Thursday, November 21, 2013

How Bitcoin Will End the Nation State - Jeffrey Tucker

Jeffrey Tucker on the potential impact of Bitcoin on the global economy.What is bitcoin, and why is it suddenly the hottest thing in the global currency market? What is the consequences for money and banking? Going from the physical to the digital world with emoney and 3D printing, is this the end of copyrights, patents etc, and even shipping ?

Source: NextNewsNetwork

Jeffrey Tucker forecast the end of the nation state and the emergence of Bitcoin securities and Bitcoin based companies that goes public.

Jeffrey Albert Tucker is the executive editor of Laissez Faire Books. Tucker is also a Distinguished Fellow of the Foundation for Economic Education, an adjunct scholar with Mackinac Center for Public Policy and an Acton University faculty member. He is past editorial vice president of the Ludwig von Mises Institute and past editor for the institute's website

As the European banking and currency crisis unfolds, the emerging digital currency has rapidly become a refuge for people fleeing from the euro and seeking to protect their savings and assets from confiscation.

Some analysts believe that Bitcoin, which allows for unmediated fund transfers between individuals, poses a potentially lethal threat to conventional banking. It is certainly exposing the weakness of the world's incumbent reserve currency, the US dollar.

Does Bitcoin offer promise, or peril? We'll examine this issue with Jeffrey Tucker. He is the author of "It's a Jetson's World: Private Miracles and Public Crimes" and "A Beautiful Anarchy: How to Create Your Own Civilization in the Digital Age.

Geir Solem

Elliott Wave Technician
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