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Bad News That Will Strengthen Bitcoin

rootsIt is because of news like these that Bitcoin will continue to generate more interest than ever before:

PayPal Bans BitTorrent VPN/Proxy Service

After blocking the financing of various file hosting sites and Usenet providers, PayPal service takes a swing at  VPN/Proxy because of its  ties with BitTorrent.

→ Central banks step up their efforts to continue printing money

Faced with economic stagnation and failed growth policies, most central banks choose to continue devaluing their currencies; all at the expense of the general public of course.

The impending arrival of online sales tax

With a majority of 61%, the U.S. Senate approved an online sales tax bill.

The bank accounts of over € 100,000 are likely to be targeted for confiscation

The current president of the European Council, Michael Noonan, submitted a proposal to the European finance ministers which, if approved, would hit the depositors that have accounts exceeding € 100,000 in the event of future bank failures. This is basically like Cyprus story on a grand-scale.

Tax Havens agree to share bank account information

Virgin Islands, Bermuda, Cayman Islands, Anguilla, Montserrat and the Turks and Caicos have signed agreements on sharing all the details of the bank accounts in their territories with the tax authorities in the UK, France, Germany, Italy and Spain. Not so haven anymore I guess.

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  • http://twitter.com/flibbr Flibbr Marketplace

    Good points Larry. My favourite in particular is the impending arrival of online sales tax.

    • TheBitcoin

      Thanks. Can I ask why? The rest of them don’t seem to bad either ..;/

      • http://twitter.com/flibbr Flibbr Marketplace

        It’s not that the others are bad.. just saying what my favourite is. Being an anarchist, that is believing that society can be more productive and beneficial to all without violence and coercion, the tax one really resonates with me.

  • TheBitcoin

    Thanks. Can I ask why? The rest of them don’t seem to bad either ..;/

  • TheBitcoin

    Thanks. Can I ask why? The rest of them don’t seem to bad either ..;/