

When government devolves into little more than a Banana Republic-style oligarchy burgeoned by a cadre of media propagandists and corrupt politicians, the only objective of said government is to secure, protect and grow its wealth and power. In such circumstances, which are the historical norm not the exception, “the people” come to be seen as the enemy by government and the oligarchy that controls it. Indeed, this is the unfortunate state of affairs in which we find ourselves today.

Decentralized virtual currencies pose a clear threat to government control, which is why their deployment concerns the status quo so much. Some of these concerns were outlined in a recent RAND Corporation report titled, “National Security Implications of Virtual Currency.” Bitcoin Magazine covered some of its more troubling angles in an article published a couple of days ago.

First a little about RAND from Bitcoin Magazine:

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