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RE: Is BTC the new QE?
Very astute observations. Your arguments about the SEC and the IRS make a very strong case. One possible silver lining in all of this is that there are a number of projects that are developing decentralized exchanges that aim to offer absolute privacy among traders. When combined with cryptocurrencies such as ZCoin, Monero, and CloakCoin, all that purportedly offer iron-clad anonymity, authorities will be hard pressed to maintain control over markets as they have in the past. By the way, if I hadn't mentioned it before, excellent post.
Freedom and security only depend on privacy in a world featuring oligarchical force. While I'll lament it's passing as much as anyone, privacy is largely already nonexistent, and will simply no longer exist shortly.
I suspect that what is going to be necessary to counter the total invasion of our privacy is noise. Rather than any single currency being able to withstand regulatory pressure, an infinite supply of currencies will.
We already see over 1000 cryptocurrencies, and the cat is out of the bag. I have written a (fiction) post in which single use and one off currencies are used to preclude centralized control of finance. Lemme know if you wanna read it.
Thanks for your kind words =)
Yes, I would be interested in giving it a read. Thanks for the suggestion.
Welp, here's a link to that post.
Enjoy!